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Our property tax is right at $250/yr. It’s the home insurance that terrifies me, went from $1300/yr to $2300 last year, and I’m waiting get the new increase in
by jermaustin1 1y ago
Our property tax is right at $250/yr. It’s the home insurance that terrifies me, went from $1300/yr to $2300 last year, and I’m waiting get the new increase in August.
- SoftTalker 1y agoYep the escrow for taxes and insurance is the biggest part of my mortgate payment by far.
- giantg2 1y agoThat doesn't seem to add up. Even .5% on a $150k house should be 3x that tax. $2300 in insurance on a $150k house is outrageous.
- paulcole 1y agoYou seem to be familiar with the situation. What are the property tax laws and insurance risk where the commenter lives?
- giantg2 1y agoI'd like for them to explain it. The data I have shows .5% tax is one of the lowest values, with $2300 insurance being the national average for a $300k dwelling. Based on this data, the numbers don't add up. Maybe they can explain so we can learn.
- jermaustin1 1y agoRural Louisiana and a Homestead Exemption on a house that I bought for $85k.