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Posted by Sgt.Sausage on March 15, 2007, 5:46 am
> Ah, my parents bought housing much more recently than 1968.
>
> What was the property tax in 1968 and what is it now?
Couldn't tell ya. Likely next to nothin'.
Another data point. My folks bought their first place
in 1972 for a $117 a month mortgage payment. My
property taxes are currently $1,480, or about $123
a month.
I am paying more per month in tax than they paid
in toto.
Of course, that's in absolute terms -- not inflation
adjusted. I'm quite sure when I'm paying a grand a
month in property taxes in the year 2037 that the
new kids on the block will be buying their new
houses with $10,000 a month payments!
.
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