Leta
Lovin' The Homestead
- Joined
- May 19, 2011
- Messages
- 401
- Reaction score
- 0
- Points
- 68
Since we seem to beginning another Interminable March Toward the White House, there's lots of talk of taxes of late. I understand that the president/al candidates cannot and do not control local taxation issues, but all the tax talk makes me think that property taxes are really overlooked.
In my case, my property taxes are over 55% of my mortgage payment. Our insurance (which is only $35/mo) and taxes together are only $40 less than our mortgage payment every month.
Something that we have considered heavily in making our next big move are the tax rates, because it is possible for us to set up an operational homestead and eventually have no mortgage payments or utility bills- but we are always going to be stuck with property taxes.
In our case, our property tax burden far exceeds our income tax burden (though not our payroll tax burden, but that's another story...)
I feel as though our town is shooting itself in the foot with its tax rates. The townships have fire halls, snow removal, and public schools, and their tax rates are half or less of what ours are. I can't help but wonder if what we are actually paying for is a bunch of city employees, which is disheartening.
In my case, my property taxes are over 55% of my mortgage payment. Our insurance (which is only $35/mo) and taxes together are only $40 less than our mortgage payment every month.
Something that we have considered heavily in making our next big move are the tax rates, because it is possible for us to set up an operational homestead and eventually have no mortgage payments or utility bills- but we are always going to be stuck with property taxes.
In our case, our property tax burden far exceeds our income tax burden (though not our payroll tax burden, but that's another story...)
I feel as though our town is shooting itself in the foot with its tax rates. The townships have fire halls, snow removal, and public schools, and their tax rates are half or less of what ours are. I can't help but wonder if what we are actually paying for is a bunch of city employees, which is disheartening.