My property in Louisiana qualifies for homestead exemption, where properties under $75,000, are exempt, there's also a freeze option for 65 year Olds. So I have the opportunity to freeze my property tax at zero.
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Summer tax bill
- Thread starter Rawroots
- Start date
IF no Tax on income or property every other tax will make up the difference . here in KY . my property tax is laughable BUT my car licensed plate tag is $371 per car , my boat sticker is $102 (14 foot jon boat ) they get their money one way or another .I am assuming you can protest the amount? We have protested every increase in the last 10 years, using actual sales of similar properties that we got from our real estate agent. However, if I was to try that this year, I don't think there would be any sales to support it. Just the opposite in fact. Sales would show my current tax assessment is now LOWER than my market value. My property tax assessment doubled two years ago and will probably double again in the next two years. I am seriously looking at moving to a state that doesn't have property tax. No property tax and no state income tax would be ideal.
My sister's home value has increased 500% in the last 3 years. I warned her that she might want to sell it and move to a less popular area before the county increases her property tax by 500%. She could easily be paying $15,000 to $20,000 a year and more in property tax a few years down the road.
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