Posted by Hal/ Eastern WA on April 03, 2011 at 20:04:05 from (208.81.157.90):
In Reply to: Re: going home posted by flying belgian on April 03, 2011 at 17:11:28:
It sounds like your property has become very valuable, with all that development around you. Unfortunately valuable property ends up being taxed accordingly, at least in my area. I know people who have been more or less forced to sell their property, because they could not afford to pay the taxes on it after development occurred around them.
Having property that has appreciated a whole bunch can be a huge windfall, but to cash in on it, you have to sell out and move, which might not be what you really wanted to do.
I like where I live, on a corner of what was my family's ranch. But my Dad subdivided the ranch back in the 70's (as he had always planned to do) and my Parents had really good retirement income. I now pay more than 10 times the property tax my parents paid for the whole ranch, and I only have 20 acres. That's progress, I guess.
Good luck with your situation. I don't know how much property you have to deal with, but it sure is hard to come out ahead farming property that is heavily taxed. It's also not much fun living in an industrial area, with traffic going nearby all the time. If I had such a problem, eventually I would probably sell and relocate.
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