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Post by papaof2 on May 20, 2022 20:29:29 GMT -6
I monitor the "fair market value" of the house not because we want to sell and move but because property taxes are based on a % of the "market value" of the house. If I track the house's value, I'll have an early warning of what this year's property taxes might be and you know that the County probably can't wait to re-assess :-( So far this year, the "fair market value" is up 9% from January and more than 50% from the number the County used last year - that's not a good thing where taxes are concerned...
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Post by papaof2 on May 21, 2022 12:06:01 GMT -6
Speak of the devil! This year's assessment was in today's mail. Positive that it's only up 18% from last year. The other positive is that 40-odd years ago we voted for a "No school taxes for residential property owners over age 65." Since the school portion of the tax is three times the rest of it (County Fire, County Bonds, etc.) our taxes are still under $900/year. As long as the book sales stay at their current level, that $900 is covered. Thank you readers!
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