Property taxes are not the only taxes that go along with home ownership but most of them are disguised as fees.
Palm Coast, FL – August 19, 2010 – A new Seagate-built home in Indian Trails was recently purchased for $146,000. That’s $93.41 per square foot for this 3 bedroom and 2 bath home constructed on a traditional 10,000 square foot Palm Coast lot. Certainly the new homeowner knows how much their monthly mortgage payment will be. It will likely include an escrow amount to cover estimated property taxes and insurance. But they probably do not know how much of the cost of their new home went towards hidden taxes.
Parks Impact Fee – $1,230.83
School Board Impact Fee – $3,600.00
Transportation Impact Fee – $3,565.34
Water and Sewer hookup – $7,770.00