You’ve found the house. The offer has been accepted. Inspections are underway, and everyone is looking forward to closing.Then the lender says the property doesn’t qualify for financing
A Quick Guide to Property Taxes for Homebuyers
Dated: January 6 2026
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A Quick Guide to Property Taxes for Homebuyers
🏡 Buying a home comes with more than just a mortgage—property taxes are a key cost that can catch buyers off guard if they’re not prepared.
Here’s a quick breakdown of how they’re calculated and paid:
📊 Assessed Value × Local Tax Rate = Your Annual Property Tax Bill
💸 Most buyers pay through their monthly mortgage escrow – but always double-check!
📅 Taxes are often paid in arrears, with sellers giving a credit at closing
🔍 Reassessments, home upgrades, and local budgets can all increase your bill
Before you buy, review the home’s tax history, check for upcoming changes, and confirm what’s included in your mortgage estimate.
Questions? As an Accredited Buyer’s Representative (ABR®), I can help you make sense of the numbers and help you avoid property tax surprises after closing.
Give me a call at 4063506114 or email me here.
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Shawn Cox-Mistretta
Shawn Cox-Mistretta is a third-generation Montanan and an experienced real estate professional with over 30 years of helping clients buy and sell homes. Born and raised in Lewistown, she grew up with ....
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