Everything is bigger in Texas, including taxes.
July 7, 2012 9:58 PM Subscribe
Trying to make sense of our closing costs when purchasing a newly constructed home in Kaufman county (right outside of Dallas, TX) Mainly, property taxes.
We just finished building our new home last week, and our closing was supposed to be last Friday. Due to our wonderful lender going on vacation last week and his back up being unavailable, we were not able to close that day. Another issue we had was the whole tax situation. When we got our breakdown of costs, we had a ball park figure to run with, so we were prepared.
When we got to the title office, (now we live in Texas with really high property taxes) The breakdown that was given to us there was 6 THOUSAND dollars extra. I could see being 1-2k, but 6k?? She explained to us that because the property taxes for our county (Kaufman) were due in October, that we have to prepay for the entire next year. This is the first time we heard about this, and having bought another house in a different state before, we only had to front 3 months worth of taxes for escrow.
I know we are not going to be able to get a hold of anyone regarding this matter until Monday, so I am wondering if anyone out there has any insight or experience with this and if we just need to suck it up and have to find another 6,000 bucks or what?