Knowing what to expect from property taxes, and what tax relief you can use, is an essential part of budgeting for home buying. The last thing you want is to be caught off-guard by a large tax bill you aren’t in a position to pay. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that property taxes are determined by the overall market value of your home, not by the price that you bought it for. Escrow accounts work like a forced savings account. The lender estimates the annual costs of property taxes and insurance and each month, you pay a portion (one-twelfth) of that cost into the account. Remember, tax exemptions can vary by state, so don’t bank on not paying for something unless you personally verify it. Check out below for what sold in The Townes at Liberty Park in May 2015:
27923 Hopkins Drive, Novi: 2 bedrooms, 2 bathrooms, 1,250 sq. feet, 1 car garage, Sold Price: $171,500
The Townes at Liberty Park Home Sold
May 2015
27914 Middleton Drive, Novi: 2 bedrooms, 2.1 bathrooms, 1,518 sq. feet, 2 car garage, Sold Price: $236,000
The Townes at Liberty Park Home Sold
May 2015
If you think your property assessment is too high, you have the right to appeal it. For more information on The Townes of Liberty Park, or similar Northville or Novi neighborhoods such as Lexington, Arrowon Pines and Northridge Villas, contact The DiMora Team today at 248-505-7728 of jim@dimora.com.