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 (
smartasset.com - New jersey property tax calculator). 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!
