I just got my annual notice for my property tax on my house. I had to read it several times to be sure I understood because I didn't believe it at first. It had dropped over 50%!
I checked it against last year's bill and they property value they put on my house also dropped by over half so it made sense to me. While this is not a good thing if I were wanting to sell my house I am not concerned. I will be living here a while and eventually keep it as a rental property.
This is great news since it reduces the amount I have to dedicate each month to paying the property taxes. Since I have been over saving the past 6 months I moved the surplus funds into other savings goals.
It is nice to get a tax bill in the mail well below what you expect. Doesn't happen often!
Property Tax Dropped over 50%!
Labels: expenses, real estate, taxesby Frugal Backpacker on Tuesday, June 05, 2012
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