It is difficult to answer this question without knowing what you are referring to. Are you looking at properties with some acreage involved? If you are, some of the homes may have just enough land for the home itself. I found a current example with 4.77 acres, priced at $550,000 & taxed at $4636. A home for sale just around the corner is listed at $399,000 with taxes of $9106. That's because this home is on a 14.8 acre lot, enough to split the parcel into four separate parcels, with four homes. The land is appraised at $647,100, while the land in the first example is appraised at $0.
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Chartered Real Estate Consultant