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Home > Seventh biggest expense - Property Taxes

Seventh biggest expense - Property Taxes

October 3rd, 2008 at 08:06 pm

I'm still analyzing last year's expenses, and already at number seven I'm feeling like it's one I can't do anything about - property taxes.

Our taxes are actually reasonable by some standards, since there aren't a ton of infrastructure projects going on in the neighbourhood. We pay just over $3000 a year, or $260/month, which we can usually spread out over 8 payments.

We're not interested in moving out of our home when we're retired, although I guess our opinions could change. I like the idea of hosting foreign students for some part of the year, enough to pay for the property taxes. I'm a teacher with ESL qualifications, so I think we'd be a desirable host family.

2 Responses to “Seventh biggest expense - Property Taxes”

  1. ME2 Says:

    That is the one thing about my city that totally sux!

    My taxes this year will be right about $3000.

    However, the summer taxes (which were due 9-2-08) had to be paid in full in the amount of $2850+. The remaining $150(ish) is considered winter taxes (which will be due 12-31-08) and also must be paid in full.

    Obviously, the $150 isn't a big deal, BUT, being able to break up the payments on the $2850 would be nice.

  2. fern Says:

    If it's any consolation to you, i'm paying more than $5500. I sort of lost track of exactly how much it is becus i pay my property taxes along with my mortgage to the bank. Now they just had a $6 million cost over-run on projected expenses of expanding the high school and they want us to pick up the tab. I'm voting no at the referendum Tuesday.

    If you think your taxes are really out of line, and if you have the time to do a little research at town hall to see what other comparable homes are being taxed at, you could request a hearing at the assessor's office. Just like with showing up in court to challenge traffic tickets, you stand a good chance of winning some concessions.

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