Thursday, May 30, 2013

Tax Update

Good Afternoon Everyone!

We got an "Annual Notice of Assessment" from our tax commissioner. This number is fantastic compared with the $5,100 we spent last year. The number came in at $3,394.87! Woo hoo! It looks like our $2,100 mortgage will go away pretty quick. I am faxing in this letter and they will post the changes to the account within 5 business days.

It looks like they honored our homestead exemption like they said they would. Also, our home's value decreased $20,000 to just over $250,000, which is what we paid for it. This I am not happy about, but our local school system has been struggling recently replacing board members and fighting accreditation issues. Moreover, we are not looking to sell at this moment so I won't lose too much sleep over it, but I would like our value to slowly climb back up.

This is extremely relieving. I was literally losing sleep over this payment. It looks like we pay it this month, but next month it should come back down. Now we can focus back on paying down our debt! Right now, we have about $900 waiting to clear and post. Once this is done, I will give you guys an update on the debt total. We are going to fight hard to make it to that 25% mark. When our escrow gets figured out, we should be good-to-go with meeting our goal. According to my calculations, that means we will need to payoff $5,200 worth of loans to reach that mark. This should be feasible considering the summer money we are set to make.

I used the $500 gift card to buy two new tires on the car today. This was overdue and something we definitely needed. That cost was $234. My granddad told me to never skimp on tires, so I have always bought the same tire throughout my ownership of the car. Of course they are the most expensive touring tires, but since we are reliable on this car only, I can't afford not to have the best.

To top off this good day, Chik-fil-a was giving away chicken sandwiches today! I only spent $1.50 on my lunch. I cannot resist the sweet tea. I don't understand why. I guess it is just a southern thing. Any of you have the same problem?

Hope everyone has a great Thursday and weekend! 

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