This is the first of many videos i will be posting. Enjoy it.
This is 2016 and it’s a brand new day. In this series, I share tips. On today’s episode, we are touching on property taxes.
So i am in the middle of looking for a home for someone in Sayreville. The average property taxes are some between $5,000 to $6,000 per year.
There was this particular nice house. Most of the houses in Sayreville are ok; pretty big and nice house. Generally speaking bigger properties have bigger taxes.
From what it looked like, this house was a $400,000 being sold for $300,000. Looking at this on face value that is a good deal right? You get to save $100,000.
But it’s not that simple. The property tax on this home is about $9,000 per year which is about 80% more than the average home in that area.
So which one is a better deal? Save $4,000 per year or save $100,000 on the mortgage loan amount needed. Watch the video for my insight on the matter.
See you next week.