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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (11212)	6/16/2003 1:14:39 AM
From: Jim McMannis	Respond to of 306849

Yep, another tax timebomb courtesy of the government patchwork.

To: Les H who wrote (11212)	6/16/2003 4:53:26 PM
From: SBerglowe	Respond to of 306849

Good Article- However, other states have a tax disparity. I know the State of Utah taxes no resident owners at a tax rate which is approximately twice the rate that resident owners pay.

To: Les H who wrote (11212)	6/16/2003 6:36:07 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

Interesting problem hit home for me this weekend. We received notice from our mortgage bag-holder that our monthly payments were increasing, because escrow has increased due to higher property taxes. This is an unavoidable issue with the Feds running bigger deficits, and the states struggling with decreased shared federal revenues and decreasing state tax income. It certainly reverses a big chunk of the "benefit" of lower interest rates, at least as far as the end-user (home "owner") is concerned. It's a trend that is going to worsen, IMO.