Your question is a very good one. It is generally advisable to consider the tax rates and utility costs of a potential home. Too many people have purchased homes without thinking through the true costs of ownership and this is being reflected in our market today.
Generally your property tax can be estimated based on the Taxable Value established by the local tax assessor's office and the local millage rate. You can go to the website below to estimate your taxes using the Taxable Value (this is 1/2 or 50% of the market value). The result from this calculation is only an estimate. When a home is sold the Taxable Value is adjusted by the assessor's office taking into account not only the actual sale price, but other factors such as the neighborhood, location, and market conditions. If the house you are considering were to sell at $52,000 the Taxable Value would be 1/2 or $26,000 adjusted by the assessor as explained. If the Taxable Value were determined to be $26,000 the estimated taxes based on 2007 rates would be $1458. Given that the property is being sold as a foreclosure, the actual amount may be higher. On the other hand the fact that it was originally listed in July at close to $100,000 and has been continually reduced to the present asking price of $52,000 would suggest that the market value is not much higher.
It is interesting to note that the house sold for $250,000 in June of 2006.
Feel free to contact me directly if I can be of further assistance.