00:00There are many costs to factor in when buying a home.
00:06Among them, closing costs, HOA fees, maintenance and repairs, and property taxes.
00:12Insider broke down a lending tree list which showed how much homeowners are paying for
00:17property taxes in 50 of the nation's largest metropolitan areas.
00:21These are the top five.
00:22Phoenix, Arizona came in 5th with $1,769 as the average median property taxes paid
00:30on all homes.
00:31Louisville, Kentucky is at $1,765.
00:35Considering Memphis, Tennessee, their homeowners pay $1,672 in property taxes.
00:42New Orleans is just $1,506.
00:45The state of Alabama boasts a 2.5% unemployment rate, 6th in the nation.
00:51Birmingham has all the ingredients for making iron and steel, coal, iron ore, and limestone,
00:56found all within a 10-mile radius.
00:59And this city comes in with the lowest median property taxes of just $995.
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