I've been looking at my bank accounts as I prepare to make my next extra mortgage payment. I have noticed that I have some extra money in there. Since my income hasn't increased I was wondering where that money came from. Then I got 2 letters in the mail. Yes, it's property tax time. No wonder I have extra money in my accounts. I subtract my property tax money out of my total budget at the beginning of the year and then I don't think about it until it is time to write the checks. Good thing I didn't' go on a shopping spree. Haha.
I totaled up my 2 property tax bills and got $1,036. This is for my 2 pieces of "vacant" land that my mobile home and RV are on, not my house in town. I divided by 12 months and compared it to last year. It went up $8 a month. This yearly increase is something I have not accounted for in my semi-retirement budget other than it would be covered by the income I hope to get from a part time job. I think I need to have a bigger savings account before I think about quitting full time work.
But that's down the road. Right now I am still focused on paying down my mortgage and this next extra payment is going to be a whopper.