Meadbh
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 22, 2006
- Messages
- 11,401
As of this year, I am eligible to defer property taxes on my principal residence. Taxes plus interest would be repayable when I sell, get a new mortgage, or die. Interest rate on the property taxes would be prime minus up to 2%. Current interest rate is 1%. I currently have no mortgage but have a HELOC with a balance of zero and annual property taxes were $1670 in 2012. I have just ER'd and obviously want to minimize withdrawals. Do you think this is worth my while, yes or no? (No sitting on the fence!)
Details below:
Finance - Property Tax Deferment Program
Details below:
Finance - Property Tax Deferment Program