Real Estate Taxes
Property Taxes are a primary source of revenue for many local governments. They’re also a significant expense for homeowners, year in and year out. Even after you’ve paid off your mortgage, property taxes remain. That’s why it’s so important to understand your property tax bill. If you know how it’s calculated, you’ll have an idea of what your bill should be each year. Then you can budget accordingly, avoid ugly surprises and spot any costly errors on your bill.