essay jersey money
Reassessed
The borough reassessed all the property over the
last couple of months, and in the eight years we've lived here the
assessed value has more than doubled over the purchase price. That
translates to an annual rate of 10.35% appreciation. Now we wait with
nervous anticipation to see what the new property tax rate will be next
year and what effect this will have on our mortgage payments.
We have already dipped into the equity to pay
for Pam's car and for some of the startup money for the business. I do
not think we want any more leverage right now, living a life fraught with
uncertainty.
It's hardly an original thought, but I'm
wondering why I don't feel wealthy after all this.
