Of course you are looking at outliers and I feel like you’re right to the point that outliers like that should have special assessments or breaks.
Where I live, the taxes are pretty high for real estate, but if you are a senior citizen, you can get a discount where your tax rate is locked in at the value that it was when you retired.
I also have some acquaintances who inherited a house and at the time houses were very cheap but they didn’t pay the taxes and they were super upset that they were going to lose their house because they didn’t pay the taxes.
So now they’re bunking up and living in apartments and Scattered because they didn’t want to drum up the two or three thousand dollars a year in real estate taxes that they had to pay to keep an entire house.
Yeah and those laws are great for keeping people who want to age in place in their homes. Unfortunately they aren’t the norm. Usually it’s just a discount but it still goes up.
Of course you are looking at outliers and I feel like you’re right to the point that outliers like that should have special assessments or breaks.
Where I live, the taxes are pretty high for real estate, but if you are a senior citizen, you can get a discount where your tax rate is locked in at the value that it was when you retired.
I also have some acquaintances who inherited a house and at the time houses were very cheap but they didn’t pay the taxes and they were super upset that they were going to lose their house because they didn’t pay the taxes.
So now they’re bunking up and living in apartments and Scattered because they didn’t want to drum up the two or three thousand dollars a year in real estate taxes that they had to pay to keep an entire house.
Yeah and those laws are great for keeping people who want to age in place in their homes. Unfortunately they aren’t the norm. Usually it’s just a discount but it still goes up.