When you buy a house, don't assume you'll pay the same property taxes as the current owner. Property taxes are capped during an owner's tenure, but when you buy, the taxable value resets to the current market price, which can mean a much higher bill.
Most buyers look at the current property taxes and assume that's what I'll be paying. They look at what the current owner is paying and assume that's what they'll be paying. And that's almost always wrong. Property taxes are capped while someone owns the property. When the property sells, the taxable value resets to the market value, and this is called uncapping.
