We just got our tax bill, and I didn’t think they were too bad. (We have extremely low property taxes out here.) At first I was surprised that they weren’t higher, but then I compared them with last year’s amount and discovered that they were actually twenty percent higher than the previous year’s taxes. Of course, that’s mostly due to the insane increase in housing values that happened in 2006. I imagine next year’s increase will be more of a normal increase.
Either way, I’m grateful for our relatively low property taxes (unlike the taxes I paid on the rental property in Texas, ugh) and that we’ve got the money sitting in our ING account for exactly this purpose. Self-escrowing is working out well, and I enjoy making the interest on the money instead of the mortgage company doing so.