When you are retired, you have a lot more time to think and analyze things.
You also have more time to talk with other retired people, who also live on a fixed pension income.
Our recent discussion was about how much property taxes have risen over the years.
One friend said his taxes have almost quadrupled over the past 20 years, while another friend said his taxes have almost doubled over the past 10 years.
Both commented on the fact that there have been no new services added.
So, are these big increases tied only to inflation and cost of living?
I don’t think many working and retired people pay attention or realize the magnitude of the year over year increases, or the effect of the assessed value increase combined with the tax hikes.
Where does all this money go? Will it become too expensive to afford your own home in the future?
These are issues I never thought about when I was younger, but now, with the luxury of time to pay attention, it sure makes me wonder.
It’s part of getting older, I guess, and looking back on how much everything has changed.
It is time for a reality check.