Local governments will periodically assess all the real estate they tax in order to figure out their Property Tax rate for a specific city, town, or community. When your new assessment comes in the mail, it will list information about your property, such as lot size and a legal description, as well as the assessed value of your house and land. Your property tax bill will usually be calculated by ...
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By in Reduce Your Taxes

The second biggest expense for homeowners, after the mortgage, is usually property taxes. With 30% to 60% percent of taxable property being over-assessed, there's a good chance you're paying more than your fair share in property taxes. Let Hudson View provide advice regarding various Property Tax reductions. Property taxes are based on the "fair market value" of your home - which is the amount ...
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By in Reduce Your Taxes

Real estate or property taxes generally consist of two components - the local tax rate and the value of your property. The tax rate is set by the local authority (i.e town, village, or city) and is generally the same for everyone. The appraised value of your property reflects the opinion of a local assessor, which may be inaccurate. Whenever these factors do not align, you can file various Propert...
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By in Reduce Your Taxes

Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. It is supplemental insurance that many lenders ask home buyers to purchase when the amount being loaned is more than 80% of the value of the home. Very often, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. T...
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By in Reduce Your Taxes