Willy's Whimsical Wednesday Words of Wisdom

Taxes, taxes, taxes. Always due, never ending, never getting lower. If you are a senior living in your home for many years, it can be increasingly difficult to remain in your home.

In the year 2000 the average SSI individual received a payment of $512.00 and for a couple $769.00.

In 2022 an individual received on average $841.00 and for a couple $1261.00. 

Looking at several properties taken at random the property taxes for the year 2000 were at $512.00 for a given property. In 2022 the same property was taxed at $1752.00 with seemingly no improvements made to the property. 

SSI payments went up in that same time frame about 64%.

Property taxes went up around 242% in that very same time frame.

How are seniors going to stay in their homes? True, SSI was never intended to be a person's sole source of income upon retirement age. But Government payments VS. Government taxes seem like a worthy conversation to have.