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Q: What is the house tax of a property value of 385000?
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How much will the taxes be if you win a 385000 house?

The highest marginal tax rate at this time is 35% X 385000 = 134750


What type of tax the property tax on a persons house?

A real estate tax millage or what ever the local taxing authority calls it. It is a direct tax. Property tax is an ad valorum tax. An ad valorum tax is based on the value of the good or service or property. The tax is usually imposed on an annual basis and the property's value may be reappraised periodically (usually every year).


What type of tax is the property tax on a person's house?

A real estate tax millage or what ever the local taxing authority calls it. It is a direct tax. Property tax is an ad valorum tax. An ad valorum tax is based on the value of the good or service or property. The tax is usually imposed on an annual basis and the property's value may be reappraised periodically (usually every year).


What type of property tax is the tax on a person's house?

A real estate tax millage or what ever the local taxing authority calls it. It is a direct tax. Property tax is an ad valorum tax. An ad valorum tax is based on the value of the good or service or property. The tax is usually imposed on an annual basis and the property's value may be reappraised periodically (usually every year).


What type of tax is property tax on a persons house?

A real estate tax millage or what ever the local taxing authority calls it. It is a direct tax. Property tax is an ad valorum tax. An ad valorum tax is based on the value of the good or service or property. The tax is usually imposed on an annual basis and the property's value may be reappraised periodically (usually every year).


What is house Assessment?

A house assessment is an evaluation of a property's value, typically conducted by a professional appraiser or a government entity for taxation purposes. The assessment helps determine the property tax that the homeowner will be required to pay based on the property's market value.


The property tax on your house what type of tax is this?

Direct Tax


What type of tax is property tax on your house?

direct


What are the similarities between property tax and income tax?

both based of amount of the value . the higher income and property value determines tax rate


Is property tax direct or indirect tax?

A property tax (or millage tax) is levied on the value of property, an ad valorem tax that the owner is required to pay. It is a direct tax.


Do you pay less taxes on a house if you live on a private way?

No, you pay property tax based on the value of the home.


How much are property taxes if you win a house?

The property tax rate in your local area will be the same per year no matter how you acquired the property. The rate will be a percentage of the value of the home.