Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

You May Qualify for a 2021 Property Tax Exemption

Thursday, March 4, 2021
by Christie Cannon

Do to our Texas snowpocalypse, Texas was declared a disaster area by the Governor. This "disaster" could help you on your taxes with an exemption for those properties that were at least 15% damaged by the Texas storms.  

You must apply for this exemption within 105 days after the Governor declared it a disaster area.  The deadline for filing the 2021 application for exemption is May 28, 2021.  

 

Details and application information can be found through the Collin Central Appraisal District and Denton Central Appraisal District:

 

Collin County: https://www.collincad.org/files/press-releases/2021/WinterStormDamage11.35ExemptionPressRelease.pdf

 

Denton County: https://www.dentoncad.com/

Tarrant County : https://www.tad.org/

Dallas County: https://www.dallascad.org/

 

If you need guidance or assistance with anything please feel to reach out to our team, we are always here to assist!

972.215.7747

cannonteamhomes.com

 

 
Add Comment

Homestead Exemption

Wednesday, January 6, 2021
by Christie Cannon

Did you purchase a new home in 2020?  There is some great news!  With Tax Season upon us, you could qualify for a tax break called a Homestead Exemption! 

 

There are a few things you have to do and to make sure you qualify.  They are super simple and if you need help, one of our experts is always here to assist you!

Add Comment

How Property Taxes Can Impact Your Mortgage Payment

Monday, September 9, 2019
by Christie Cannon

How Property Taxes Can Impact Your Mortgage Payment

How Property Taxes Can Impact Your Mortgage Payment | MyKCM
 

When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area?

When applying for a mortgage, you’ll see one of two acronyms in your paperwork – P&I or PITI – depending on how you’re including your taxes in your mortgage payment.

P&I stands for Principal and Interest, and both are parts of your monthly mortgage payment that go toward paying off the loan you borrow. PITI stands for Principal, Interest, Taxes, and Insurance, and they’re all important factors to calculate when you want to determine exactly what the cost of your new home will be.

TaxRates.org defines property taxes as,

“A municipal tax levied by counties, cities, or special tax districts on most types of real estate - including homes, businesses, and parcels of land. The amount of property tax owed depends on the appraised fair market value of the property, as determined by the property tax assessor.”

This organization also provides a map showing annual property taxes by state (including the District of Columbia), from lowest to highest, as a percentage of median home value.How Property Taxes Can Impact Your Mortgage Payment | MyKCMThe top 5 states with the highest median property taxes are New Jersey, New Hampshire, Texas, Nebraska, and Wisconsin. The states with the lowest median property taxes are Louisiana, Hawaii, Alabama, and Delaware, followed by the District of Columbia.

Bottom Line

Depending on where you live, property taxes can have a big impact on your monthly payment. To make sure your estimated taxes will fall within your desired budget, let’s get together today to determine how the neighborhood or area you choose can make a difference in your overall costs when buying a home.

Add Comment

Displaying blog entries 1-3 of 3

Syndication

Categories

Archives

Share This Page

Contact Information

Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
5933 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 972-215-7748
Send an Email
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com

 

​