Quote:
Originally Posted by Botnst
Next year my mortgage goes away and I'll be debt free, completely. And I'll retire. Coincidence?
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Bot- what are the property taxes like in LA? I am also debt free, and own 2 houses, but the property taxes in California are rising every year despite the drop in property values. They keep adding "fees" and I don't see how I will be able to keep up if I ever retire. I was 42 when I realized my dream of owning a home outright, and thought I would never have to worry again, but 8 years later I am not so sure. I currently pay over 8K a year in property taxes, and with the democratic majority in both houses of the Ca. legislature, it looks like the sky is the limit on new "fees". Recently we got hit with a new "fire prevention fee" of $150 per habitable dwelling for properties in rural areas. This "fee" is supposedly for "fire prevention", but it goes into the states general fund! As I am a Firefighter myself, I am fully aware that my department will never see a thin dime from this "fee", nor will any of the other rural departments in Ca. From what I can see, It is only a matter of time before the state of Ca. basically says "hand over your wallet". Other than the humidity I really liked Louisiana when I was stationed there.