I’m looking for my first house and don’t really understand what to expect for taxes.
Let’s say on Zillow the house is listed at $300k. In the tax history it was last assessed at $150k, and says the taxes were $5,000 a year.
Does that mean the next time the house is assessed the taxes would increase to $10,000/year?
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source https://www.reddit.com/r/RealEstate/comments/wz54fx/question_about_calculating_taxes_when_buying_a/
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