In the USA, can you lose your home even after it is 100% paid off?
brianorca @ brianorca @lemmy.world Posts 0Comments 280Joined 2 yr. ago
brianorca @ brianorca @lemmy.world
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The property tax is based on the assessed value of the property. (Which can change over time, even if you bought it years ago.) And the tax ranges from 0.28% in Hawaii up to 2.49% in New Jersey. Most states are around 1%. There may also be local taxes from a county or city, which is typically a small fraction of the above.