First-time homebuyers, this ones for you! Property taxes are an important thing to consider when you’re looking at homes because they can add a lot of money to your monthly mortgage payment. The amount you pay in property taxes depends on the property value and where the property is located since each state and city has a different tax rate. If you have a mortgage, your property taxes are usually wrapped into your monthly payment. If you’ve paid off your mortgage or bought in cash, you are still responsible for paying the tax and the bill will usually get sent by mail. When you’re looking at homes, pay attention to the mortgage breakdown to see how the property taxes add up.
Have any other questions about property taxes? Give us a call! Chris 480-754-9077 & Cheryl 480-754-9477