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Bedford County Tax Rate $0.52 per $100
Franklin County Tax Rate $0.55 per $100
Pittsylvania County Tax Rate $0.59 per $100
SML Home Value of $350,000 in Franklin County.
Annual taxes are: $350,000/100*0.55= $1,925 per yr
For your convenience, FRONT DOOR provides information and a mortgage calculator to assist you in estimating the monthly payments associated with any loan secured to purchase your Smith Mountain Lake property. We advise you to consult your mortgage broker for a more accurate estimate.
To use the calculator, simply enter your information into the boxes and click on calculate. The loan amount, loan term, and interest rate currently populated in the calculator may be changed to values more representative of your situation. Property taxes depend on tax assessed value as well as the tax rate for the respective county. See tax rates below. PMI stands for Private Mortgage Insurance. When your down payment is less than 20%, you usually have to pay PMI. Private mortgage insurance typically costs between 0.5% to 1% of the loan amount.