Making home ownership even more unaffordable for the under 70? Giving wealthy older homeowners a big break? Nothing for older renters?
Let me guess, you’re over 70 and own your home.
In our areal, property taxes go down significantly once you hit 63 (I think).
Hubby and I are in our late 50s and pay 5 times more than those a few years older than us. We can take a little bit of a hit now, but we have younger families who moved in a few years ago and I don’t know this affects them.
Our taxes went up from last year over $3k. Our home “value” has tripled in 10 years but I seriously don’t think we could sell it for what they are assessing it at.
What a mess!
For SS, I am for a phased out system. At whatever point you are, you start paying less in with the understanding you are getting less out later. It would take a LOT of education and private retirements, but I’m guessing it will never happen because of all the folks who put in nothing 🙄