Quote:
Originally Posted by tophcfa
Another inconvenient truth is that 25% property tax increases force many seniors on fixed incomes to fall into the reverse mortgage trap.
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I think much of the property tax increase is because our homes have escalated so much in value. And that is true almost everywhere in the U.S. Just to see if I may be right, remember how much you paid for your property and see what the three usual places to check consider the value. (Redfin, Realtor.com and Zillow) They are fairly close to the amount it will sell for in my opinion.
I am not a realtor, never have been and really am not crazy about them.