Quote Originally Posted by SteveinMN View Post
I hope you Californians recognize what a sweetheart deal this is! Yes, real estate in California is pricier than in many other areas. Yes, some of the state is going broke. But, short of rent-controlled apartments in New York City, I can't think of any other place where property taxes aren't going up Up UP. On our home, median-priced for the Twin Cities market, we're paying about $200 a month in property tax, not to mention the "fees" we've been paying so politicians can boast they've kept our property taxes low. And it wouldn't matter if we bought our house from the Governor hisself. On my investment property, the tax is going up by about a third next year. Not that I think everyone should cap their property taxes like this. But please recognize it for the screamin' deal it's been over several years.
We pay $275/month for a relatively modest house around 2,000 square feet with a bit extra land. And if you understand the shape that it was in for most of the decades we lived here, "modest" doesn't describe it it was downright low end.

Why do you consider that $200/month a lot of money? That seems fairly low to me, although I think of Twin Cities as being fairly high in taxes, for the Midwest anyway. We are not and do not want to reach New Jersey level property taxation.