Understanding Property Taxes
Property taxes help fund local services such as schools and infrastructure. They are an ongoing cost of homeownership.
How Property Taxes Are Calculated
Property taxes are based on the assessed value of the home and local tax rates. Amounts can change over time.
How Property Taxes Are Paid
Some homeowners pay taxes directly, while others pay through an escrow account.
Understanding how your taxes are handled helps with budgeting.
Planning for Changes
Property tax amounts may increase over time. Planning ahead helps avoid surprises.
Explore more guides in the Learn Hub section or try the Home Readiness Check™ to see how prepared you are for buying a home.