Quote:
Originally Posted by RyanD
So we figured it out this morning financially. For a 350k place here in Denver, property taxes will we around 1200 a year, same as if you were to buy place in Chicago for 175k. This is the catch. We can afford a mortgage comfortably with property tax and hoa in Chicago on a 175k condo. Can't even afford the base mortgage of an average Denver place. Yes it's more expensive on paper as far as percentages go, but it's more affordable because your base is cheaper.
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Property taxes on a $350k place in Denver will be $2,300. (Minimum, at 83 base mills in Denver, assuming you're not in any special taxing districts, 7.96% residential assessment ratio).
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