Did Trump say he was going to look at property taxes? Just checked mine and guess what?! They are going up for the 5th straight year.
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Someone of modest means in Illinois said hers went up $1,000!!!!
While I was browsing homes for sale last year in WA, I was looking at the photos of homes and this one property, (it was an older, small 3 bed 1.5 bath house on an 8acre property)the seller stuck one final photo at the end and it was, a bill showing the current property tax and the last years property tax.. the current one was 3k higher. .. I can only guess why that property was for sale :(
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Seniors were losing their homes in Florida because of that. They don't work and they are old so you can't mess around as they do with the working society economics. FL has a constitutional amendment called 'save our homes'. Property taxes can only go up 1 to 3% a year, forever. It has one time portability to move and keep the new tax rate stable, once again. If you're building a new home you had two years to finish it, and use that portability. Last year FL legislation extended the building to 3 years, as people filed grievances because their houses weren't finished, and they could not afford to lose the 'save our home' portability. Florida had many seniors and it was going to be catastrophic a real epidemic as property values increased, certainly after the '90s when technology became available. Florida wasn't just God's waiting room anymore. You could move early still work while living in Florida via the internet.
Because we have an aging population all states should consider such legislation as Save Our Homes, enshrined in their constitution.