Matt, The taxes I quoted was based on the posted taxes, 2006 $6037 based on a tax valuation of 436k. 220k is close to half, thus resetting the taxes to the new sale price, probably about 3600 or 300 a month, insurance being no more than 100 a month on a 220k property. On zillow it listed the taxes at 3000 in 2004, with a valuation of 175 for the first 9 months of the year and then jumped to 6000 for 2005 because it sold for 415k at the end of august 2004. I very much doubt the taxes would be 4800 a year for a 220k sales price, 3600 is a much better estimate, the 3k on 175 included 1750 for the 1% and the add ons that are mostly fixed per lot, adding 45k to the sales price should add 450 a year plus another 150 for the value based add ons, making 3600 damn close.
Nobody said you had to pay full price and even if it goes for that, there are so many more coming available with great prices that they wont be exeptional, but rather the norm, the original reason for this thread.
