I just received my property tax assessment in the mail. Normally I would read through it and just pretty much just ignore it, because it’s paid from an escrow account that is part of my monthly house payment. Normally I read the tax assessment and note whether it went up or down (it’s usually up,) and then I toss it in the shredder and go about my day.
Since we’ve begun to recognize the fallacy of the American dream of home ownership, I’ve been taking a closer look at some of the ways we spend money. Especially around house related expenses.
Our property taxes for the year of 2010 comes to $2472.53. To put that in a little perspective, the two bedroom apartment we are looking at moving to is about $1300 a month. Two months rent would be $2600.
The yearly property taxes on our home are nearly equivalent to two months rent in an apartment. That’s a big chunk of money for the privilege of owning a house.
This year our property tax bill acts as a reminder that we are on the right track.