if I buy a house in Houston How much property taxes should i expect to pay?
I read houses are cheap in Houston but be ready to pay high propterty taxes from the answer/yahoo. here an ideal I am single no children and my mother would buy the house and rent the house to me. it probably not going ot make much difference than San Francisco, California high sky rocket prices on homes are crazy. My mom currently renting a condo to me in Concord, California. payment total $1,800 $1000 a month on house payment, $250 a month home ownder insurances and taxes and $300 HOA maintence fee for living in the condo and we were force to $20,000 for a new roof on our condon and that we are paying $300 a month but luckly no interest charge because my grandma paid for it. but this time i want a house no a condo. thank you for your help Matt
Related posts:
- What happens if you buy a house up for taxes and there is someone living in it? Ok, here’s the situation. My fiance and I are looking to buy a house that is up for deliquent taxes. The only problem is there are people living in the...
- 11.1 Million Net Worth Inheritance. Do I have to pay taxes? What Do I Do With My Parent’s Inheritance? Three months ago, both my parents and 12 year old little sister were killed in a car crash. Mom and Dad left...
- Is it better to rent or own a home? Please give me a quality answer? We have been searching this topic for some time. We live in Southern california. We can get small 2 bdr 2 bath condo for about 350 – 450k. Pay mortage,...
- How are rents in New Jersey so small compared to the high taxes and to the high property prices? A rented townhouse in the same complex was recently put on the market for 365K, the rent for that unit was $2100/month. My math says there is no way the...
- Besides property taxes what other taxes are homeowners that rent their property for income have to pay? I’m thinking about buying a small apartment complex. The income would be around $300,000 a year after property taxes. I know I would have to pay property taxes, but would...
Tags: Buy A House, Grandma, Mom
buy property | , 29 Nov 09
By sarah_dtv, December 2, 2009 @ 11:36 am
Property taxes are very high because we have no state income tax, so the majority of the state’s revenue comes from property taxes.
It depends on the area, but expect to pay like 3%. We had a small townhouse, and our mortgage (and other fee) payment was only $650 a month, but the property tax was $280/month (house valued at $110K). Gross.
By leeroy w, December 5, 2009 @ 8:42 pm
depend on your credit
By bostonianinmo, December 8, 2009 @ 12:56 pm
TX property taxes are very high — far higher than in CA — because there is no income tax in TX. Typically you’ll pay between 3% and 4% of the FMV every year, especially in the major cities like DFW, Houston, San Antonio, etc. So, a $200,000 home will run you between $6,000 and $8,000 per year for property taxes, or between $500 and $666 a month in most cases.
By William K, December 9, 2009 @ 2:51 am
In greater Houston it is between 2.95 and 3.10% of your home’s valuation. Figure 3 percent. I doubt sincerely you’ll pay four percent anywhere in state.
So, figure $250 a month tax for a $100,000 home.
The note on a $100,000 home (assuming no downpayment) will be $600 a month, assuming a 30 year mortgage at 6%. $665 a month for 7%, $733 for 8%, and $804 for 9%.
Houses are far less expensive than in California. Figure a third to two-fifths for like homes in like neighborhoods.
Homeowner’s insurance shoudn’t be more than $150 a month for a $100,000 home, and it depends on location.
So, you’re in a $100,000 house for a minimum of $1000 a month plus utilities. $1205 tops. Scale up arithmetically if you pay more. Mind you, this is based on FINANCING $100,000.