Them what is in charge of such things has sent me a notice.
The value of my house has gone up 5% in the four years since I bought it.
Well, that’s a good thing, right?
Sure, if I were going to sell it or if I were going to take out a home equity loan (and lose all the progress I’ve made towards paying down the mortgage).
In actuality, it’s not so good.
This wreck of a house that’s falling down around my ears has actually devalued since I bought it. Even if I were going to sell it, which I cannot, I would never be able to find a sucker who’d take it off my hands for what I paid for it, much less that plus the imaginary 5% it has increased in value.
Nope. Nope. Nope.
Because I got basically duped and paid too much for a house that continues to suck me dry in normal upkeep and catastrophic repairs, the tax assessor took that already inflated purchase price and added an imaginary 5% value gain so that now I can pay more in taxes on a house that’s actually worth less.
Well, thank goodness I’m made of money.
This could be a problem if I weren’t.
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