A Real Example of How This Plays Out
Let us say you currently pay:
• $30k per year in taxes • That is $2,500 per month
If you move to a town where taxes are:
• $18k per year • That is $1,500 per month
You now have 1,000 dollars of monthly breathing room.
Depending on rates and loan products, that 1,000 dollars might translate into an extra:
• $150k to $200k in buying power
Or it might simply mean:
• Lower monthly payments • Less financial stress • More ability to save or invest
A Simplified Chart to Visualize Additional Buying Power
Please Note: These numbers are approximate. They depend on many factors including your credit score, interest rate, lender, loan type, debt to income ratio, and down payment. Add'l Buying Power Approx. ----------------------------------------------------------------------- $400 $60,000 to $72,000 $600 $90,000 to $110,000 Monthly Property Tax Savings
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