Northwest Suburbs of Chicago

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HOW DO PROPERTY TAXES EFFECT YOUR MONTHLY PAYMENT?

Property taxes can vary greatly from one city, township or village to another. It is necessary to calculate the taxes on every single home that a buyer considers in order to know how they will impact the home payment. Basically, however, if property taxes are $1200 per year it would add $100 per month to a house payment. If they are $12000 per year, it would add $1000 per month to a house payment. Each house will have it’s own taxable value to be considered.

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