- Joined
- May 17, 2014
- Messages
- 6,257
Could someone kindly explain property tax in the US for me?
I was told by a person on another forum that your property taxes are really high and it can be a killer to inherit property because of all the tax.
Do you pay tax on your homes? Is it a lot? Do you pay tax on investment properties? Is that a lot too?
I was under the impression that it was some huge amount and people resort to renting because they can't afford property tax but then how can anyone be a landlord then because again there will be taxes.
Hoping someone can satisfy my curiosity!
I was told by a person on another forum that your property taxes are really high and it can be a killer to inherit property because of all the tax.
Do you pay tax on your homes? Is it a lot? Do you pay tax on investment properties? Is that a lot too?
I was under the impression that it was some huge amount and people resort to renting because they can't afford property tax but then how can anyone be a landlord then because again there will be taxes.
Hoping someone can satisfy my curiosity!