Quote:is 600k much for a house there? Doesn't seem that much?

 

I purchased my home in the early/mid 1990's for $68K.  It's a modest home around 1500 square feet of living space on a "typical" lot of just under 1/4 acre.  It's an older home, so it wouldn't appraise as much today but my taxes place the value on the home around $100k.  Most new homes similar to mine nowadays would probably go for around $150k - $200k.

 

Now keep in mind, this is in Jacksonville, Fl.  Other states are going to have a higher cost.  My parents have a home around the same size as mine on around the same size lot in a different state, and their home is appraised at $600k for tax purposes.  Now again, their home is newer (built in 2012).

---