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How much property tax do you pay every year after buying a house in the United States?
But in America, many young people with fixed income are keen on buying a house. For Americans, buying a house is more cost-effective than renting a house. People like to buy a house, because the federal, state and local governments in the United States have many laws and policies to encourage buying a house, providing tax-free and low-interest loans to buyers. The personal income tax in the United States is very heavy, but the American tax law stipulates that individuals can enjoy tax reduction and exemption because they pay bank interest on their monthly income from buying a house, while renting a house is not tax-free, that is to say, renting a house is subject to income tax, transaction tax, gift tax and inheritance tax.
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