What You Need to Know About Property Taxes
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If you are a financially-savvy homebuyer, you probably have a budget and an appropriate price range for your home. Beyond the actual price of the home, however, there are other regular costs. One thing many buyers forget about is property taxes. Property taxes can add a significant amount to your monthly costs, so they’re important to remember. Here are some things to know about property taxes.
How much are property taxes?
The rate of property taxes differs from state to state, and even from town to town. In St. George, the property tax rate is approximately 1% of your property’s value. Property value is calculated using the market value of your land and the market value of your home. The value is assessed annually so your property tax can…
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