Your real estate tax bill likely shows increases in just about every category. Most real estate tax bills (2009 tax Yr) have increased somewhere in the vicinity of 10%. So tax bills that were $8,000 are now $8,800. Of course, we realize two-thirds of the total goes to local school districts. And generally that is a good cause. But what happens when taxes get so high that buyers shy away from buying. I see that happening already.
Families that want their children going to the best schools and can't afford housing in those areas are renting. Rather than try (0 comments)