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Taxes

Last updated 2026-08-01

HUD Housing Counselors Glossary

Updated 2026-08-01

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. Modules 1.1, 1.3, 2.1, 2.2, 4.1, 4.2, 5.1, 5.3

HUD Housing Counselors Glossary

pp. 22–24

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