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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Mark   😊 😞
Number: of 15055 
Subject: Re: Jeremy Siegel's best chart
Date: 04/30/2025 11:53 AM
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No. of Recommendations: 2
You missed the tax bill by a mile. A house nearby just sold for 4.1 million. Taxes 15 years ago were $4000, and have gone up to $10,000.

This is generally only true in states with a property tax increase limit (like prop 13 in CA, or homesteading in FL). In a place like NJ, a $4M home would have property taxes around $75k (https://smartasset.com/taxes/new-jersey-property-t...). In IL it would be similar or a bit higher. In NY, it might a bit lower at $65k. In TX it would also be about $65k, but it depends where exactly in TX.

But that is truly incredible! Where in the USA are taxes on a $4M property only $10k??? Wow!
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