By Admin on Jan 31, 2009 in Other - Taxes
Denise asked:
I want to buy a house without a mortgage, just own the entire property, then are taxes still required? I haven’t found enough information on google on it. there must be some questions about it. 2,000$ / month is extremely a lot of money to tax for my own private home.?!?!
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I want to buy a house without a mortgage, just own the entire property, then are taxes still required? I haven’t found enough information on google on it. there must be some questions about it. 2,000$ / month is extremely a lot of money to tax for my own private home.?!?!
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Yes, you will have to pay property tax and insurance. That is high but it depends on the countys assesed value of the home and your state.
Taxes are paid every 6 months when you own your home free and clear by the way. I am sure it is 2000 every 6 months.
jennifersimpson422 | Feb 1, 2009 | Reply
Yes, you will still need to pay property taxes.
I own my home free and clear (with no mortgage), and I still have to pay property taxes.
Wednesday | Feb 4, 2009 | Reply
Yes, property taxes are “permanent” and must be paid every year. The county tax assessor’s office can give you an idea of the tax amount. Where did you come up with $2,000 per month?
src50 | Feb 7, 2009 | Reply