May 23, 2008

Property taxes trip up naive homebuyers

By Marcie Geffner - Bankrate.com

Longtime homeowners may be willing to accept property taxes as an unavoidable fact of life, but homeownership newbies could be surprised or even shocked to discover just how costly these annual government assessments can be.

Homebuyers need to plan ahead for property taxes, which can easily amount to thousands of dollars each year. Yet it's not always easy to figure out how much to budget for this expense.

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http://www.bankrate.com/brm/news/mtg/20080508-property-tax-a1.asp?prodtype=mtg