Property taxes are based upon the county tax assessment value not what you purchased the home for. After you purchase the home, when your 2013 tax assessment value is mailed to you for that year, you can use your HUD closing statement to help dispute your tax assessment value if it is higher than your purchase price. I suggest contacting your county tax office for more information.
Kristee Leonard, REALTORÂ®
Broker, GRI, SFR
Actually, this entire complex is non-warrantable and probably won't qualify for any kind of financing. Check with a VA lender to be sure, but I think that you will only be able to purchase a Tollgate condo with cash.... more
Joseph, if someone is employed as a W-2 employee that is not suspect at all as being an occupation where they will have non-reimbursed business expense deductions, they do not have to show tax returns. That is for people who are applying for a first time homebuyer program, someone who is self employed, relying on income that is not from a W-2, or if a large percentage of their income is bonus or commission. The average salaried borrower can provide W-2's only. However, what I said about the banks pulling a 4506 is another story.... more