Knowing all the information about building a new home is important because no one wants surprises when it comes to the finances.
One item often overlooked is the taxes. Total taxes on your new home include county, school and borough or township combined. Homes in your municipality have an assessed value that is used to calculate what your taxes will be. The amount of taxes varies from municipality to municipality. Find a few homes in your municipality that are similar to what you are planning on building and obtain the addresses. To figure an approximate amount of taxes, call your County Tax Assessment office and ask them for the total tax bill on the addresses of these homes. This information is public record and they will give this information freely.
By having the tax amounts on similar homes you can now gauge approximately what your yearly taxes may be. This will help you in planning your budget for your new home.