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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/wow-with-a-state-income-tax-you-are-still-30654761.aspx

Subject:  Re: When can I qualify for a loan? Date:  4/26/2013  10:43 AM
Author:  inparadise Number:  125151 of 127696

Wow, with a state income tax, you are still paying over $4600 in property taxes on a $200k property?

I don't know where the OP is, but that sounds about right for our area, and many places in the northeast to midatlantic. And while you are right that the taxes are a disincentive to remaining here in retirement, the pay tends to be better to compensate at least in part for the higher cost of living.

On the flip side, moving to a lower cost of living will definitely help us have a financially successful retirement when that time comes.

IP
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