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Comment on ‘My Property Tax Went From $15K to a Life-Altering $91K a Year’

SpikesOtherDog@ani.social ⁨1⁩ ⁨day⁩ ago

So, the house is now valued at 6x the original value? If they sold it at only 4-5x it would still be a huge win.

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Ilovethebomb@lemm.ee ⁨1⁩ ⁨day⁩ ago
Their taxes were grandfathered in because they bought the property at a much lower value, the house was already worth a lot more than they paid for it.

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- SpikesOtherDog@ani.social ⁨1⁩ ⁨day⁩ ago
  Completely true, but not a loss.
  
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Celestus@lemm.ee ⁨1⁩ ⁨day⁩ ago
They want the house, not the money. Now they’ll be forced to sell to some rich person. Doesn’t sound like a win to me

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- explodicle@sh.itjust.works ⁨1⁩ ⁨day⁩ ago
  They wanted a new, two-story house, but with a tax loophole to save money.
  
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- SpikesOtherDog@ani.social ⁨1⁩ ⁨day⁩ ago
  Maybe it is different for me because I moved every couple years growing up. I have lived in 15 places in my life, and the most recent is a record of over a decade.
  
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