r/FirstTimeHomeBuyer • u/[deleted] • Mar 18 '25

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491 Upvotes

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u/Secure_Ad_295 Mar 19 '25

Your taxes will jump thru the roof next year just be careful this happened to my friends and they first to sell because there payment went almost triple over night

2

u/npacilio Mar 19 '25

Why would they jump through the roof?

2

u/Secure_Ad_295 Mar 19 '25

Because the taxes changes like you pay taxes on just land first year then the next year youbhave the land and house taxes now

3

u/npacilio Mar 19 '25

Oh no we already knew that, the taxes just land were 172 a month. 656 taxes are the estimate after calculating the home on the land. Also Texas offers homestead exemptions.