Reply to Gentrification shaming makes no sense to me.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]To add to 17:48's excellent analysis re property taxes---
In addition to the homeowner rate, there are also additional tax breaks given to senior citizens. [/quote]

+1.  Most senior citizens and disabled people who own at least half the home get a 50% break.  It needs to be applied for.  There is a high-ish (>100K) income cap for this benefit.  There is also the Schedule H tax credit for low income owners and renters.  Also needs to be something you file to claim.  People can claim these things on $1 million homes.  Low income seniors don't really need to begin to pay property tax until their assessed value is >$400K, and one of the lowest rates in the country above that.  I used to help people apply for these things, often filing refund claims for as many open years back as possible for people.  I think the problem is many people don't know they exist or don't bother to apply.[/quote]

Even if they don’t apply, taxes are low and increases are capped.  It’s not because of taxes for majority of people leaving.

The black people selling their homes are cashing out and going to a nice area in PG county and buying a nice large SFH with a yard for the 500k plus they are getting.  Friend of a friend moved down to nice retirement community in Fl.
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