What is this new assessment, and $4,755 annual tax? Does anyone really ever own a home? A car? Isn't this all a mirage? A scam? I feel cheated. And the rate goes up every 2 years!
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2007-09-17 00:27:25 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Don't get down about taxes and insurance, now you don't have to pay the mortgage payment, taxes and insurance.
You have to see the brighter side of things. Congratulations, that is a great accomplishment in life. Pat yourself on the back.
2007-09-17 00:45:50 · answer #1 · answered by 3030gal 3 · 0⤊ 0⤋
Even though you have no mortgage on your home, you do owe property taxes every year. A new assessment means they have ajusted the rates and taxes and this is your bill. Most state require payment at two different times of the year. Just read the tax assessment. It will tell you.
2007-09-17 07:34:54 · answer #2 · answered by Alterfemego 7 · 0⤊ 0⤋
Congratulations on owning your home.
Unfortunately, the taxes on the home (and insurance) will go up almost yearly.
You probably had an escrow with your lender and they paid the taxes and insurance. Now that you own it, put aside enough money to cover the taxes and insurance every year.
2007-09-17 07:34:39 · answer #3 · answered by mister_galager 5 · 0⤊ 0⤋
Congratulations. Your only consolation: if you were renting the house, the rent would cost you more than the taxes.
I paid my home off in four years. I made an effort to put the amount of the monthly payments into savings and investments. The net worth grows quickly.
2007-09-17 07:35:05 · answer #4 · answered by regerugged 7 · 0⤊ 0⤋