May 2, 2006

When your annual property tax bill exceeds your federal income tax

When your annual property tax bill exceeds your federal income tax, those taxes need to be capped. If it takes a state constitutional change, then politicians should move in that particular direction. For many, the annual property tax bill exceeds their annual mortgage payment. Something's wrong!

No one who is trying to prepare for retirement or young couples trying to get ahead can plan. How can someone plan if property taxes when one’s annual property tax bill exceeds their federal income tax? Property taxes need a cap. Quarterly property tax bill payment for many approach annual state income taxes. .

Seniors are advised to take reverse mortgages, selling their homes a little piece at a time so that they can afford to stay in a town that they have worked in all their lives. Towns and communities they have supported and improved. If local and state officials raise property taxes arbitrarily, how can one plan for retirement?

Filed under Tax Reduction Politics by admin

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December 23, 2006
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federalproperty.info » Blog Archive » @ 5:17 am

[…] When your annual property tax bill exceeds your federal income tax When your annual property tax bill exceeds your federal income tax, those taxes need to be capped. Property tax appeals , the politics and protest, lowering your property tax overview […]

January 23, 2007
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Joseph @ 3:33 am

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