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The only way this would happen is if the property appreciates. At current property tax rate of 1.1%, a half-million dollar appreciation would result in $5500 y
by muzz 11y ago
The only way this would happen is if the property appreciates.
At current property tax rate of 1.1%, a half-million dollar appreciation would result in $5500 yr additional property tax.
I would gladly trade spots with those who have to uproot themselves because they've had such massive home price appreciation.