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3 What Affects Property Taxes and How Often to They Fluctuate?

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Cesaria Barbarossa asked:


We’re looking to buy a home in Michigan within the next month or so…if the property taxes for the previous years averaged around 3K a year…does this mean this will likely remain the case, give or take a few dollars? Can property taxes go up astronimically without warning?

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3 Comments »

  1. Ross says:

    Depends on the area. You can ask the local tax assessor. In CA maybe other areas they base the property tax on what you paid and it never changes. Certain bonds or other thing can be added of voted in that will affect you tax but the actual tax on the home itself doesn’t change.

    I live in MO and here they re assess every few years.

  2. The amount of foreclosures will reflect on your property taxes as well as value. Thats the problem with homeowners who have not lost their homes. The foreclosed homes around it brings its value down and the crime in.

  3. sassy25 says:

    No that 3k was based on the assessed value not on the new purchase price. You check with the town tax assessor, tell him new price and he can tell you the new tax.

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