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Property Taxes

October 4th, 2016 at 11:00 am

Several people mentioned property taxes on here when I had posted my budget. They are due this month. Mine are reasonable and can be cash-flowed. However, DH's are in the $800-900 range. While we certainly could cash flow this as well, I've been hoarding cash for various reasons that are coming up: $2000 for the potential move-out fee, $2400 first mortgage payment, $1150 to cover rent up until the 60-day mark in our current place, not to mention the $77/day proration we will owe the current sellers if they move before the end of October.

In November and December, I'd like to put 50 aside for this. In January, I want to up it to $100. That'll give us $1000 at the beginning of next October.

For this year, here are my options:

- Tap into savings: DH has about $500 in his own separate savings account. We could clean that out and cash flow the other $300.
- Credit Card: We could put it on a credit card that recently closed and then we'd have almost 2 months to cash flow it before interest started.
- Cash Flow: We could cash flow it outright, but that taps into our $2000 fund.

I'm leaning towards the credit card, but any thoughts?

6 Responses to “Property Taxes”

  1. frugaltexan75 Says:

    Didn't you just buy the house? If so, you shouldn't have to pay property taxes yet. Or are these other houses you already owned?

  2. Debt-free by Thir-ty Says:

    I meant personal property. These are our car taxes. Our property taxes are paid quarterly from escrow.

  3. debtfreeme Says:

    Personal Property tax? What is that??

  4. klarose Says:

    Holy cow! You have to pay $800+ for car taxes?

  5. Debt-free by Thir-ty Says:

    Kiki, it's taxes for things like vehicles, RVs, boats, or motorcycles.

    Klarose, isn't it outrageous. I think the musty expensive mine ever were was 300, but our county is expensive and his car is brand new.

  6. klarose Says:

    For comparison, my home taxes are only $600 up from $500...

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