Even if your entire house is paid off, you’ll still have to pay property taxes each month. To get an idea of what those bills will look like, check a home's listing on realtor.com® . Scroll down to the Payment Calculator section, and look on the line that says Property Tax. To get a more definitive picture, visit your city and county websites to find out the local property tax rates and whether a hike is imminent. You can also check with your real estate agent to get a copy of the current owner's tax bill. The cost of the policy will depend on the size and value of your home, your location, your deductible, and your coverage. Talk to your current insurer about the home and area you'll be moving to to get an accurate picture of your new insurance costs. You might need to add flood or earthquake coverage to your policy if those are real threats in your new neighborhood. We hate to break it to you, but things break.
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