Posted on Apr 24, 2024
Surge in home insurance costs adding more inflation pressure on Americans
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Between insurance and property taxes you need a second job just to keep your home.
Inflation and bad policies hurt everyone.
Inflation and bad policies hurt everyone.
Surge in home insurance costs adding more inflation pressure on Americans
Posted from foxbusiness.com
Home
Insurance
Taxes
Posted 11 d ago
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Cpl Vic Burk
Lt Col Charlie Brown They are lucky that's all it was. Ours went up over 60%. I contested the increased property value one year and told the judge who overheard the case that if the county believed my property was really worth as much as they said it was they should be required to buy it for that price. "That's not how it works, Mr. Burk" was his response.
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SFC (Join to see) Many families saw their property values skyrocket due to inflation which lead to higher property taxes in addition to the fact they just raised taxes per $100.00 of value last year as it is. Some saw a re-assessed value of their property well over 100% from the last assessment five years ago.
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CPL Douglas Chrysler
Ours are raised per $1000 of assessed value. But don't let that fool you, the dollar amount I pay absolutely doubled 2 years ago and went up 2% this April and so far the city council has decided on a 6% increase for next year.
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Cpl Vic Burk
CPL Douglas Chrysler - When will it end? Maybe when nobody can afford to own a home. I know people who pay more per month in taxes than what my house payment was before I paid it off. Insanity.
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I am probably the only one on here who has seen his property taxes go down, not a great deal, but down
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