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Reply to "Struggling to stay afloat. What can I do?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I wish my house was worth 150. I paid 69k for it and could sell it for that. Which is sad because we had put 50k into it to make it livable. Hopefully. The house is going to the local ARC when my child is older. My kids are 13 and 14 so not old enough to get real jobs. The NT child babysits. It is hard because at one point, whwn XDH was working, he was making Bank. Now he chooses not to do anything but mooch off people and masturbate all day long. I [/quote] How is your property tax bill $4K on a house worth $70K? Did you not pay for 5 years?[/quote] Because that's what taxes are where I live. They are extremely high. [/quote] Well your story doesn't add up then. New Jersey has the highest property tax rate in the country, and that's a little above 2%. Assuming you live there, your assessment would be $200K, and assessments are usually lower than market price. [/quote] It's because municipalities generally need the same amount of money regardless of how much the houses located there are worth. I used to live in a little podunk town in the Midwest, and my $160,000 bungalow cost me $5000 a year in taxes. I could show you listings for $500,000 mansions that had $30,000 a year in taxes on them. It's nuts.[/quote] Wow! Point proven, I suppose, then. [/quote]
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