On average that means if someone pays $10,000 in annual taxes, he could face an increase of $376.
The annual taxes are about $2,500, so the effective tax rate is 0.83 percent.
To do that they had to pay twenty-five times the annual tax as a release fee.
For the newly built house, annual taxes have yet to be determined.
The annual taxes are $164,340, and there is an additional village tax of $40,248 annually.
His decision reduces the annual tax on the property to just over $17,000.
It would raise the average homeowner's annual tax by $34 and bring in $150 million.
The average unit is priced at $265,000, with annual taxes slightly more than $4,200.
On a $100,000 home, the annual tax would amount to $12.
A law adopted by the state in 1862 required all ethnic minorities to pay a $5 annual tax.