Buyers of newly built homes can face a property tax surprise. Here’s why
PUBLISHED TUE, APR 9 20242:12 PM EDTUPDATED TUE, APR 9 20243:18 PM EDT
By: Ana Teresa Solá
It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense.
Almost 75% of recent homebuyers had regrets about their purchase, according to a 2023 survey from Real Estate Witch. Property taxes were the most common gripe, surprising 33% of new owners.
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