Tag Archives: PropertyTaxes

What Could Cause My Property Taxes to Go Up?

Did you know that property taxes are one of the most overlooked expenses when it comes to owning a home? This tax can really put a dent in your finances, especially if your neighborhood has a high property tax rate. However, what you do as a homeowner could also make the taxes on your home go up or down. How Are You Affecting Your Property Taxes? Property tax codes are numerous and complicated. It’s estimated that there are around 80,000 pages worth of federal property tax code, and each town and county have their own special codes to be followed. That means almost anything could make your property taxes go up, but here are a few things that are more likely to do that than others. Adding an Expansion– One of the big factors in increasing your property taxes is increasing your property value. Adding an expansion to your home…
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