athena53
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 11, 2014
- Messages
- 7,415
My friend in northern Georgia had her RE taxes drop from about $2400/year to $600/year after she turned 65.
There’s some sort of senior tax break there. Georgia looks tax friendly for those of us 65 and older.
The states in my area (MO and KS) have breaks only for low-income seniors. Note also that some states are just deferring a portion of the taxes and will collect the remainder when the house is sold, which I think is a good compromise.
According to the local paper, increases in assessed values are expected to be around 30% this year. They're done every 2 years here. My property taxes went up 7.7% from 2020 to 2021 and 15% form 2021 to 2022 so they're definitely increasing the millage rate.
I fully intend to appeal anything exorbitant- values should be going down as mortgage interest rates skyrocket. I'll have a couple of decent comps- neighbor next to me, bought a year ago, can adjust for her higher square footage, and one on the market 2 doors down, about the same square footage as mine.