Re:Baby boomers are becoming homeless at a rate not seen sin...
by araes on Monday September 25, 2023 @04:47PM
(#37650381)
The NW had a case over the last several years, where there was really perverse behavior.
Except for Seattle / Portland, not many companies really invest in the NW. Except all the residential prices just rise and rise. ex: "66% (8331) of residential properties in Post Falls saw a property tax climb between 2019 and 2020. Yet only 6% (71) of commercial properties (6%) experienced an increase".
So when the pandemic was ramping up, all the property tax burden dropped right on top of the homeowners.
Annnnnd: If you don't pay your property taxes, it doesn't matter if you own your house. Title. Everything. Can take it away for a couple years of property taxes. In many states, they don't even have to pay you the sale price difference.
Except for Seattle / Portland, not many companies really invest in the NW. Except all the residential prices just rise and rise. ex: "66% (8331) of residential properties in Post Falls saw a property tax climb between 2019 and 2020. Yet only 6% (71) of commercial properties (6%) experienced an increase".
So when the pandemic was ramping up, all the property tax burden dropped right on top of the homeowners.
Annnnnd: If you don't pay your property taxes, it doesn't matter if you own your house. Title. Everything. Can take it away for a couple years of property taxes. In many states, they don't even have to pay you the sale price difference.