A lot of people in Oregon want to buy a house.
But that doesn’t mean they’re going to get one.
The state, like many other states, requires a certain amount of property to be taxable, and it’s a steep one.
For the last two decades, that amount has ranged from $500,000 to $1 million.
So when people ask for a $150,000 house, they’re asking for something with a tax bill of at least $15 million.
That’s a big number.
But what it doesn’t tell you is how much tax you’ll pay.
It can range from as low as $1,000 a year in Oregon to $10,000 in Montana.
And if you don’t take the time to figure that out, you may end up paying taxes on much less.
We’ve rounded up some of the tax breaks that may not be on the books in your state.