Anonymous
01/02/2022 17:53
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
My reading comprehension is just fine. It's you that is struggling to understand the basics of home ownership and how property taxes and mortgages work.
You said you bought a home a couple of years ago (that's two years ago in case you think I'm not understanding) for $850k. Your mortgage is less than $900 a month (your words). The ONLY way you can achieve this is by putting down a stupidly large chunk of money in downpayment, so that your outstanding loan is maybe $190K. The county doesn't care how much of a down payment you put down, the value is the value. So back to my original statement. With a $900 a month mortgage you should be putting away so much cash that paying $18K a year in property tax isn't even an issue....because you obviously have the income to do so. In order to buy a $850K house your income is likely north of $200K a year, or around $10K a month. What the HELL are you doing with your other $9K?
No my income is nowhere near $200k (in fact about 50 percent of that), so you clearly are struggling understanding. And what’s relevant here is not how much we paid for the home, but the fact that the county wrongly decided that it has gained nearly $350k in value in less than two years. That’s the point of this thread - not your incorrect assumptions about my finances. Regardless of how much money we earn, no one should expect an unjustified $5-6k increase in property taxes.
Oh JFC - you are either stubborn or dumb. I'm going to go with stubborn. 1) how did you qualify for an $850K house with less than a $100K per year income? Oh is it because you put a large chunk of money down? Yes or No? 2) You make $100K a year, so your monthly take home is what between $5K-$6K? Again WHAT are you doing with all that extra cash since your payment is not even $900 a month 3) Appeal the increase!
Jeez! If I had money take home of $6k on 100k a year, I’d be quite happy. It’s less than $4k, take home. And I already pay $1300 in property taxes before the increase (which I’m sure you know hasn’t gone into effect yet) - so total housing costs are $2400. And I have two young kids, so obviously I have other costs. If you’d actually read my prior responses you’d see I’ve already responded to your other incorrect judgmental assumptions. And the whole point of starting this thread was not to have a dumb pointless argument with you about why I don’t miraculously have $5-6k spare a year it was TO ASK FOR TIPS IN APPEALING!!! So thanks for the advice!
Bye.
Anonymous
01/02/2022 17:47
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
Seems like PP was right that you put down 80%, doesn't seem like they struggle with reading comprehension to me. If you had $650K in cash to buy a house, you're going to struggle to get a ton of sympathy over $6K a year in taxes.
We sold prior home which quadrupled in value due to gentrification after living there 20 years. Never actually had “cash” on hand, just rolled it over into a new home. Never had income above $120k and never had a mortgage balance higher than $200k since first becoming home owners in 2000.
Dude, that was cash on hand, how do you not know this? Now it’s tied up in real estate when it could be invested and paying your tax bill.
It’s not tied up it’s invested in real estate. If it was invested elsewhere it would need enough GUARANTEED income to pay the significantly larger mortgage and also be able to qualify for that larger mortgage. Again, you are in a privileged position if you think everyone has the luxuries you do.
You took out a $189K on an $850K house, so that’s over 75% down as the PP pointed out, doesn’t matter where the cash came from. Odds are you could have qualified for a much larger mortgage with far less income than the other PP quoted, especially with $500K invested. That’s your guarantee.
On the one hand you’re nearly complaining that your first house appreciated due to gentrification. At the same time you think you’re too poor to pay taxes on the new house because it’s appreciating so fast..
Homestead means the actual value taxed bill will never increase more than 10% per year. Your appreciation has out paced your tax bill, that’s an okay problem to have.
Anonymous
01/02/2022 17:46
Subject: MoCo tax assessment
Our assessment value went up but is still way below market value.
Anonymous
01/02/2022 17:45
Subject: Re:MoCo tax assessment
Are you sure your tax in MoCo is $18,000 for a 1.2 million house? I live in MoCo and pay less than $7000 on a 1.1 million house.
Anonymous
01/02/2022 17:44
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
My reading comprehension is just fine. It's you that is struggling to understand the basics of home ownership and how property taxes and mortgages work.
