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Can someone check these numbers?

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AppleJacks
Established Member

Re: Can someone check these numbers?

Your numbers look right to me as well.

 

I hope they give you a break at retirement.  I think after age 60 or 65 (I can't remember which) Alabama residents don't have to pay property tax.

 

For a $400,000 home in Tennessee property tax is only about $235.00 a month.

 

 

Message 11 of 16
playa1125
Established Member

Re: Can someone check these numbers?

My yearly tax bill is 1600 for 3200 sq ft
Message 12 of 16
tooleman694
Valued Contributor

Re: Can someone check these numbers?

I live in Texas, tax rate is 2.5 percent. 7500 a year on a 300k home.

Message 13 of 16
DFWsahd
Member

Re: Can someone check these numbers?

Texas also. You have to look at all the taxes in the state. Texas has no state income tax which beats any state with a state income tax and low property taxes

Message 14 of 16
aussiesareforever
Established Contributor

Re: Can someone check these numbers?

TN has no state income tax and pretty low property taxes. I was quoted $1600 annual taxes on a $225000 house I was going to buy.

BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($35,000) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($33,000)

Experian 835 Transunion 828-- August 2018
Message 15 of 16
mygoal750
Contributor

Re: Can someone check these numbers?

those numbers look pretty standard to me.  Just be sure they have the right amount for the tax escrow deposit to cover the next installment.  They're collecting 7 months, so the next installment would be due February, 2014, right?  7 months at closing plus 5 payments (Sept, Oct, Nov, Dec and January).  if you close 7/31/13, your first payment will be due 9/1/13. 

congratulations on your new home!  I have family in Downers Grove...I really like that "village", but the traffic around there is insane!  Enjoy your condo.

Message 16 of 16
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