Submitted by NachoDog1000 t3_z8gq02 in personalfinance
NachoDog1000 OP t1_iycw6r7 wrote
Reply to comment by Duffmanlager in $600 Mortgage Payment Increase??? by NachoDog1000
The house was built 80 years ago
Duffmanlager t1_iycy4b1 wrote
Well, there goes that idea. Any chance your property was reassessed? In my county, they reassessed all properties recently for the first time in 20+ years. Some properties saw significant changes in their taxes as a result of this. I’ve heard some places will reassess upon the sale of the property which can cause severe changes if the property hadn’t sold in a long time. Depending on where you live, Zillow can be a good resource for determining historical taxes and assessed value.
NachoDog1000 OP t1_iyei8tm wrote
That's likely what happened
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