11/11/2021
"The “Need to Know” about real estate property taxes 👇
Property taxes are an annual tax that local municipalities collect each year, based on the assessed value of your property. These funds help pay for services that benefit the community, such as schools, roads, maintenance, etc.
First-time homeowners often forget to factor property taxes into the overall cost of their new home, which can come as a nasty shock at tax season. So let this be a reminder to all homeowners to calculate property taxes into your annual budget!
💰 BONUS TIP: If you own a rental property, your property taxes may be tax-deductible 💰
Have questions about the potential costs and benefits of investing in real estate?
Contact Phil Slezak to learn more
📲 (919) 607-4844