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Old 07-13-2009, 02:29 PM
 
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What are the property taxes like on a home in say the $50,000.00 range and what are insurance rates in the Knoxville area?
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Old 07-14-2009, 11:10 AM
 
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Thumbs up Answers for you :)

[url=http://www.ci.knoxville.tn.us/finance/taxes.asp]City of Knoxville - Property Taxes[/url]
Property taxes (market value of $50,000 can be different than the appraised value, usually less) Might say it appraises at $40-60k range and based on that you take appraised value & divide that by 4. Then take that value and divide it by 100. Then take that times the tax rate which is $2.81 for the city and the county is $2.69 ((2008)) figures which will change in 2009!
More than likely they will go down approx. 15%
(Spoke with the Tax Assessor today for you)

Home insurance will run around $400-500 annually
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Hope that helps,
meg
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Old 07-14-2009, 11:19 AM
 
Location: Beautiful East TN!!
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Note: Homeowners insurance will totally depend on both the condition of your house and your credit score, there is not one set formula to determine what your rates will be. I suggest you check around to several different agents and companies. Having your cars and other insurance policies with the same company will also have an effect on your rates.
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