Buying A Home And Options For Property Taxes

When you're buying a home, you have options for your property taxes...💰 to an extent. 

You can choose to pay them monthly or yearly, but when you are buying that first year, it might depend on what the sellers choose. 👀

If the sellers chose to pay them yearly, then you are going to owe them a lump sum as a return on property taxes for what they prepaid for the year. It can leave you with a few thousand dollars of unexpected expenses for your closing costs. 😵

It is a question that you can ask ahead of time so that you know whether or not the sellers have chosen yearly or monthly and whether you need to be prepared for an extra bill. 🧐