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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 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 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 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 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 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.


What is the tax assessment value for a property listed on Zillow?

The tax assessment value for a property listed on Zillow is the value assigned by the local government for tax purposes.


Why would the county assessor come to my house?

The county assessor may come to your house to assess the value of your property for tax purposes.


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

Direct Tax


How does appraisal impact property tax?

Appraisal impacts property tax by determining the value of a property, which is used to calculate the amount of tax owed. A higher appraisal value typically results in a higher property tax bill, while a lower appraisal value leads to a lower tax bill.


What type of tax is property tax on your house?

direct


Why would a county assessor come to my house?

A county assessor may come to your house to evaluate the value of your property for tax assessment purposes.