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Property Taxes: Where Americans are Paying Most

Appraisal Buzz

How much consumers pay in property taxes —often referred to as real estate taxes— varies significantly and can be influenced based on the home’s worth and location. Experts suggest homeowners in some metros can expect to shell out … The post Property Taxes: Where Americans are Paying Most appeared first on DSNews.

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Need a Property Tax Appeal?

D Fritz Appraisals

What to do When Your Property Tax Assessment Seems Too High. In early January each year, every home in British Columbia receives its property tax assessment notice through the mail from BC Assessment. Some property owners may be surprised and possibly even concerned with their home property assessment amount.

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FHA drafts guidance to expand financing on homes with ADUs

Housing Wire

The related financial obligations for HECM loans include property taxes, homeowner’s insurance and homeowner’s association fees, if applicable. Washington state’s Senate also recently passed a bill that would lift restrictions on the construction of “middle housing,” which refers to duplexes, fourplexes and ADUs.

Finance 373
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It hasn’t been this hard to buy an existing home in at least a decade

Housing Wire

As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market. Historically, California’s tax laws have incentivized homeowners to stay put by limiting property-tax increases. A more active market would have a rate closer to 40 or 50 for every 1,000 homes.

Inventory 331
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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.

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Why You Should Hire Professionals to Measure Your Home

Cleveland Appraisal Blog

They could verify if the area claimed for the county is accurate If you believe that the square footage they have on file for your home does not match the home’s actual size, you can check whether you are paying an excessive amount in property taxes. Basements are typically considered unfinished.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

Appraisal 302