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To estimate your real estate taxes, you merely multiply your home’s assessed value by the levy. So if the assessed value of your home is $200,000, but the market value is $250,000, then the assessment ratio is 80% (200,000/250,000). 0.4% on the value of your property above $4 million.
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While it may seem like this question has a clear answer, if we happened to ask it on an episode of who wants to be a millionaire?, a precise. The short answer is yes. Remember that the right pool addition could boost your property value by over 10% but it could also just as easily drive buyers away.
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