Property taxes vary from state to state. Many homeowners with free and clear mortgages are having a difficult time affording their homes due to high property taxes. This holds especially true for seniors with fixed incomes. Moving To States With Low Property Taxes enables homebuyers to get more homes for their money.
Many homeowners in states with high property taxes are selling their properties and fleeing to states with lower property taxes. This holds true in Illinois, New York, New Jersey, California. These four states lead the nation in having high property taxes. Homes with high property taxes often will not appreciate.
Many Taxpayers From High Taxed States Are Fleeing To Lower Taxed States With Affordable Housing
New York is one of the top states that is facing a mass exodus of individual taxpayers and businesses due to its high taxes. Many are leaving to tax-friendly states with affordable housing.
This Article Is About How Underwriters Calculate Property Taxes On New Construction Homes Many home buyers are gravitating towards new construction homes offered by builders. The final property tax numbers will not be known until the community has been fully developed However, mortgage underwriters will need to determine a number when qualifying and underwriting the […]
This Article Is About Cook County Property Taxes Soaring To 20-Year Record High Cook County Property Taxes Soaring at historic record pace since 2000. Cook County is the largest county in Illinois It is also the most populous out of any county in Illinois Cook County covers the city of Chicago Lake and Cook County […]
This article covers VA Tax Exemption Mortgage Guidelines For Disabled Veterans VA Home Loans is hands down the best residential mortgage program in the United States. However, VA Loans are limited to retired and/or active members of the U.S. Military with an active Certificate of Eligibility Certificate of Eligibility is also referred to as COE […]
This BLOG On FHA Guidelines On Property Tax Prorations And Sellers Concessions Was UPDATED And PUBLISHED On June 1st, 2020 New FHA Guidelines On Property Tax Prorations And Sellers Concessions FHA Guidelines On Property Tax Prorations And Sellers Concessions were updated with HUD’s FHA 4000.1 Handbook which revised the older FHA 4001 Handbook New FHA […]
This ARTICLE On Illinois Home Values Decline Due To Rising Property Taxes Was PUBLISHED On December 7th, 2019 Illinois holds the second-place record for having the highest property taxes. New Jersey holds the throne as having the highest property tax rate in the Nation However, New Jersey’s property taxes have stabilized Many counties in Illinois […]
This ARTICLE On Chicago Expected To Hike Property Taxes Due To Budget Deficit Was PUBLISHED On December 5th, 2019 Chicago Expected To Hike Property Taxes due to the massive budget deficit. Chicago is now ranked as the highest taxed city in the United States Chicagoans can expect to pay close to 11% in local, county, […]