Quote:
Originally Posted by PoorLurker
It helps many older people who now live in $800k-$1mm homes pay ~$2k/yr in taxes vs. $10k/yr. I think they are able to transfer that to one home purchase as well.
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Are those taxes considered high? I pay close to $10k in property taxes a year on my ~$500k house. I know my area is considered high tax but damn. At least the sales tax and cost of living are lower.