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Tag Archives: property taxes
Could Falling Home Values Spark a Taxpayer Rebellion?
How long will property owners keep swallowing significantly higher property taxes even as the value of their real estate continues declining? It’s an open question. I suspect the answer won’t be known until some invisible breaking point is reached, and voters simply rebel against higher taxes while their own net worth and incomes stagnate. Continue reading
An Endless Note
Imagine the perpetual loan, a loan that no matter what you do, you can never pay off. To help conceptualize the idea, think of it as a perpetual interest-only loan in which you are forbidden to completely pay off principal.
As preposterous as that deal may sound, it is highly likely you are in one.
Continue reading
Inflation Is Rampant in Tuition, Healthcare and Property Taxes
A modest house valued at $270,000 in 2004 paid $5,090 in property taxes. (Please note California is a “low tax state,” according to those anxious to raise all state taxes.)
The house was sold in July 2005 for $725,000 (near the top of the bubble) and property taxes promptly jumped to $10,977. By 2010, taxes had climbed to $12,193: a grand a month. Continue reading
Posted in Fresh Perspectives, Home Economics
Tagged Healthcare, Inflation, property taxes, Tuition
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Reconveyance Fee Rights: Long-Term Equity Theft by Real Estate Developers
This post originally appeared on the Irvine Housing Blog. Developers are embracing a new reconveyance fee designed to strip sellers of their equity for the next 100 years. I want your ugly I want your disease I want your everything … Continue reading
Assessor Value vs. Market Value: A Difference of 2.86 Million Dollars
Today I took the last batch of property tax appeals for the year to the Sacramento County Assessment Appeals Board at 700 H Street in Sacramento (as pictured below). Before I headed out of the office though I thought it … Continue reading