Quote:
Originally Posted by Zeke
The thing about a 1.1M home is the real estate taxes. Expect a tax bill for around 14K/ year. Doesn't matter if you pay all cash.
|
I now pay more than that for two small old houses.
That is after fighting tooth-and-nail a decade ago against the city Board of Review and then taking it further up to the Michigan Tax Tribunal.
Even had to hire a good expensive lawyer. Well worth it.
They did not seem to understand 'city law on record' or 'arms length transaction' or 'fair market value' for determining assesment.
This little city just approved a
billion dollar school bond. wtf.
If the OP just wants to plunk down a million dollars on a family house without any research, that is his choice.
Good luck.