property taxes

Property tax. To most people, it is a mystery. Some people tell me they do not pay property tax. They simply do not realize it is part of their mortgage payment. Other people think they do not pay property tax because they rent their home or apartment. Of course, the landlord is paying the tax and adding it to the rent. A house valued at $300,000 pays about $2,000 per year in property tax. Only $500 of that goes to the City of Flagstaff. A commercial building also valued at $300,000 pays about … [Read more...] about What Your Property Taxes Cover