Me and my husband want to buy an apartment or house in miami. We have a budget of 200,000. But i'm trying to factor in property tax and i'm confused.
So if we buy a 200K flat, we get taxed on the 200K. But if miami prices go up the following year and my flat is worth 300K, do I have to pay taxes on 300K. What if I can't afford it? Do I loose my house to the government tho I can totally afford the mortgage.
Does the tax bill change every year??? That can't be right. how do you keep track of your money if you haven't a clue what your tax bills are.
2007-12-28
07:33:10
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2 answers
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asked by
jennifer_santolla
2