No. of Recommendations: 0
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
Print the post  

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement