[Schaumburger]

Property taxes are one thing I will be looking closely at as they will be a major consideration in my golden years.

In suburban Chicago (Cook/Crook County) in 2013 I paid $2,625 for a 900 sq. ft. townhouse. Homes in Cook/Crook County get reassessed for property taxes every 3 years. Because of the housing bust, my taxes were reduced to a low of $1,516 for the past two years. A few days ago I received a notice from Cook/Crook County that my home has been reassessed. According to the local tax assessor, I can expect a property tax increase of between $250 and $300 next year as property values have increased over the past 3 years.

And some of my friends wonder why I want to eventually leave Chicagoland and head south? if I stay in this house in Chicagoland for another 10 years (not), I will be spending my golden years eating ramen noodles every night.

Villagers you have it made as far as property taxes go.