Home -- Hidden Costs

The 5 Hidden Costs of a New Home

School Taxes
The school systems in Texas are supported by property taxes. They should be part of your budget. Since Texas has no personal income tax, it can be a shock to new Texans.

City Taxes
All Texas cities collect property tax. Amounts vary from jurisdiction to jurisdiction.

County Taxes
All Texas counties collect property tax.

Other Taxes
Each county may have numerous other taxes, from hospital districts, to college, to flood control.

Private Mortgage Insurance
PMI may be part of your monthly cost. Your loan officer can help you determine the amount.

Contact Independent Mortgage Services, and our knowledgeable loan officers will help you find the perfect loan.