I've been perusing various real estate websites (msl listings) for info on a property I may be interested in. Every site states the same 2016 figure for annual taxes, but a few show an additional number that is significantly higher. What does this mean?
Yeah...examples would be nice....
You said in was some real estate sites....manye post one ?
Sounds like assessed value...... and possible est. fair market value.
Not necessary the same thing..
The first figure found on every site states $1,046. But there is another under "Public Facts" that has taxable value at $2,500. Is that the same as fair market value? Since the property is only assessed at $15,000 that seems excessive. But then this is good ol' New York State.
Without a link, it would be hard to guess. Even $1,046 sounds high for a $15K assessed piece of property as that would be almost 14%. Mobile home on the property that is not taxed as real estate maybe?
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