Property taxes are assessed annually and are typically between 1% and 3% of the value of your home and are assessed by the local government. There are many government relief programs available to those who are having trouble covering their property taxes. Often you can lock in your rates once you reach a certain age using these tax breaks. You can typically also deduct your property taxes against your income taxes.
For an idea of the current market value of your home, feel free to Request a free CMA analysis from Dawn Belisle.
