The cost of maintaining real estate in the United States strongly depends on the state, city and even the county in which the house is located.
But in any case, utility bills, annual taxes, insurance pull a very decent amount. About how much you will have to pay for housing and spend on living, what income you can count on, what are the features of servicing, renting and selling a house, read our article.
When buying real estate in America, the country of residence of the owner does not matter much – annual taxes on real estate and rental income are calculated according to the same formula. Small differences appear only when selling expensive investment property that was not used as the main housing.
Every property owner in the United States is required to pay property tax once a year, which on average amounts to 1-2% of the property value. This money goes to the maintenance of the local municipality: schools, kindergartens, libraries, fire and police stations, emergency departments. Also, thanks to this tax, roads and highways are in working condition, parks are well–groomed and green, recreation areas are always cleaned.The better developed the infrastructure, the higher the tax, because the rates vary not only in different states, but also in different cities and even districts.