You said you bought a home a couple of years ago (that's two years ago in case you think I'm not understanding) for $850k. Your mortgage is less than $900 a month (your words). The ONLY way you can achieve this is by putting down a stupidly large chunk of money in downpayment, so that your outstanding loan is maybe $190K. The county doesn't care how much of a down payment you put down, the value is the value. So back to my original statement. With a $900 a month mortgage you should be putting away so much cash that paying $18K a year in property tax isn't even an issue....because you obviously have the income to do so. In order to buy a $850K house your income is likely north of $200K a year, or around $10K a month. What the HELL are you doing with your other $9K?
No my income is nowhere near $200k (in fact about 50 percent of that), so you clearly are struggling understanding. And what’s relevant here is not how much we paid for the home, but the fact that the county wrongly decided that it has gained nearly $350k in value in less than two years. That’s the point of this thread - not your incorrect assumptions about my finances. Regardless of how much money we earn, no one should expect an unjustified $5-6k increase in property taxes.
And you shouldn’t have planned on affording an $850k house with an income of $100k/year
Anonymous
01/02/2022 17:42
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
My reading comprehension is just fine. It's you that is struggling to understand the basics of home ownership and how property taxes and mortgages work.
You said you bought a home a couple of years ago (that's two years ago in case you think I'm not understanding) for $850k. Your mortgage is less than $900 a month (your words). The ONLY way you can achieve this is by putting down a stupidly large chunk of money in downpayment, so that your outstanding loan is maybe $190K. The county doesn't care how much of a down payment you put down, the value is the value. So back to my original statement. With a $900 a month mortgage you should be putting away so much cash that paying $18K a year in property tax isn't even an issue....because you obviously have the income to do so. In order to buy a $850K house your income is likely north of $200K a year, or around $10K a month. What the HELL are you doing with your other $9K?
No my income is nowhere near $200k (in fact about 50 percent of that), so you clearly are struggling understanding. And what’s relevant here is not how much we paid for the home, but the fact that the county wrongly decided that it has gained nearly $350k in value in less than two years. That’s the point of this thread - not your incorrect assumptions about my finances. Regardless of how much money we earn, no one should expect an unjustified $5-6k increase in property taxes.
Oh JFC - you are either stubborn or dumb. I'm going to go with stubborn. 1) how did you qualify for an $850K house with less than a $100K per year income? Oh is it because you put a large chunk of money down? Yes or No? 2) You make $100K a year, so your monthly take home is what between $5K-$6K? Again WHAT are you doing with all that extra cash since your payment is not even $900 a month 3) Appeal the increase!
Anonymous
01/02/2022 17:29
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
My reading comprehension is just fine. It's you that is struggling to understand the basics of home ownership and how property taxes and mortgages work.
You said you bought a home a couple of years ago (that's two years ago in case you think I'm not understanding) for $850k. Your mortgage is less than $900 a month (your words). The ONLY way you can achieve this is by putting down a stupidly large chunk of money in downpayment, so that your outstanding loan is maybe $190K. The county doesn't care how much of a down payment you put down, the value is the value. So back to my original statement. With a $900 a month mortgage you should be putting away so much cash that paying $18K a year in property tax isn't even an issue....because you obviously have the income to do so. In order to buy a $850K house your income is likely north of $200K a year, or around $10K a month. What the HELL are you doing with your other $9K?
No my income is nowhere near $200k (in fact about 50 percent of that), so you clearly are struggling understanding. And what’s relevant here is not how much we paid for the home, but the fact that the county wrongly decided that it has gained nearly $350k in value in less than two years. That’s the point of this thread - not your incorrect assumptions about my finances. Regardless of how much money we earn, no one should expect an unjustified $5-6k increase in property taxes.
Anonymous
01/02/2022 16:15
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
My reading comprehension is just fine. It's you that is struggling to understand the basics of home ownership and how property taxes and mortgages work.
You said you bought a home a couple of years ago (that's two years ago in case you think I'm not understanding) for $850k. Your mortgage is less than $900 a month (your words). The ONLY way you can achieve this is by putting down a stupidly large chunk of money in downpayment, so that your outstanding loan is maybe $190K. The county doesn't care how much of a down payment you put down, the value is the value. So back to my original statement. With a $900 a month mortgage you should be putting away so much cash that paying $18K a year in property tax isn't even an issue....because you obviously have the income to do so. In order to buy a $850K house your income is likely north of $200K a year, or around $10K a month. What the HELL are you doing with your other $9K?
