PITI is an acronym for principal, interest, taxes and insurance. In real estate, it’s used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ...
Continue ReadingPhoto by Tirachard Kumtanom from Pexels Homeowners typically want to tackle renovation projects that will benefit them in multiple ways. Ideally there should be a healthy mix of aesthetically pleasing upgrades that also help reduce utility costs. The following rank among the energy efficient home renovation projects that can save ...
Continue ReadingAd valorem is a Latin term meaning “according to value.” In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax ...
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