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So I've heard anecdotally that if one has the option of living in SC vs NC one should to take advantage of lower taxes. I'm looking to buy a house in the fall, and doing some quick and dirty math the property tax on a $160K house is only $25 more a month in Charlotte than say Ft Mill.
Dropping my income into some online state income tax calculators says the impact there would be a wash.
Haven't dove into vehicle taxes yet, but would two cars and a couple of sea doos be that much more expensive in the north vs south?
What am I missing?
FYI, as I work in aviation I'm looking to stay close to the airport, preferably on the west side of it due to flight paths (the west runway is 98% landing only). North of the airport, and between 485 and the Catawba intrigues me. Lake Wylie just over the bridge seems nice as well. Single and no kids so school isn't really a consideration. Looking to stay under 175K ish and 2 car garage, 3 bedroom are my absolute minimums.
I don't think you are missing anything and don't think the tax differences would be significant either.
Since you don't need schools, the area you mentioned could work. In places like Fort Mill, you pay a premium for the sought-after schools, which would more than wash out any potential tax savings (is there even anything available in Fort Mill for $175K?). But of course schools are a factor in resale so hopefully you plan to stay awhile.
FYI, as I work in aviation I'm looking to stay close to the airport, preferably on the west side of it due to flight paths (the west runway is 98% landing only). North of the airport, and between 485 and the Catawba intrigues me. Lake Wylie just over the bridge seems nice as well. Single and no kids so school isn't really a consideration. Looking to stay under 175K ish and 2 car garage, 3 bedroom are my absolute minimums.
Thoughts, ideas, and math are appreciated.
Airport is currently in a north flow this AM. Check the radar maps. Aircraft departing 36C typically make a turn at 85 / 485 intersection to get over the Catawba River and follow that northbound. Closer to the river, the louder it will be.
I don't think you are missing anything and don't think the tax differences would be significant either.
Since you don't need schools, the area you mentioned could work. In places like Fort Mill, you pay a premium for the sought-after schools, which would more than wash out any potential tax savings (is there even anything available in Fort Mill for $175K?). But of course schools are a factor in resale so hopefully you plan to stay awhile.
My thought is that any value imparted by school value would affect but the purchase and the sale, so in effect a wash. If the schools managed to improve while one owned the house that could work in ones favor. Not something I'm planning on.
Quote:
Originally Posted by CLT4
Airport is currently in a north flow this AM. Check the radar maps. Aircraft departing 36C typically make a turn at 85 / 485 intersection to get over the Catawba River and follow that northbound. Closer to the river, the louder it will be.
Departing 36C we're making a turn to 330 at about 400-500 AGL. We'd be a little east, then north of that intersection when we make that turn. All departures generally have 8,000 ft as an initial altitude, and I'd estimate we're above 3-4000 feet by the time we get to the river, depending on our load. I'll have to pay attention to that next time I go to work.
Interesting that LGI Homes is putting a large development called Paw Creek Village right underneath that area to the northeast of the 85/485 intersection. And generally speaking, where the River District is planned is probably in the best spot that close to the airport to mitigate sound issues.
It's probably worth driving around over there when the airport is in a north operation, but it's worth noting that pretty much that whole area is outside of the airport's noise maps. Of course, that benefits them, so we'll see how accurate that is.
My thought is that any value imparted by school value would affect but the purchase and the sale, so in effect a wash. If the schools managed to improve while one owned the house that could work in ones favor. Not something I'm planning on
Maybe, however if values continue to increase, they will increase faster in areas with in-demand schools. And if they go down, areas with in-demand schools should hold their value better. And yes there is always a chance the assigned schools could improve.
However there's always going to be demand in the sub-$200k price point, so unless there is another complete crash, a house that's already $175K in a high market likely isn't going to take a huge hit. And if you do plan to stay awhile, some say not to really worry too much about resale anyway.
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