Real Cost of Owning a Home on Ono Island: 4 Case Scenarios
Posted by Meredith Folger Amon on
Understanding Property Taxes and Monthly Costs on Ono Island: 4 Real-World Scenarios
By Meredith Amon, Licensed in Alabama and Florida
"Guided by Integrity. Backed by Experience. Search the Gulf with Meredith Amon."
www.searchthegulf.com/ono-island/
One of the most common questions I get from buyers considering a home on Ono Island is: What are the true monthly costs of ownership? While Alabama’s property tax rates are among the lowest in the country, there are several variables—like construction type, waterfront location, and insurance status—that affect the total carrying cost.
Here are four real-world scenarios based on current market data to help illustrate what you can expect.
Scenario 1: Luxury Waterfront Estate on Old River
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