Tag: Property Taxes

PITI, which is short for "principal, interest, taxes and insurance," is an essential term to know for anybody seeking a mortgage loan. The acronym refers to the relationship between these four numbers expressed in a ratio and can tell lenders about your financial status. Here is a breakdown of the term and why it matters to potential homeowners...

Insurance

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Posted on 06/13/2022

What is a supplemental tax bill?

If your property has increased or decreased in assessed value since your last tax payment, you might receive a supplemental tax bill. These are separate tax bills you need to pay in addition to your regular annual bill. If you're interested in learning more about how supplemental tax bills work, here is a short guide to the basics:...

Property Taxes

Supplemental Assessment

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Posted on 04/18/2022

Tax rolls & real estate

A tax roll, sometimes called an assessment roll, is a record of all the properties subject to taxes in a given area. These lists include detailed information about properties and associated taxes, including land and vehicles in some states. To better understand the relationship between tax rolls and real estate, here's the basic info to know: What information...

Assessment Rolls

Property Taxes

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Posted on 02/14/2022

Property tax abatement: Benefits & drawbacks for homebuyers

Property tax abatement programs can be helpful to homebuyers in several ways. While they can help you save money long-term, buying a property with a tax abatement can have potential downsides. Here are some key things about property tax abatements for buyers to consider: How property tax abatements work Property tax abatement programs are offered by some cities...

Property Tax Abatement

Property Taxes

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