Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Taxes

HUD Housing Counselors Glossary

Updated 10-31-2026

Taxes

Property taxes charged by the municipality in which your home is located. Proceeds pay for education, law enforcement, and other services. These are mandatory and typically cost 1% of the value annually, though the tax rate can vary depending on geographic region.

HUD Housing Counselors Glossary

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