12% property tax? Possible?

Something is not accurate here. Either the house is 90% off or your "tax" include something else.

Worst States for Property Taxes

The Tax Foundation found that homeowners in these states paid the most in property taxes compared to home value.  The percentages represent the percentage of home value that homeowners pay in property taxes.

1. New Jersey - 1.89%
2. New Hampshire - 1.86%
3. Texas - 1.81%
4. Wisconsin - 1.76%
5. Nebraska - 1.70%
6. Illinois - 1.73%
7. Connecticut - 1.63%
8. Michigan - 1.62%
9. Vermont - 1.59%
10. North Dakota - 1.42%

The top 10 counties in median real estate taxes as a percentage of median home value for 2009 are, from 1 to 10: Monroe County, NY (2.89%); Niagara County, NY (2.87%); Wayne County, NY (2.78%); Chemung County, NY (2.61%); Chautauqua County, NY (2.61%); Erie County, NY (2.60%); Onondaga County, NY (2.50%); Camden County, NJ (2.50%); Steuben County, NY (2.49%); and Madison County, NY (2.43%). The national median real estate taxes paid divided by the national median home value is 1.04 percent.