Buyers of newly built homes can face a property tax surprise. Here's why
Publishing timestamp: 2024-04-09 15:18:21
Summary
First-time homeowners often face sticker shock on their mortgage payments after the first year of ownership, especially with newly built homes. Property taxes can change dramatically after purchase, leading to financial surprises for new owners. Experts recommend doing thorough research on property taxes and consulting with local loan officers before buying a new home.
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Keywords: economic events, business news, redfin corp, housing, mortgages, real estate, fuentes, tax planning, united states, new york, personal finance,
Source: https://www.cnbc.com/2024/04/09/why-new-build-homes-can-lead-to-a-property-tax-surprise.html