Do I have to wait 4 years to get a house!?!? |
| Me and my boyfriend just moved to Baltimore, MD and got our own apartment. We are both only 21. I lived with my parents my whole life (they live in PA, but work in Baltimore) My dad got my boyfriend ... |
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Landlords, please help....? Un-cooperative tenants....? |
| My parents own 3 houses that they rent out to people. They have done this for about 6 years. This is the first time they are having problems with a tenant. They don't pay their rent until they ... |
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Whose job is it to find a new roommate? |
I'm moving out and giving a 30-day notice as required by the lease. My roommate thinks it's my job to find someone else to move in - I think it's hers. Who is right? Additional D... |
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Is it possible for someone to fake a job to get a mortgage? |
| Say they didn't have a job but found the perfect apartment/house, then got a friend who owned their own business to pretend that person had been working for them for 3 - 5 months for the bank to ... |
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I am calling up 100 sellers a day? |
| and only seem to be getting about one to two lease to purchase contracts that they want to consider. The l2p course says i should be getting at least 40-50% to accept them. Is there possibly ... |
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Is $15 000 enough for a down payment on say a $210 000 home? testing waters...? |
| Im not exactly knowledgable on home buying yet (im 22) but I've got some money saved up now and I want to buy a house as soon as possible. is $15 000 enough for a down payment? If not, what ... |
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Preapproved for a home loan question??? |
| My husband and I have been preapproved for a home loan and they just asked for out checking statements for the last 2 months but we have spent so much money in the last few months there is not ... |
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My landlord wants us to be away from the flat for 4 hours? |
| My landlord has given us 24 hours notice, by text message, that he wants us away from the house for 4 hours as he has a mortgage assesser round. We have just renewed our contract and its a new home, ... |
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Can I deny my landlord rent due to conditions in my apartment? |
| I live in a townhouse apartment. On the main level there is a bathroom, which sits directly below an upstairs bathroom. The tenants last year had a leak upstairs which they failed to report, so in ... |
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Should I refinance my house in this situation? |
| We bought the house a year ago and the APR is currently 6.75 (30 year, fixed). We owe around $172000 (not counting the home equity line, 21K). I was just looking at Quicken loans and saw tone of ... |
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How low can I go when making an offer on a home? |
| The house is in Georgetown, Indiana listed by a realtor. I'm not going through the listing agent though. I've got a buyers agent I've been working with. It's a new construction ... |
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Do I have to have an inspection done on my brand new condo? |
| My offer was accepted on a brand new condo... my real estate agent said I needed to get a home inspection within the next ten days, supposedly it's mandatory???! but wouldn't the condo'... |
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We're having issues with or landlord and mold? help please!!? |
| OK, here goes. Last year or so, we had a leak in the bathroom from the tub not draining properly, carpet in the kids room got soaked and we ripped out the padding, floated the carpet to dry it. Then ... |
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When "flipping" a house what are the tax consequences? |
| What can be written off and how does it affect personal income tax. Also is capital gains involved?... |
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What do you think about REALTORS? |
| What has been your experience? The reason I'm posting this question is that I have seen some people on here speaking in not so kind words when it comes to Realtors. Some of it comes from so-... |
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Patricia A | I am purchasing a foreclosed home and I am trying to figure out what the property taxes will be. Help!? |
Ok, so on zillow.com is says the property is appraised at $125k-149k but I am only paying $84k for the house. I am waiting on my appraisal from the mortgage company. Is this appraisal used to determine what my property taxes will be? The house listing says the annual taxes are $3600/year. My question is how are the taxes calculated? |
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dino F
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Taxes are calculated by the property appraiser's value. |
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golferwhoworks
 |
the county tax office sets the rates and it is not based on sales price. But if it appraises for less than the county has it appraised at then you can submit the appraisal for their help in lowering the taxes. |
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motivation
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go to your countys website. look up property taxes.
call your county courthouse if necessary.
its prob calculated by zoning. depends where the property is and whats its classified as (rural/urban/commercial) |
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src50
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It is NOT based on purchase price or the lender's appraisal. It is based on the tax assessment. Call the county tax assessor's office. |
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Sam
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You could find out on line or call the municipality. You may need to know the block number and lot number. |
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Suzi
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Go to the Central Appraisal District website for the County where the property is located, and the school district to see the property value history and current tax rates. The appraisal determines the market value of the property, loan to value ratio for your loan.
The annual tax amount of $3600 is probably the taxes without any type of homestead exemptions. That is a good high estimate to use. If this property will be your homestead, then you would qualify for exemptions that will lower that amount. |
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Liz Lam
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they're based on the propery appraisal it has nothing to do with what you pay for it
my house is appraised as 325, we bought it at 270, but our taxes are based on the 325 because that is what they town values the property as |
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Devyn B
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just based on location. They should be the same as your neighbors |
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Prophet 1102
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Contact your county clerk's office for an exact answer for your location. Some locations also use the sales price (such as California), some use an appraised value.
Find the "mil rate" for your community. Based on what they're paying, sounds like a rate of about 0.025 to 0.029
So if it's taxed at $84,000 then about $2,419 a year would go to taxes. |
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