When Property Taxes Are Higher Than Your Mortgage Payment

Northern Virginia’s skyrocketing real estate prices are making property taxes a burden for owners of Habitat for Humanity homes.

Habitat for Humanity helps low-income households buy homes. In the hot metropolitan Washington, DC area housing market---where some homes have doubled or tripled in value in the last three years---Habitat provides an essential foothold for many families to buy a home. But while Habitat helps keep the price of housing down, property taxes are another question entirely. It’s not clear when tax relief will be in sight for homeowners.

Thanks to Deborah Myerson

Full Story: Burned by the Boom in N.Va. Real Estate

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