You are ready to make an offer on the home of your dreams. You know what your principal payment, interest payment and insurance will be per month. Here is a quick guide to figure your estimated property tax. You will need your sales price and the millage rate (available from your agent or title representative).
Take your sales price: $350,000
Times .80 or 80%= $280,000
Times .70 or 70%= $196,000
Divide by 1000= 196
Times (the millage rate) 17.87
Equals your estimated taxes= $3502.52
(Minus $100 monthly I forest or farm deferral)
There you have it! Information provided by Tim James of Town & Country Home Loans (503) 826-1505.
Need help finding that special home? Looking for someone who will listen to your needs? Call Valerie Harvey, GRI, Broker, John L. Scott at (503) 704-9891. Licensed in Oregon & Washington