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Old 11-01-2011, 03:28 PM
 
6 posts, read 55,836 times
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I live in TX and considering moving to Mason, OH pursuing a dream job offer.

So far, everything I read about Mason is great, esp schools.

However, I looked up the property rates for Mason, OH here and if I am reading this right the rate is $65.34 for every $1000 of house value.

In essence, I will be paying $16,335 for a $250,000 house??
[Currently in TX I pay ~$4000.]


Really?? Help!!

Warren County Ohio Auditor - Rates of Taxation of Warren County Ohio

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Old 11-01-2011, 03:45 PM
 
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No, the valuation percentage is 35% of true value so you take the 250k multiple by 35% and then apply the tax rate.
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Old 11-01-2011, 05:19 PM
 
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Quote:
Originally Posted by Wilson513 View Post
No, the valuation percentage is 35% of true value so you take the 250k multiple by 35% and then apply the tax rate.
So what is the actual tax value for a $250,000 house?
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Old 11-01-2011, 05:25 PM
 
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$250,000 x .35 = 87,500. Tax = $5717.25.

Math is hard.
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Old 11-01-2011, 05:37 PM
 
5,310 posts, read 6,608,894 times
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Quote:
Originally Posted by Wilson513 View Post
$250,000 x .35 = 87,500. Tax = $5717.25.

Math is hard.

Cincinnati is no longer the housing bargain it was in the 1980s. Nearly $6000 for a 250K house? Whew !
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Old 11-01-2011, 05:53 PM
 
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Quote:
Originally Posted by ram2 View Post
Cincinnati is no longer the housing bargain it was in the 1980s. Nearly $6000 for a 250K house? Whew !
Correct, its all about the taxes. Where does the money go? Failing schools, Medicaid?
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Old 11-01-2011, 06:25 PM
 
Location: In a happy place
3,707 posts, read 6,563,387 times
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Quote:
Originally Posted by Wilson513 View Post
Correct, its all about the taxes. Where does the money go? Failing schools, Medicaid?
In Mason, it appears to be succeeding schools. (OP's Statement - "So far, everything I read about Mason is great, esp schools.")
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Old 11-01-2011, 07:06 PM
 
6 posts, read 55,836 times
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Quote:
Originally Posted by Wilson513 View Post
$250,000 x .35 = 87,500. Tax = $5717.25.

Math is hard.
No. Politics and resulting regulations is hard

Thanks for the answer. I could do reverse engineering and figure out the percentage tax as 6.5%.
Which in other words is 65.34 per $1000.
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Old 11-01-2011, 09:23 PM
 
Location: Cincinnati(Silverton)
1,576 posts, read 2,302,369 times
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So if you lived there for 10 years, you would pay over 50 grand in property taxes. WOW
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Old 11-02-2011, 06:49 AM
 
Location: Cincinnati
3,335 posts, read 5,725,886 times
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a good rule of thumb is to take the last two numbers off of the property value and that is your semi-annual tax bill. for example, a 180,000 house has a semi-annual bill of about 1,800. in ohio, property taxes fund a ton of stuff, so yeah, they're high
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