How Property Taxes Are Calculated and What Every Buyer Should Know
When you are planning to buy a home, there is one number that should never be overlooked: property taxes.Property taxes can have a big impact on your monthly budget and your long-term costs of ownership. Whether you are buying your very first home, moving to a new area, or considering an investment property, it is important to understand how these taxes are calculated. Knowing what to expect will help you avoid surprises and give you a clearer picture of what you can comfortably afford. Property Taxes ExplainedAt the most basic level, property taxes are based on two things, the assessed…