TL;DR - direct evidence of municipal governments in Texas ignoring real property values and making up false valuations/comps in order to meet a predetermined budget objective. Reports of this same thing happening in 47 other states. Real home prices may be only a fraction of the official figures. Possibility this will be headed to SCOTUS. Due to these local governments having no money, they are pushing for an end to property taxes as reparations for years of fraud.
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I bought my house in June of 2019. At the time, I was fortunate enough to be able to buy my interest rate down to a 30-year fixed at only 2.125%. I was pretty happy with that.
At the beginning, my total mortgage payment for principal, interest, taxes, and insurance (P.I.T.I.) was $1,300.11.
In the five years since buying my house, my P.I.T.I. has risen to $1,872.57. The monthly amount for principal and interest hasn't changed. What I pay for taxes and insurance, however, sure has. It has increased from $320.89/month, to a current amount of $760.66. Again, this is in only 5 years. IMO, that's outrageous.
Of course, I live in Tim Walz's home state of Minnesota, which certainly isn't helping.