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Property Taxes Increase

August 31st, 2011 at 03:53 pm

I received the yearly notice about our property taxes yesterday in the mail. Our taxes increased from $2,820 to $2,942. That is an increase of $122 per year or 4.3%. Most of the increase is to our city and the school district, so I won't complain too much. They seem to do a good job with the resources they are given.

I recently received our homeowner's insurance bill, too. It also increased.

I save monthly for these expenses. With the increases, I am short. I will make up the difference out of the regular paycheck and then increase monthly savings with the hope of being on target next year. Although...next year we might have sold the house and be renting. Smile

Posted in Spending, Saving, Taxes | 2 Comments »

2 Responses to “Property Taxes Increase”

  1. laura Says:
    August 31st, 2011 at 04:42 pm 1314805379
    1314805379


    Our taxes increase annually, and it is interesting to see how much they've gone up in the years that we've had our properties. One perk of renting: no taxes!

  2. ceejay74 Says:
    August 31st, 2011 at 05:41 pm 1314808897
    1314808897

    That's a good attitude! Although I'd rather see income taxes go up vs. property tax, so that low- or no-income retirees don't have to bear so much of the burden, at least it goes toward good things. Mpls has had to raise property taxes continually because of too-low income taxes not bringing enough revenue, IMO.

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