Tag: Property Taxes

Posted on 08/20/2024
Supplemental tax bill basics to know
A supplemental tax bill is separate from your annual tax...
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Posted on 11/21/2023
What is property tax deferment?
In real estate, a property tax deferment means a temporary...
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Posted on 12/27/2022
What property owners should know about tangible personal property taxes
What is the difference between property tax and tangible personal property tax? While property taxes are commonly understood as payments on your home or land, tangible personal property is a less common term used in real estate. Referring to physical objects other than the literal land or building, personal tangible property is important in commercial and rental businesses....
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Posted on 10/25/2022
Escrow accounts: 3 Quick basics to consider
Whether you’re a first-time homebuyer or an experienced homeowner who’s been both the buyer and the seller, escrow accounts are things you need to be familiar with. Here are a few brief need-to-knows and reminders about escrow accounts to help you maneuver the home transaction process: What is an escrow account? An escrow account refers to an account,...
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Posted on 05/31/2022
Understanding the relationship between 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:...
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