General World News

When I bought a new house, I didn’t anticipate the biggest change to my budget: property taxes

couple painting house

  • My wife and I moved from California to New York in 2016 and bought a new house. I expected my property taxes to go up by a few thousand dollars, but I was in for a surprise.
  • After we tore down and rebuilt our home, our property taxes went from $10,000 in California to $20,000; I was prepared for an increase of about $4,000 when we moved.
  • Now, I tell prospective home buyers to anticipate rising property taxes if they’re planning to make any upgrades to their home, especially if adding square footage.
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    Source:: BusinessInsider.Com