But that is not too far from the rate of inflation over that time. Today"s dollar buys about what 1970"s dime would buy.
The property taxes I pay now are quite a bit more than 10 times what I paid in 1976, when I got my property. On the other hand, I have lots more development of the ground, so it is not comparing oranges to oranges. I hate to pay taxes, but that is the way my area finances most government services, like schools, the fire department and county government. So I pay them.
A lot of the increase of valuation in my area has come from the FACT that people have sold parcels of land nearby for lots of money. And the fact that neighbors have built large expensive homes makes my area a higher value neighborhood, even though my house is modestly sized and not a bit fancy. I like it here, so I stay.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
... [Read Article]
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