Vanguard Realty Associates

Vanguard Realty Associates


What Goes into Property Taxes

Filed under Facts, Home Buyers on May 02,2018 | Tagged in: , ,

Every homeowner pays property taxes (also called real estate taxes). Whether these taxes are included as part of your mortgage payment, or you pay them separately, it’s often painfully obvious that property taxes represent a hefty percentage of your annual home-related expenses.  What’s not always so obvious is exactly what is covered by property taxes, and how those taxes are calculated for individual properties.  In general, your property taxes support the expenses of your state and local government.  The highest of these expenses is usually for education.  Other expenses may include public welfare, insurance, utilities, highways, hospitals and public services.  This article from Money-Zine does a good job of explaining it all. Because the cost of property taxes can vary so much depending on the area, it’s smart to consider them when you’re looking to buy a home.  Vanguard Realty Associates team members can help. Count on them to guide you in finding the right home, in the location that’s right for your budget.

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"I worked with Donna Brun for the past year to sell my home in Cold Point Manor. The real estate market has not be optimal for sellers. I have to share it was a pleasure to work with Donna. Her commitment and honesty were important to me. She cares about the work she does each day which I find so valuable and refreshing in business today. I would highly recommend Donna Brun to help you with your real estate needs." - Scott Passman

Scott Passman


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