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Property taxes basically don’t exceed 3% of home value. So, unless they’ve been behind for 30+ years... they’re going to come out ahead.
by bradlys 6y ago
Property taxes basically don’t exceed 3% of home value. So, unless they’ve been behind for 30+ years... they’re going to come out ahead.
- Cd00d 6y agoSorry, to clarify: where I live, let's say that 3% is roughly $2k per month. And, if you've continued to borrow against your home you'll still have mortgage payments. That can be unsustainable housing expenses in retirement for many people.