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Reply to "Trader Joe's not welcome in black neighborhood"
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[quote=Anonymous][quote=Anonymous]Even with the DC 10% increment increase, 10% can be a lot for someone on fixed income. If your taxes were $1,000 a year, they increase $100 the next year, $110 the next eyar etc, when you are on a fixed income, that can make a big difference espcially when you're already dealing with utility increases without COLA on your fixed income. Also, to the PP above, Homestead has nothing to do with how long you've lived in the property. It's a base discount for all owner occupied properties that reduces the taxable value. Homestead on a $800,000 property doesn't do as much as you'd think.[/quote]I know homestead doesn't help you much with an expensive house. What I was acknowledging was that if you bought your house years ago when it was cheap, you start out lower than your neighbor who bought this year when it was expensive. But the point is that, as we've both noted, a 10% yearly increase is a lot for some people. [/quote]
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