American houses are cheap, but property taxes are expensive?

Specifically, in the United States, the basic taxes and fees that need to be paid each year are: property tax, property fee, and house insurance premium, which are different due to factors such as the location of the house and the type of house property rights. The following is a detailed description of each tax. Calculate how much it costs to keep a house in the United States every year.

I. Real estate tax

real estate tax

(attribute

tax

or

real

property

Tax) real estate tax, also known as property tax or local tax for short, is the general name of county tax, city tax and school district tax levied by local governments on real estate. Tax rates vary from state to state. In the United States, as long as you own a house, you have to pay real estate tax, which is usually 1-3% in the United States and almost 1.2-2.0% in California. Georgia is a relatively low tax area. Take Atlanta as an example, it is about 1% of real estate assessment every year.

Second, family insurance.

In California, generally speaking, the annual housing insurance premium for a house of 300,000 to 500,000 yuan is usually between 600 and 900 dollars. In California, because there are many earthquake disasters, earthquake insurance is added separately. Other States may have some natural disasters, such as tornadoes or floods. If you want your house to be guaranteed, you must buy home insurance. Many people don't buy insurance when they buy a house in China, and there is no concept of buying insurance. In fact, it is your choice whether to buy insurance or not, but if you want to borrow money, the bank will only lend you money if you buy insurance.

Three. Community fee (called property fee in China)

When buying a house (townhouse) in the city, there will be a community fee (called property fee in China), which is generally between 150 yuan and 350 yuan, depending on the number of public facilities in the community. Community fees usually include fire insurance, and each household does not have to buy it separately. Because houses are connected, if one family catches fire, others will be affected, so their fire risks are shared.

The property fee is mainly for the apartment. Generally, villas have no property and are built and maintained by themselves. The property fee is zero or only one or two hundred yuan a year. Developers need to pay special attention to the situation of building new villas, and property fees may be more expensive. The property cost of an apartment is about $3,000 to $5,000 a year. The older the apartment, the higher the maintenance cost and the more expensive the property fee.

Fourth, the maintenance of the courtyard.

In California, for example, mowing grass costs $50 to $60 a month. However, in the United States, more than half of families own their own lawn mowers. A lawn mower costs 200 yuan to get to 300 yuan. They mow their own grass to maintain the yard, exercise and save money. Most American residents choose to do it by themselves, unless they are very busy at work or there are no young people at home.