Like it or not, property taxes are a part of homeownership – and in some parts of the country, an expensive part, too. Your property tax bill is calculated by taking the assessed value of your home and multiplying it by the tax rate your town or city imposes. For example, if your local tax rate is 2%, and your home is assessed at a value of $300,000, it means you’re looking at an annual property tax bill of $6,000.

Read more: https://bit.ly/37dRDcw