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In reply to the discussion: Are property taxes stopping many from home ownership [View all]TexasMommaWithAHat
(3,212 posts)9. I think the elderly should get significant property tax exemptions
under a certain income threshold.
How do you live on a fixed income if your property taxes keep going up? Your house didn't suddenly get bigger or fancier. Imo, property taxes are one reason why granny - who certainly doesn't seem "poor" - can't afford her medication copays and keeps the thermostat set at fifty degrees in the winter.
Sadly, most elderly will do anything to remain independent and living in their own home for as long as possible.
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Taxes are how govt pays for things. Figure out where else the money can come from before...
Hekate
Oct 2014
#1
Agreed. I am not anti-tax, believe me. The other thing that suffered here was schools
Hekate
Oct 2014
#83
Prop 13 is actually the reason CA's real estate market is not stable, why you bubbled so hard
Bluenorthwest
Oct 2014
#116
Prop. 13 was a result of municipalities aggressively reassessing properties at inflated values
Sen. Walter Sobchak
Oct 2014
#131
I live in a very high property tax area...Over 5000 per year for 1600 sq ft home on small lot.
The empressof all
Oct 2014
#2
Not sure where that poster lives but I live in CT and, yes, taxes are outrageous.
bigwillq
Oct 2014
#14
NY. South shore of Nassau County, Long Island four miles from the Queens line.
meaculpa2011
Oct 2014
#17
My town told me 78% of my taxes are for school taxes , do you get two bills or is it lumped together
scarystuffyo
Oct 2014
#12
Many states and cities have tax relief programs for the elderly , disabled, and disabled veterans.
Lars39
Oct 2014
#20
Yes, at least we're spared sales tax and income tax. OTOH, since my wife and I don't cook much...
Silent3
Oct 2014
#79
No, The student loan problem is the biggest mortgage problem and the new social norms
CK_John
Oct 2014
#29
I knowa couple of people if that happened here it could mean losing their homes
scarystuffyo
Oct 2014
#65
Here in Orange County, NC, realtors advertise houses with Chapel Hill schools but no CH taxes.
mnhtnbb
Oct 2014
#40
Raise top rax rate to 90% where it belongs fed, raise state income tax rate accordingly
randys1
Oct 2014
#52
Wow, that's rotten luck. Hope the economy where you are turns around soon and takes
KingCharlemagne
Oct 2014
#87
My wife and I always said to each other that we were buying a place to live and not a
KingCharlemagne
Oct 2014
#98
They work out to just over $100/mo and the assessed value is arguably too high.
LeftyMom
Oct 2014
#80
In California (2 BR Condo). About $250/month for us. I feel it is too high, b/c
KingCharlemagne
Oct 2014
#93
I can't speak for others, but it is my one fear, as a relatively new widow age 64.
WinkyDink
Oct 2014
#129