government: Transfer taxes, real property taxes... Explained - 05/29/12 01:45 AM
"In this world nothing can be said to be certain, except death and taxes," Ben Franklin once famously said. Yet when it comes to taxes on real property – especially for first-time homebuyers – we find much uncertainty and confusion exists.
Homebuyers should expect to pay two main types of taxes on their homes, 1) transfer taxes are non-recurring and paid once at settlement and 2) real property taxes are recurring and paid semi-annually (when you pay depends on where you live).
Transfer Taxes Aside from the down payment, transfer taxes are often the single largest expense a homebuyer will pay at settlement. Transfer taxes … (2 comments)

 
Todd Ewing, Founder & CEO (Federal Title & Escrow Company)

Todd Ewing

Founder & CEO

Washington, DC

More about me…

Federal Title & Escrow Company

Address: 5335 Wisconsin Ave, NW , Suite 700, Washington, DC, 20015

Office: (202) 362-1500

Fax: (202) 362-5901

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