Real Estate Tips From a New Homeowner

What To Know About Property Taxes

When tax season comes around, you may either be really excited about the possibility of getting a tax return or really stressed out about having to pay extra taxes. Traditionally, most Americans only have to pay income taxes, but if you realize that you are getting hit with some extra taxes as well, then you may be surprised to know that they are property taxes. 

What Are Property Taxes 

Property taxes are taxes that homeowners pay on the property that their home sits on, and they can fluctuate year after year depending on the market value of your home. The tricky thing about property taxes is that even if you own your house outright, you still have to pay them every year, and unless you are grandfathered in, they can continue to go up. 

Can You Fight Them? 

Technically, you can't really dispute a lot of taxes, but if you feel like your property taxes are through the roof or that they don't in fact represent your property, then you can ask to have someone come and do an adjustment. During an adjustment, an adjuster will take a look at your house and evaluate the land that it's on in order to determine if your taxes are in fact too high. The tricky thing with doing this, however, is that they may also come back and say that you owe even more than you initially did, which isn't a place that you want to be in. 

How Can You Pay Them? 

There are two ways that you can pay your property taxes: separately or lumped together with your mortgage payment. 

If you pay your taxes separately, then you will be getting hit with a bill every year or even every quarter. To help you pay for your property taxes, you can always hire a property tax service to help you pay them. If you need to get a payment plan, they can help arrange one for you so that your account doesn't go into delinquency. 

If you would rather not have to worry about getting hit with a lump sum of taxes every year, then you can just lump them into your mortgage payment so that you pay a little bit of taxes each and every month along with your house payment. 

To learn more about property taxes, reach out to a property tax service company in your area today. 

About Me

Real Estate Tips from a New Homeowner

While some people "wing it" when purchasing their first home, I went about the process differently. I put a lot of research into home market trends before even deciding where I would like my new home to be located and learned about all of the steps of the buying process. Once I was ready to start looking at homes, I hired a real estate agent who was very impressed with all the knowledge I had accumulated about the home-buying process before I even owned my first home! I love learning, so I actually greatly enjoyed learning all about real estate, and I am still keeping on top of the latest real estate news and trends since I know they will come in handy when I decide to upgrade into a larger home in the future. I decided to help others by sharing what I have learned on a blog!


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