Hidden taxes/fees in home buying?
Hi all. Thanks for taking the question. I’m moving from a VLCOL area and looking to buy. We were looking at south shore in Aurora. On the surface everything looked great, good house, safe area, within our budget and HOA fee was low too. Digging further however, property taxes plus metro district fee seem crazy high - roughly 1.2% of the home value. Is this the norm around the entire Denver area? Any insights into the southshore area would also be appreciated.
I say “hidden” because the Zillow listings showed property tax to be roughly 0.7% but the listings don’t show the metro district fee which adds on approx another 0.5%. Real estate agents are almost coy about these fees and only mention them in the later phase of home buying or if prodded further. Their opening tagline is always “Very low HOA fee, that’s awesome!” in order to drag you in. Almost disingenuous if you ask me.
Thank you again