I know we have a bunch of CA residents here. I'm curious about how you think about property taxes from an inflation perspective. We have an expensive home, with high property taxes, but in theory, prop 13 should limit those tax increases to 2%/yr (with maybe a bit of extra for the local add-ons...). I had just kind of figured this comes out in the wash, but since it's such a large part of our current spend, accounting for that extra 2% inflation actually takes us from 95% success to 100% success.
For those who have lived with this for a while, is the 2% cap really 2%ish? Do you think about this when planning?
For those who have lived with this for a while, is the 2% cap really 2%ish? Do you think about this when planning?