November 2016

Nationwide, home values hit highs recently, topping their past record 10 years ago, although this doesn’t include the effects of inflation.  Still, this is progress and many millennials may be eager to purchase their own homes before price and interest rate increases make buying prohibitively expensive.  When looking at homes, review the property tax bill to see what the assessor valued the property.  Be aware that paying substantially more than the assessed value could very well mean an increase in your property taxes in the not-too-distant future!