The city or town may then sell the property at auction for the $5,000 – no more and no less.If there is only one bidder, that person will have bought a 100 percent interest in the property.

I am asking around whether others have seen a similar percent hike.To answer some questions you raised, in the hope of turning this into a more helpful discussion: -- From your response, it appears like you think that $800 for a paint touch up is nothing to worry about.

If the tenant is polite, pays the rent and is really decent in general I always give the tenant the benefit of the doubt only because a super high percent of landlords treat their tenants like trash and I don't want to be like them.Maybe, the window just decided it was time to crack.

He screened well with good landlord and professional references and great income to rent ratio (4.2x rent) due to a large monthly annuity he receives for a lifetime insurance settlement.

They're destroying the middle class and inflating the value of our assets, I do remember reading once or twice that foreign investors still flocked to the dollar as they believe it to be safe, but I expect that to change well within my lifetime. 

However, the intrinsic Global manipulation of precious metal market(s) leaves me skeptical of any sustained rise above $50/oz in my life-time. 

I am guessing with each reassessment your 420k property will be bumped up a couple percent for taxes each time.

That would create a lifetime of drama. 

Think of the 80/20 rule, 80 percent will follow and be s relatively easy to deal with.

I'm guessing that if you take all RE investors in the US, more than half do not have $1M in equity in their lifetime.