wabmester
Thinks s/he gets paid by the post
- Joined
- Dec 6, 2003
- Messages
- 4,459
ferco said:Don't these increases wreck havoc on a presumed/assumed 3% inflation rate. the only mitigating factor(s) might be if other budget items stay significantly below this rate to balance out the high ones................does(or can)FireCalc account for these wild increases?
I'm not sure how you'd model it. Obviously you'd have to weight it vs other expenses. That's exactly what the BLS does for the CPI calc.
Personally, I hate property taxes more than any other tax. But here in WA, it seems calculated in a fairly equitable way. There's a state/local-wide cap on increases (currently 1%/year, but that could change). The effect is that if you live in an area that isn't appreciating as fast as other areas, your taxes might go down even if your assessed value went up.
Also, like many other states, WA gives breaks to old and poor folks.
Regarding home insurance, I find that it varies a lot among insurance companies and it depends on other factors (like whether you insure your car with the same company).
Again, no idea how you would project a budget (ask the Bunny, he says he knows ), but the net effect is that our insurance costs have actually gone down over the last few years.