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Brad Barnard
Karl E. Kaebel Realtor
511 Elizabeth Street
Pekin, Illinois, 61554
Office: 309-241-0313
Cell: 309-241-0313
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Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
  % Down Payment
  % Interest Rate
    Mortgage Term (Years)
    Your Monthly Payment
$   Yearly Taxes?
$   Yearly Insurance?
    Total PITI
    How long will you own (typ. 7 yrs)
$   This is your rent over the period
$   This is mortgage over the period
property taxes - how they work | Print |

How do property taxes work?

Pekin Illinois Property taxes are what most homeowners in the United States pay for the privilege of owning a piece of real estate, on average 1.5 percent of the property's current market value. These annual local assessments by county or local authorities help pay for public services and are calculated using a variety of formulas.


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Last Updated ( Tuesday, 29 July 2008 )
 
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