If you want to calculate taxes yourself it's pretty straight forward, add up the total millage for both Summer & Winter, Divide the SEV by 1000 then Multiply the two numbers for your annual taxes.Tom A already linked the State calculator which makes life really easy, but it's still nice to know what the numbers all mean and how to manually calculate this stuff.

Well that makes me feel like i just wasted 4 hours of my life.

Does the cost have to be out of my pocket to depreciate it over its life?

That may or may not be a new build, likely not.The beauty of buying the existing older home is that your inspection will uncover needed repair items and life expectancies of your capital items.

And I guess learning thru books and hopefully later thru real life will make me better.As for my assumptions, yes I'm sounding a bit niave.

Get a Kindle or the Kindle app on your tablet and read like your life depends on it, because your financial life DOES.

Heck, if you're passionate about investing, working hard, and life in general, I'd like to connect with you regardless of where you're located.

Better to ask a dumb question and look dumb now than find myself looking dumb in a real life situation.

If you wait until everything is perfect, life will go by fast and you may be really old, like 30. :-) I wish you success!

I love my life right now.