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What would the property taxes be for an owner occupied home that was valued at $200,000?

April 26, 2017Home occupied owner property taxes Valued

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What would the property taxes be for an owner occupied home that was valued at $200,000?

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The worst case scenario would be that the taxable value was set at 50% of the market value, or $100,000 for a $200,000 home. Taxes for 2004 would have been $5569.56. The calculation formula is: (Taxable Value x Millage Rate) x 1% administration fee = TAXES or ($100,000 x 55.1442) x 1%=$5,569.