Comment by jermaustin1

Comment by jermaustin1 3 days ago

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.

giantg2 3 days ago

That doesn't seem to add up. Even .5% on a $150k house should be 3x that tax. $2300 in insurance on a $150k house is outrageous.

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paulcole 3 days ago

You seem to be familiar with the situation. What are the property tax laws and insurance risk where the commenter lives?

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- giantg2 2 days ago
  
  I'd like for them to explain it. The data I have shows .5% tax is one of the lowest values, with $2300 insurance being the national average for a $300k dwelling. Based on this data, the numbers don't add up. Maybe they can explain so we can learn.
  
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  jermaustin1 a day ago
  
  Rural Louisiana and a Homestead Exemption on a house that I bought for $85k.
  
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SoftTalker 3 days ago

Yep the escrow for taxes and insurance is the biggest part of my mortgate payment by far.

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