• Taxes: 38k • Home value: $1.2M • Monthly taxes: $3,166
New situation: • Taxes: $24k • Home value: $1.3M • Monthly taxes: $2,000 Annual savings: $14k Fifteen year savings (estimated): $210k
They moved from a tight, busy neighborhood to a peaceful area with larger lots, quiet streets, and incredible schools. They told me later they did not realize how much stress their previous tax burden had caused until they no longer had to pay it.
Scenario 3: West Orange to River Vale Current situation: • Taxes: $29k • Home value: $850k • Monthly taxes: $2,416 New situation: • Taxes: $16k • Home value: $900k • Monthly taxes: $1,333 Savings: Over $1,000 a month ($12k/yr) Twenty year savings: over $200k
This family used the savings for: • Retirement contributions
• Yearly vacations • Home upgrades
Their financial life took a noticeable upward turn.
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