3 Home Expenses You May Be Surprised to Learn You Can Cut

3 Home Expenses You May Be Surprised to Learn You Can Cut

Your property taxes are calculated by taking your home's assessed value (usually the amount an assessor thinks it would sell for) and multiplying it by your local tax rate. You can't change the latter -- your tax rate is established by your municipality. Each year, you should get a notice of assessment from your municipality, and instructions on what to do if you disagree with that estimate.