One question many buyers ask me as we look for real estate at Lake Eufaula is “What are the taxes on the property?”  People need to know the answer to this question in order to budget monthly and/or annually for things like taxes and insurance.  For some people the difference of $50 to $100 a month can be a big deal.  Many people ask what the taxes are and real estate agents answer with the current tax assessor’s information.  This usually is very deceiving and just plain inaccurate.  If the property in question has not been assessed lately, or the current owner’s taxes have been frozen, then the amount shared with the buyer can be way off.  Every area has a different tax levy and formula used to figure taxes.  This formula can be obtained from the County Assessor’s office.  I have a chart of the communities around the lake with each of their individual tax levies and the formula to figure the taxes on the listed price or the contract price.  It is important to me to provide this information to my clients so they can know and plan their expenses.  If a real estate agent does not know the formula or is unable to perform the math, they should call the County Assessor’s office and find out for their customer what the anticipated taxes will be.  The buyer will be grateful.  If you need to find out what your taxes are on a piece of property you are looking at - just contact me, I will figure them for you.  Karen@EufaulaLakeshoreRealty.com or 918-605-7405