Homeowners Can Pay Nearly $9,500 per Year in Hidden Costs, Zillow Finds

Hidden Home Costs FNL

Homeowners can expect to spend about $9,390 every year on costs associated with owning and caring for a home, according to an analysis by online real estate company Zillow and local services company Thumbtack. When it comes to buying a home, shoppers frequently focus on the sticker price or the monthly mortgage payments, but homeowners are also responsible…

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Property Taxes

Property Taxes

Single-Family Home Property Taxes Rose by 6 Percent Last Year Property taxes levied on single family homes in 2017 totaled $293.4 billion, up 6 percent from $277.7 billion in 2016 and an average of $3,399 per home, according to property database curator ATTOM Data Solutions. This averages out to an effective tax rate of 1.17 percent. The average property taxes…

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