I have a family of five. No matter how much my home value increases or how well ... | Hacker News

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		aurareturn 6 months ago \| parent \| context \| favorite \| on: Wholesale prices rose 0.9% in July, more than expe... `I have a family of five. No matter how much my home value increases or how well the market does, I still need to pay to live.` Not to mention inflation increases the value of your house and your property tax bill gets higher. This is true in California.

seanmcdirmid 6 months ago [–]

This is true almost everywhere else but California because of prop 13. Your assessed value can only rise by at most 2% a year.

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