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Are you hit with property tax increases? Find out what happened to Clark later on in this email. |
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💵 Today’s Top Stories |
| | Team Clark knows a thing or two about Costco. We reveal new ways for you to save money at Clark’s favorite store. Read more. |
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| | One in seven people have money sitting in a database waiting to be claimed. Here are free ways to check if any of these billions belong in your bank account. Read more. |
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| | Boeing has made all sorts of negative headlines recently. Should that affect a person’s decision to take a lump sum or monthly payout? And how does the math work regardless? Read more. |
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| | If you have financial dependents, you probably need life insurance. But how much coverage is appropriate? Here’s Clark’s rule and some personal factors to consider. Read more. |
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| | If you invest via one of the accounts Ascensus is buying from Vanguard, what should you think? Clark shares his take. Read more. |
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🏠️ Clark Hit With Property-Tax Reality |
Count your blessings if you owned a home prior to the onset of COVID-19. Right? |
After all, if you have a mortgage, you almost certainly have a rate that looks wonderful today. And your home likely has gone way up in value in the last five years. |
The problem: those excellent interest rates can act as golden handcuffs. So there may not be a way for you to realize the value increase in a spendable way. |
But your property taxes almost certainly are on the rise. That’s in addition to a wild few years of homeowners insurance premium increases. |
Clark typically shrugs off these property tax increases. He hires a firm, appeals the increase and always gets some sort of reduction. Not this time. |
“I lost flat-out. The first time ever that I didn’t win some kind of reduction in the value of the property,” Clark says. “So now I owe a back-tax bill during the appeal period. And moving forward I owe a lot more tax each year.” |
Christa, Clark’s podcast producer, also lost an appeal. But that’s probably par for the course. Home values have gone up a lot. Therefore property taxes will as well. |
Home prices rose 40.8% in the last four years vs. just 21.6% for property taxes. Many states cap how much property taxes can rise each year, excluding rental properties and second homes. |
Know that you can appeal, as Clark explains on the April 15 podcast episode. But it’s likely a trend that will affect you if you own a home. |
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📊 Stat of the Day |
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💰️ Deal Alert: Today’s Top Deals |
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🎙️ Podcast |
 | Full Show: Insurers Are Spying on Your Home From the Sky and College Tuition Is out of Control |
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Clark recently talked about auto insurers and manufacturers spying on us. We have an update on that story – and a new twist. A recent report discovered that home insurers are spying on us – potentially every single day of the year. There are key things you need to know if this is happening to you! Also, some colleges cost more than $100,000/year. Why is education so expensive? |
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☎️ Need Money Help? |
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. |
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