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 What is the real reason people are not paying their mortgages? Why such an increase in delinquency & forclose?
Is it because people were not making enough money at the time of purchase to make future payments on the mortgage when rates adjust up? In essence expecting to make more money in the future to be ...


 Is this a good time to buy a house? 10 points for the best advise. Thank you?
Why and why not? Thank ...


 Why dont someone rent to people with bad credit, you still have to have a place to live?
...


 Put extra money on the mortgage or into uprgrades in the house?
We have a good chunk of money in a savings account and may need to sell our house within a year. What will get a better return on our money? Putting the money down on the principle of the mortgage ...


 Do buyers have to pay their realtor a commission or only the seller?
We are working with a realtor right now who has been showing us alot of houses. When we buy the house, do we have to pay him anything, or is he getting paid from the seller?...


 Can a landlord change the price of the rent with only giving a weeks notice?
My roommate's boyfriend moved in with us, however we did not add him to our lease. Our landlord's live next door to us and knew that he was living there. At the beginning of the month we ...


 Is it a good time to purchase a home?
I'm 24 years old, single, and no children. I am looking to purchase because I am tired of being in an apartment. Should I wait till the market gets better or is now a good time since it is a ...


 Does anyone have any unique closing gift ideas for realtors?
Looking for ideas $25 and under
Additional Details
I am referring to giving a closing gift to my ...


 Tenancy agreement ?what does this mean to you?
I have just recieved a bill for water rates but from what I understood in my tenacy agreement my landlord is liable,what does this section mean to you:-

Additional rent in respect of ...


 Contract was sign to sell our house. Photos were taken. After 1 week, it is not in the market. Please advice.?
It was signed August 7, 2007. By August 14, we tried to call the estate agents 3 times and they said, they will send somebody. Then, they called and sent a couple to view the house (Mr. & Mrs. R...


 Can i refuse to take work home with me?
if i work a 30hour week7.00am-13.00pm (contracted) can work get me to be on standby (this means taking a mobile home and work from home)from 6-11pm this means 11hours and then i still have to go to ...


 Should i have the home I'm purchasing inspected before I make my first offer?
I'm buying a new home and need to know if I should have it appraised before I make my first offer....


 Hi, I would like to sell my house by myself but doesn't have any exprience in that area. What to do?
House was built in 2005 and is in Lawrenceville, GA.
Very thankful for any help....


 If a dead tree falls over from the property next door, are they liable?
Ok so I am a college student subleasing a room in a house for the summer from a company. There is a parking lot behind the houses which all the tenants use. There is an adjacent property next door ...


 If you rent...........?
what is the rent on your home? how many bedrooms and what area do you live in?? do you think its to much or cheap?
Additional Details
i live in a 3 bed cottage (south england) £600 per ...


 What does it mean when the company that you pay your home mortgage files for bankruptcy?
I pay my home mortgage to American Home Mortgage and I just saw online today that they are filing for bankruptcy....


 Where would you move to?
Im considering moving to these areas but cant decide, San Diego CA, San Antonio TX, Fort Lauderdale FL, or Scottsdale AZ?? I eveantually want to by a house....


 My wife and i have been looking at a home (asking price 155000)?
this house has been on the market for145 days . we put in an offer at 145000 because most of the other homes in area sold for less the seller counterofferd back 153000 . can someone tell me what'...


 Is it against the law for the rental office to place an exposed late notice on your door?
Someone saw my late notice for rent and said that the late notice must be inside an envelope or at least presented in a way that is discreet and not so easy for anyone to read. Please advise....


 If I give a landlord a deposit to hold an apartment and decide 8 days later not to take it, can she keep money
My brother gave a landlord a $200. deposit to hold an apartment and 8 days later after the landlord dragged her feet doing a background check and credit check, I found another apt. She now says that ...



BW
If I buy a home that is constructed in 2008, Do I have to pay property taxes on it in 2008?
I remember when I was talking to a realtor about a new home, she mentioned something about only having to pay property taxes on the land for the first year since it's new construction. Is this true?
Additional Details
The home I am thinking of purchasing is in Houston, TX if that makes a difference.
                     
 




stanton7771
Rating
I don't think you do....


ab
You do have to pay them, but it won't be until 2009 because taxes are always a year behind. So in 2009 you'll be paying the taxes for 2008.


Beach Bum
Not entirely true, you have to pay a partial completion status tax on top of the land, which is still usually less than the value of the entire house. This is usually covered in your closing costs though.


acermill
Probably correct, since tax assessments are based upon the value of the property as of January 1 in most areas. Since you have nothing but land on January 1, the taxes will most probably cover the land only. Once the house is completed and valued as of January 1, 2009, you will get a full tax bill.

You might check your state statutes to see if this holds true in Texas.


hollywoodmelody
Here is an excellent site that explains Texas state law regarding property taxes......

http://www.hcad.org/


organbuilder272
It would be advisable to talk to the tax board in your town. That should be easy.

How would anyone here know what goes on in your town?

try a logical approach. the net is not the repository for all knowledge.


Dr. Deth
check with the local taxing authority


pissy_old_lady
Rating
Should be from the date of purchase to the end of the year...that is the way it is in Ontario.


isnrblogdotcalm
It depends on where the house is, what City, County etc.

Check with the taxing authority.

www.isnrblog.com


LADY AT THE LAKE
Rating
Your best option is to talk to the County Tax Assessor Office in Houston ,Texas; they are the experts in that area.


Jen
No you wouldn't have to pay property taxes because it is usually abated for the first couple of years.


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