I am considering buying a SFH in Jackson, but I have no information on taxes. How much tax is due (approximately) on a 60k house, in your opinion?
Thank you in advance for your input.
go to hinds county tax collector and look up the address it will tell you.
however if its owner occuppied they are getting owner tax rate which can be half or less of the investors tax rate.
Generally speaking though 60k home in jackson can run 700 to 1400 a year..
An owner occupant will have both a homestead break on taxes as well as a lower tax rate. So, your taxes on an investment house can nearly double compared to an owner occupant. For example a house that is worth $90k might have an owner occupant paying $975 in taxes but an investor owner would pay $1,900......i know this from personal experience :)