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  • See also: Real Estate Glossary

    • Property Tax

    Taxes payable to the county where the property is located. Taxes are usually paid on an annual basis and based on the county’s determined value of the property. Many counties will offer a homestead exemption, which is a reduction in taxes, if the real estate is your primary residence. Check with your local county tax assessor’s office for details.

    See also:
  • Payment
  • Payment Cap
  • Personal Liability
  • PITI
  • Planned Unit Development
  • Plat
  • Points
  • Possession
  • Power of sale
  • Prepaid
  • Prepayment Penalty
  • Prequalification
  • Principal
  • Private Mortgage Insurance
  • Property Tax
  • PUD
  • Purchase and Sale Agreement
    •  
  • See also: Real Estate Glossary

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