8. Consider Property Taxes When Buying a Home
When buying a new home, consider the property tax rate in that area. Property tax rates can vary significantly between states and even neighboring cities.
What to Do: Research the property tax rates in areas you are considering moving to. For instance, Hawaii has one of the lowest property tax rates in the U.S., while New Jersey has one of the highest.
Action: A home buyer should include the cost of property taxes in their calculations; relocating to an area with lower property taxes could mean cost savings.
Hi there! I am Sudip Sengupta, the face behind “Tfin Career”. Tfin Career is a sole proprietorship finance and consulting firm that makes complex tax and financial concepts easy to understand for everyone. With more than 21 years of experience in the field, I have noticed that people cannot make the right decisions in this field. So, I decided to create “Tfin Career” to help individuals and businesses alike. Here I urge those who are confused to make better choices. Also, it is good news for my dear clients and every visitor that I/we are going to start a training module for those who want to choose a career path in Finance and Taxation. Just follow my website.
Thank you for reading this post, don't forget to subscribe!