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In two years my property taxes increased ~$1,200/yr. Due to caps in tax appraisals this will continue marching up higher and higher every year even if housing v
by vel0city 3y ago
In two years my property taxes increased ~$1,200/yr. Due to caps in tax appraisals this will continue marching up higher and higher every year even if housing values stabilize, which they probably won't.
Sure my house increased in value more than the tax increases I'm currently paying, but its largely value I don't actually see and won't end up touching for a long, long time. I can't actually realize those gains until I effectively downsize the house. which is at least 20 years or so out. And who knows what my neighborhood's desirability will look like in 20 years, maybe it won't even keep up with housing inflation.
To me, day to day its just some number that keeps shooting higher and higher costing me more and more every year.