What is the annual fee for raising a house in America?

The property tax in different States in the United States is different, and the property tax in California is generally around 1.25%. The government will evaluate each house and then calculate the property tax according to the evaluated price.

Many non-professional investors in China have misunderstandings about property tax. In fact, according to 1%, the house price will double after you pay 100 years. In fact, after 100 years, the house price has risen by at least 10 times, and the property tax can be ignored.

At the same time, although there is no concept of property tax in China, it has only 70 years of property rights. If you spread the land cost of the house to 70 years, you may spend much more money than the property tax in the United States.

family insurance

When buying real estate in the United States, people usually buy home insurance. A 500,000-dollar house, about 300-500 dollars a year in home insurance. Because there are many earthquake disasters in California, earthquake insurance is added separately. Other States may have some natural disasters, such as tornadoes or floods. If you want to borrow money, the bank will lend it to you only if you buy insurance.

Property management fee

If you buy an apartment or apartment, there will generally be a HOA fee, which will be used for public expenses such as greening, mowing, sanitation, swimming pool, tennis court, garbage and water fee in the community. Some high-end detached houses also have property management fees. 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.

Total maintenance cost

Such as killing white mosquitoes, changing the roof (the roof life is generally 15-40 years), mowing and other maintenance costs.