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Property taxes
[Rod Dreher  03/13 12:40 PM]

Nancy from Austin writes:

I don't know if your book touches on this but another factor affecting a person's view of their home is property taxes. When we bought our old, charming 1920s house in central Austin 16 years ago, we thought we would stay here for the rest of our lives. But, we live in a town where property values have soared and the local taxing entities are insatiable. Our property taxes have gone up @$1,000 every year for the last ten years and we are now selling- we simply can't afford the property taxes anymore (we had refinanced 13 years ago and gotten a 15 year mortgage- when our house is paid off in two years our property taxes will be more than our mortgage, insurance and property tax was 13 years ago). It's sad- this is where our children grew up and is the only home the youngest two have ever known, but we can't justify the expense.

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