Topic Guide
What Is Property taxes?
Property taxes is a subject covered in depth across 1 podcast episode in our database. Below you'll find key concepts, expert insights, and the top episodes to listen to — all distilled from hours of conversation by leading experts.
What Experts Say About Property taxes
- 1.Katia is struggling to afford her current home for retirement due to high property taxes and renovation costs, leading her to consider moving states.
- 2.Her current property is valued at approximately $1.6 million.
- 3.Dave Ramsey advises selling the $1.6 million property to alleviate the financial burden and facilitate a move.
- 4.The proposed strategy includes purchasing a new, more affordable property for $600,000 in a different state, paying cash.
- 5.This specific move would free up $1 million, which Dave suggests investing directly into her retirement "nest egg."
- 6.Ramsey stresses the importance of making such significant real estate decisions based on "the math only, not the emotions."