| One of the reasons that my husband and I do not own | | | | landlords take care of when you rent from them. |
| our own home yet is because of property tax. Though | | | | When you buy a house, those things fall on you. |
| we live in a really great area that has some of the | | | | You might want to find out what your property tax |
| best schools in our state, the rate of tax is much | | | | might be before you buy something. Though this is a |
| higher than almost anywhere in the country. We do | | | | smart move, some dont do it, and they are shocked |
| not live in an urban area, so this is somewhat of a | | | | when they get their first tax bill. This can ruin the |
| mystery. We arent sure why it is, but people here are | | | | dream of home ownership for many. If yours are high |
| paying more tax on their property than they should be. | | | | like mine are, you may not be able to get the house |
| Perhaps that is why we have such good schools, I | | | | you think you can afford. You may have to go with |
| really dont know, but I do know that is why we dont | | | | something smaller so you can have a smaller monthly |
| own just yet. | | | | house payment. That might be the only way you can |
| Many people dont consider property tax when they | | | | afford your property tax. |
| decide they can afford to buy their own home. They | | | | If you cant pay your property tax, you should know |
| may think they can get a mortgage that is equivalent | | | | that you could very easily lose your house this way. If |
| to what they pay in rent. That might very well be true, | | | | you are having problems paying it, you have to talk to |
| but you can not forget about property tax when you | | | | your bank. They may be able to extend you more of |
| are deciding if you can afford the mortgage or not. | | | | a loan to cover it, but dont expect them to do that |
| There are many hidden things that come with home | | | | more than once or twice. Only do that if you have an |
| ownership, and that is just one. You are also going to | | | | emergency, and remember that its not free money, |
| have to make your own repairs, and you are going to | | | | you still have to pay it back. In many cases, the bank |
| buy your own appliances. These are things most | | | | wont help you with that, and you will be on your own. |