Understanding Property Taxes Before You Buy

Understanding Property Taxes Before You Buy

Property taxes fund essential public services — but they also affect affordability.

How Property Taxes Are Calculated

They are based on:

  • Assessed property value

  • Municipal tax rates

Why They Matter

Higher taxes impact:

  • Monthly affordability

  • Long-term investment returns

Tips for Buyers

  • Research local tax trends

  • Ask about reassessment history

  • Budget for annual increases

An informed buyer is a confident buyer.

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