Anonymous
01/02/2022 16:11
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
Seems like PP was right that you put down 80%, doesn't seem like they struggle with reading comprehension to me. If you had $650K in cash to buy a house, you're going to struggle to get a ton of sympathy over $6K a year in taxes.
We sold prior home which quadrupled in value due to gentrification after living there 20 years. Never actually had “cash” on hand, just rolled it over into a new home. Never had income above $120k and never had a mortgage balance higher than $200k since first becoming home owners in 2000.
Dude, that was cash on hand, how do you not know this? Now it’s tied up in real estate when it could be invested and paying your tax bill.
It’s not tied up it’s invested in real estate. If it was invested elsewhere it would need enough GUARANTEED income to pay the significantly larger mortgage and also be able to qualify for that larger mortgage. Again, you are in a privileged position if you think everyone has the luxuries you do.
Anonymous
01/02/2022 15:37
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
Seems like PP was right that you put down 80%, doesn't seem like they struggle with reading comprehension to me. If you had $650K in cash to buy a house, you're going to struggle to get a ton of sympathy over $6K a year in taxes.
We sold prior home which quadrupled in value due to gentrification after living there 20 years. Never actually had “cash” on hand, just rolled it over into a new home. Never had income above $120k and never had a mortgage balance higher than $200k since first becoming home owners in 2000.
Dude, that was cash on hand, how do you not know this? Now it’s tied up in real estate when it could be invested and paying your tax bill.
Anonymous
01/02/2022 15:32
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
Seems like PP was right that you put down 80%, doesn't seem like they struggle with reading comprehension to me. If you had $650K in cash to buy a house, you're going to struggle to get a ton of sympathy over $6K a year in taxes.
We sold prior home which quadrupled in value due to gentrification after living there 20 years. Never actually had “cash” on hand, just rolled it over into a new home. Never had income above $120k and never had a mortgage balance higher than $200k since first becoming home owners in 2000.
Anonymous
01/02/2022 15:29
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.
Seems like PP was right that you put down 80%, doesn't seem like they struggle with reading comprehension to me. If you had $650K in cash to buy a house, you're going to struggle to get a ton of sympathy over $6K a year in taxes.
Anonymous
01/02/2022 15:25
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
Where do you live that your $850k house as 18k in taxes? How much is your house worth now?
I live in MoCo and the point of this thread was that MoCo have decided that my house has increased in value by 40 percent in less than two years. I’d guess it’s maybe now worth $950k. They say $1.2m which is not realistic at all.
Anonymous
01/02/2022 15:22
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
So rent out your garage spots, drive Uber, do Instacart why should our children suffer.
Huh? Why do my property taxes have a bearing on your children’s suffering? If your children are suffering I suggest you do something about it!
Anonymous
01/02/2022 15:21
Subject: MoCo tax assessment
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bend over rich guy - enjoy
I’m definitely not rich. My property taxes will now be $18k a year and my mortgage principal and interest is less than $900 a month. I can’t afford this.
Sounds like you got in at a very low cost-basis a very long time ago, and your property value is now $1.7M? Is this correct? To be honest, at $900 a month you should have been saving A TON of money, putting it away for a rainy day. Only reason you wouldn't be able to afford this is if you are on a fixed income and retired.
Nope, bought a couple of years ago for $850k. Our income doesn’t support paying an extra $6k a year, but it does support the current rate and the expenses we budgeted for (plus reasonable increases). Our property taxes are already the bulk of our housing costs and we planned for that. We didn’t plan for a 40 percent hike. You are showing your privilege by assuming that anyone not paying very high housing costs must have plenty of spare money to save.
No way you have a less-than $900 a month mortgage on an $850K house unless you were stupid enough to put down 80% as a downpayment. Please explain how this happened. Are you in NJ, CT, or IL? Even then it still doesn't add up or make sense.
Some people really struggle with comprehension, don’t they? Our mortgage was for $180k initially. Balance is now about $165k, I think.