Comments on: Adjusting to a New Mortgage Payment

By: Carnival of Money Stories #62

Carnival of Money Stories #62 — Tue, 13 Jul 2010 00:57:55 +0000

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By: Nicole

Nicole — Mon, 12 Jul 2010 19:50:00 +0000

@Craig: Ours will likely go up every year — the majority of our property taxes goes to the schools & police/fire departments.

By: Craig/FFB

Craig/FFB — Mon, 12 Jul 2010 14:36:19 +0000

Ughh, I’m not looking forward to seeing our property taxes eventually go up. Where I am a bulk of it goes directly to the school system so at least the kids will see the benefit.

By: Carnival of Money Stories – Signs of Summer Edition

Carnival of Money Stories – Signs of Summer Edition — Mon, 12 Jul 2010 11:32:12 +0000

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By: Upromise College Dream Sweepstakes and Links

Upromise College Dream Sweepstakes and Links — Sun, 11 Jul 2010 10:39:31 +0000

[...] Richer from The Financial Student. Organizing 101: Filing Your Bills Neatly by Saving Money Today. Adjusting to a New Mortgage Payment at Rainy-Day Saver. Lacking the Shopping Gene or Naturally Frugal from Tight Fisted Miser. The [...]

By: Financial Samurai

Financial Samurai — Sat, 10 Jul 2010 12:26:55 +0000

At least there’s a 4% increase cap, although probably irrelevant in this market.

Ours is tied to inflation… so generally 0.9% to 1.9% increase MAX, even in the boom years.

By: Weekly Favorites and Gratitude! «Budgeting In the Fun Stuff

Weekly Favorites and Gratitude! «Budgeting In the Fun Stuff — Sat, 10 Jul 2010 11:07:02 +0000

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By: Budgeting in the Fun Stuff

Budgeting in the Fun Stuff — Fri, 09 Jul 2010 16:16:30 +0000

I guess we’re lucky-ish here around Houston. Our property taxes are 3.1% but our house appraised value is so much lower than coastal states. Our annual property taxes on our specific house are between $2500-$3500 a year but our mortgage is $740 a month for 15 years (we don’t escrow).

We have paid $900 a month to the mortgage since day one and put $300-$400 a month into our tax account just to be safe. At the end of the year, after taxes are paid, we split the excess in the tax account 50/50 between responsible stuff like the mortgage and fun stuff like our vacation account.

Good luck on finding your extra! “Surprises” like this suck.

By: Nicole

Nicole — Thu, 08 Jul 2010 15:41:05 +0000

Sam: Our current property tax “cap” is a 4% increase, tied to assessed value. Hah.

By: Financial Samurai

Financial Samurai — Thu, 08 Jul 2010 06:07:08 +0000

Yikes, property taxes at 2-2.5% in NJ? That’s SO expensive!

Just a small correction for CA prop tax, it is actually 1.15%, not 1.5%.

Prop 13 is good, but part of the reason why we have such a big budget deficit!