Site: nolo.com
... Imagine, for example, that Mike and Wendy own a home in Ohio. ... If the tax rate is 1%, Mike and Wendy will owe $2,000 in property tax. ... Let's say that Mike and Wendy appeal the $200,000 taxable value of their home. ... Given this, Mike and Wendy owe only $1,500 in property tax on their Ohio home. ...