It depends on your county's tax rate, for example 2%

It has nothing to do with your mortgage. It has eveything to do with assessed value of your house by the county. If the county assessed that your house is worth 1 million, and its tax rate is 2%, then, every year you must pay 20000 to the county, that's a big bite. That's why many people after retirement moves to low tax state like Delaware to save tax.

Home owner's insurance is quoted by insurance company. You need to ask them.

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• thanks, the property tax is tax deductable, am I right? -handblade- ♂ (0 bytes) () 04/30/2008 postreply 13:54:58

• Right -miat42- ♂ (0 bytes) () 04/30/2008 postreply 14:06:59

• It depends. -CaLoanAgent- ♂ (388 bytes) () 04/30/2008 postreply 16:05:50

• Not if you have to pay AMT -mm48- ♂ (0 bytes) () 04/30/2008 postreply 17:21:59