It seems so easy. The property taxes are listed right there in the city records! Our clients regularly check those records to get an idea of what their taxes will be when they purchase their new property or home. The trouble? Most real estate agents never even go over property taxes, let alone put a blinding STOP to clients trying to figure them out on their own. Eek! The taxes on the property you're purchasing are simply-put not the same as the taxes were for the previous owners. In some cases they're far more than what the previous owners were paying, depending on how long they'd been in the property and whether or not they rented it out. And to determine how you'll be taxed on your new property, you need an expert. With so many nuances involved in determining the taxes on your new home (and what a huge impact those property taxes could have on your monthly payment), it's imperative that you find a Realtor willing and able to lay it all out for you. At Round Table Realty, we're chalk full of real estate agents who understand taxes and who consult with each other about setting clients up for success.
Take Erica Jolles, for example!
Check out her latest video covering property taxes and how to save yourself the heartache of finding out the property taxes are what make your dream home unaffordable for you.