Buying a House? Don’t Forget to Factor in Property Taxes!

You’ve found the dream house, the price is right and you are ready to purchase. Make sure you stop and consider additional expenses first. The cost of homeownership goes beyond just your mortgage payment. For instance, property taxes and flood insurance. In this article we are going to focus on property taxes. Did you know that Florida’s property taxes average 1.1% of a home’s assessed value? This tax helps support state and local government funding, since Florida doesn’t impose a personal income tax. It’s imperative that you discover how your property tax bill works. Once you understand how your property...