Tag: Property Taxes

Posted on 07/31/2023

Understanding the basics of property tax

New property owners might wonder, "Do you have to pay...

Homeownership Costs

Property Taxes

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Posted on 10/17/2022

What borrowers should know about PITI & property taxes

PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...

Home Value

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Posted on 05/30/2022

Understanding millage rate & other important tax terms

Millage rates are just one of the many specialized tax terms property owners are likely to encounter. While it's often used interchangeably to mean "tax rate," millage rates have some key differences. Here is a guide to understanding millage rates and a few other important pieces of property tax terminology: Millage rates Millage rate has nothing to do...

Ad Valorem

Levie

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