Latin for "according to value," the term "ad valorem" is...

Whether you’re a first-time homebuyer or an experienced homeowner who’s been both the buyer and the seller, escrow accounts are things you need to be familiar with. Here are a few brief need-to-knows and reminders about escrow accounts to help you maneuver the home transaction process: What is an escrow account? An escrow account refers to an account,...

Property tax abatement programs can be helpful to homebuyers in several ways. While they can help you save money long-term, buying a property with a tax abatement can have potential downsides. Here are some key things about property tax abatements for buyers to consider: How property tax abatements work Property tax abatement programs are offered by some cities...

Property taxes are a major expense for most homeowners and would-be buyers, but property tax abatement programs can help. While not offered everywhere, many states, counties and cities offer abatement programs to alleviate this expense in several ways. Here is a short guide to property tax abatement to familiarize yourself with the basics: What does property tax abatement...