_____ are ongoing costs of home ownership.
A) Down payments
B) Closing costs
C) Property taxes
D) Sales taxes
E) Points

Question

Quizplus · Accepted Answer

Property taxes are ongoing costs of home ownership that homeowners are required to pay to their respective state or local government. The amount of property tax depends on the assessed value of the property and the tax rate set by the government. Other options listed are one-time costs associated with buying a home (down payment, closing costs, points) or taxes that may only be applicable in certain situations (sales taxes).

_____ Are Ongoing Costs of Home Ownership