Originally Posted by OAG
Sounds good. Nice feeling know you "own" your home. Of course, to be more accurate, you and the County Taxing Agency own it. Funny (well not really) thing is I am paying more for my RE Taxes annually than I ever paid annually on a Mortgage.
Really sad to hear on CNBC (I know) the other morning when they had Governor Corizone (spelling) from, I think, NJ say words to the effect 'we have a shortfall in the State budget and the only thing we have to correct it is Real Estate Taxes'.
I think this is happening in most states. Our property values are being reassessed and they are going up which of course increase the Tax. I am wonder what data they are looking at... Probably 2006 sales numbers.