2.5 Months?
I’ll admit that I was suprised when I moved here from Illinois that my property taxes were pretty much just as high here. But 2.5 months?? Seems like you would have to be in a house way over your means.
I live in a 3,000 square foot house on a quarter acre lot built in 1997 in a nice but not ritzy subdivision. My property taxes are over $7,000/year which I must say I regard as outrageous. But then again if I made $2,800/month I wouldn’t have been able to afford the house to begin with.....so I don’t see how a person winds up in a house with taxes 2.5 times their monthly salary - unless of course they lose a job or something.
On the other hand I went from a 3% state income tax to a 0% state income tax, so all things considered I still came out way ahead.
Hank
It’s the old house I grew up in and we raised our kids in it. When we put it in our name it was well within our means and we’d planned on retiring in it. It’s a small house, less than half the size of yours and on a small lot. Friends with newer larger homes on acreage pay less tax. It’s all about location. Like I said 2 weeks of income covered the taxes at one time, however, taxes have skyrocketed so now it’s 2.5 months income. It’s now nearly 3 times what it was just ten years ago. This year it went up $750 from what is was last year. I can’t protest because I’m paying less than comparable properties. Another FReeper is in the same boat. Literally every other home nearby is up for sale because of the inflated tax issue rather than an income situation. Some are being turned into rentals to keep ahead while still on the market. The next door neighbors also had planned on retiring in their home next year but just yesterday said they’re being taxed out so may not can do so.