Question

giulianas non-mortgage costs
giuliana has recently purchased a home in a suburban neighborhood for $300,000. she is trying to budget for all the non - mortgage costs of owning her new home. here are the details of her annual expenses:
property taxes: 1.5% of the property value annually
homeowners insurance: $1,500 per year
hoa fees: $100 per month
utilities: $250 per month for electricity, $75 for water, and $100 for gas
maintenance and repairs: 1% of the property value budgeted annually for general upkeep
landscaping: $1,200 per year
pest control: $300 annually
how much does giuliana pay in property taxes each year?

Explanation:

Step1: Calculate property taxes

Property taxes are \(1.5\%\) of the property value of \(\$300,000\).

$$ 300000\times 0.015 $$

Step2: Compute the result

$$ 300000\times 0.015 = 4500 $$

Answer:

\(4500\)