Tax vs Taxes
When crunching numbers to figure out if a deal is good or not, I find myself realizling that aside from property taxes, I have to factor in school & county/borugh taxes. This is probably why so many homes are still for sale for over 200 days. My father in law informed me that in the Philly area: the only tax you pay is property tax! I could't believe it. I'm now ditching my initial idea of buying & holding in the burbs to now looking into the city. Any thoughts on this?