Tag: Property Taxes

Posted on 02/18/2024
What is PITI? Understanding your financial situation
PITI, which is short for "principal, interest, taxes and...
Insurance
Interest
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Posted on 02/19/2023
Ad valorem tax: What it is & how to calculate it
Latin for "according to value," the term "ad valorem" is...
Ad Valorem
Appraisal Value
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Posted on 12/25/2022
A homeowner's guide to tax rolls
Tax roll is a term you may have encountered when figuring out your property taxes. But what exactly is a tax roll, and why does it matter to the average homeowner? If you're wondering how this term factors in to your situation and real estate overall, here is a short guide to help: What are tax rolls? A...
Assessment Rolls
Property Taxes
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Posted on 10/23/2022
Supplemental tax bill: Understanding the basics
If your property has increased or decreased in assessed value since your last tax payment, you might receive a supplemental tax bill. These are separate tax bills you need to pay in addition to your regular annual bill. If you're interested in learning more about how supplemental tax bills work, here is a short guide to the basics:...
Property Taxes
Supplemental Assessment
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Posted on 08/28/2022
Tax term basics: Millage rate and more
Millage rates are just one of the many specialized tax terms property owners are likely to encounter. While it's often used interchangeably to mean "tax rate," millage rates have some key differences. Here is a guide to understanding millage rates and a few other important pieces of property tax terminology: Millage rates Millage rate has nothing to do...
Ad Valorem
Levie
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Posted on 07/17/2022
3 Things to remember about your escrow account
Whether you’re a first-time homebuyer or an experienced homeowner who’s been both the buyer and the seller, escrow accounts are things you need to be familiar with. Here are a few brief need-to-knows and reminders about escrow accounts to help you maneuver the home transaction process: What is an escrow account? An escrow account refers to an account,...
Escrow
Escrow Account
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