Quote:
Originally Posted by Vette40th
Low interest rates assisted many to buy homes normally out of their reach, as we all know.
Next will be taxes, insurance to start pushing people out.
My taxes get reassessed this year, and happens every 5 years. It will be interesting.
|
Insurance rates already going up significantly, NC insurance companies requested 48% hike this time... Taxes will be also very soon.
County around Raleigh the average residential went up 58% since last assessment and commercial went up over 80%.The county may reduce the rate but not by much. Probably a 25% minimum jump i property taxes. They say they want the money for roads and whatnot.