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To: mewzilla
"Hard to save for retirement if you’re paying four to five figures in property taxes...."

You must live in Texas!

Exactly what I've been saying. Texas has a big problem that's about to hit home. People can't afford their homes once they stop working even if they have no mortgage. Property taxes never end and even a modest home in Texas has some 6k plus per year in property tax.

51 posted on 03/06/2018 9:13:36 AM PST by precisionshootist
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To: precisionshootist

Upstate NYS. 4 to 5 figs on $150,000 to $200,000 homes around 2,000 sq ft. NOT Mcmansions. Many can’t sell them or have to sell at a loss because buyers can’t or don’t want to assume the prop tax burden. Deductible, mostly, but still, that’s money that could be saved for retirement and won’t be.


54 posted on 03/06/2018 9:19:12 AM PST by mewzilla (Has the FBI been spying on members of Congress?)
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To: precisionshootist

Prop 13 in California is one of the good things about living here.

I pay about $1,200 a year in property tax.


66 posted on 03/06/2018 9:31:25 AM PST by CIB-173RDABN (US out of the UN, UN out of the US)
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