Quote:
Originally Posted by Botanicus
I'm a first time home buyer looking at a home in Powell and trying to find some information that I was hoping someone could help me with. I found the home near the riverbend area that I can afford, but a good portion of that will be related to Taxes. The dreaded T word!
I know how much the house had in taxes in the last year due to the county auditor but for the life of me I can't think of where to look for finding things like School taxes etc. I know its the Olengangy school district though.
Aside from the mortgage itself, and the normal property and school tax, are there any other taxes involved in owning a home?
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In addition to property taxes (which include school taxes), there could be a special assessment. This is probably unlikely in your area, but in our neighborhood (Clintonville) there was a special assessment for street lights. I think any proposed or pending assessments have to be disclosed, but a streetlight or sewer assessment could be a nasty surprise if your budget is tight. And generally special assessments are not tax deductible.
You could check the auditor's site to find the taxes and if there is a special assessment. The tax bill for 2008 should be available now. Sftong was kind enough to post the link!