And how crushing would it be if you have no food, no money, no job, and not even a safe place that you’re just allowed to exist for want of $200?
Comment on Is investing in real estate immoral if you use it to buy your first home?
Thorny_Insight@lemm.ee 3 months agoI don’t know where you live but the property tax on my house is 200€ a year which is less than half of what I spend on groceries every month. If I end up disabled and without a job, the property tax, from a financial perspective would be among the least of my worries.
Fondots@lemmy.world 3 months ago
OneCardboardBox@lemmy.sdf.org 3 months ago
In the USA, property taxes are how most towns and cities get the majority of their funding. 200€/year would be crazy low.
In my medium cost of living town (USA), taxes come out to 4, sometimes 5 figures a year. Plus as the area becomes more desirable, property taxes (based on the sale price of a home) go up for recent buyers.