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Subject:  Re: Late Start but still want to retire early! Date:  3/24/2004  10:52 AM
Author:  bksward Number:  158920 of 876043

Also, I don't know where you live, but my philosophy was to not consider myself out of debt until I had a paid-off house in a safe neighborhood where I am not assessed property tax. Some areas have property tax on all homes, so you can't do anything about that, and other areas have such high prices on homes that your best bet might be to accept that, when you retire, you will have to sell the home, get your equity out of it, and re-locate to someplace cheaper.

I wouldn't consider property tax a debt. Sure its an obligation, but so is buying food. Are you not out of debt until you have all the food you will eat for the rest of your life? Or all the heating oil? Property taxes are generally paying the local government for services they are providing to you.

There are places in the country where you don't have to pay property taxes. For example, if you are a member of one of the tribes here in california that was in the news last week. They kicked out 100 or so people as not being members of the tribe. Why? They couldn't prove ancestory and they were getting $10,000 a month each in revenue from the casino on the reservation. Odds are none of them needed to pay local property taxes...
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