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Deferring property taxes: poll - Early Retirement & Financial ...


Deferring property taxes: poll

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Old Yesterday, 02:27 PM ? #2

Dryer sheet aficionado

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Join Date: Jun 2010

Location: Sarasota

Posts: 42

We really need more information. The debt could become pretty substantial if the prime rate were to rise considerably. Do you have the funds to pay the tax balance in that situation?
Bruce


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Old Yesterday, 07:20 PM ? #14

Recycles dryer sheets

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Join Date: Jun 2012

Location: Austin

Posts: 110

That actually sounds like a pretty good deal to me; Texas charges a flat 8% per year when deferring the already-high property taxes.

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Old Today, 01:34 AM ? #18

Thinks s/he gets paid by the post

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Join Date: Sep 2010

Location: midwestern city

Posts: 2,584

Well I am not a financial planner or anything like this but I when saw your post I thought :

1. how old is Meadbh ? Your decision may not be the same if you are in your late 40s or early 70s for example;

2. what is her principal residence worth ?

3. what is her annual withdrawal (e.g. if your annual withdrawal is $100,000, deferring taxes may not be worth the hassle / worth the time).

4. Does she have heirs ?

Good luck in your decision.

What information would you like, obgyn?

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