A Quick Guide to Property Taxes for Homebuyers

A Quick Guide to Property Taxes for Homebuyers 🏡
Buying a home is exciting—and understanding property taxes ahead of time can help you feel confident and prepared every step of the way.

Here’s a simple snapshot of how property taxes work:
📊 Assessed Value × Local Tax Rate = Annual Property Tax
💸 Many homeowners pay taxes monthly through their mortgage escrow (it’s always smart to confirm this)
📅 Property taxes are often paid in arrears, and sellers typically provide a credit at closing
🔍 Reassessments, home improvements, and local budget changes can impact future tax amounts

Before you make an offer, take a moment to review the property’s tax history, ask about potential changes, and verify what’s included in your loan estimate.

Have questions? As an Accredited Buyer’s Representative (ABR®), I’m here to help you understand the numbers, plan ahead, and avoid surprises after closing.

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