I’m talking about local and property tax increases. School districts in my state are fighting a combination of budget mismanagement issues combined with decreasing assistance from the state because of deficits there. Counties are increasing their taxes for the same reasons. Guess who makes up the difference at the local level? Homeowners do.
This is what is causing many seniors to lose their homes. Their income is fixed or not keeping pace with the cost of living, so they are not able to pay the higher taxes. Even if your home is paid off, non payment of taxes is not allowed by the municipalities who collect them.
