Comment by Dig1t 3 days ago
How will you pay for property taxes?
Similar plans, but the problem I have is that property taxes are onerous anywhere near a population center.
The food you grow can likely sustain you depending on where you are in the country, you can dig a well for water, and you can buy solar panels for power. But the taxes never go away.
Where I am, the ag exemption barely blunts the taxes. You can claim the exemption on the land on which your house does not sit, but the house itself and the 1 acre around it is not exempt. Anywhere near a major population center, a house + 1 acre can be thousands, if not tens of thousands, per year in property taxes.
Our property tax is right at $250/yr. It’s the home insurance that terrifies me, went from $1300/yr to $2300 last year, and I’m waiting get the new increase in August.
Rural Louisiana and a Homestead Exemption on a house that I bought for $85k.
Yep the escrow for taxes and insurance is the biggest part of my mortgate payment by far.
> you can dig a well for water
You can pay someone upwards of $10,000 to drill a well for you. FTFY!
I think you can apply for an ag exemption depending on location