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Old 07-17-2018, 03:17 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
20,884 posts, read 37,589,171 times
Reputation: 20986

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Quote:
Originally Posted by COcheesehead View Post
Nice alarmist post. We are not even close to having the heaviest tax burden.
Surprised how close these western states are in total taxation.
of course these are only 'averages'. You particular issues will vary.
'
28 Oregon 8.38% 3.17% 4.10% 1.11%
29 Utah 8.36% 2.46% 2.66% 3.24%
30 North Carolina 8.32% 2.30% 2.70% 3.32%
31 Arizona 8.21% 2.62% 1.39% 4.20%
31 Nevada 8.21% 2.23% 0.00% 5.98%
33 Texas 8.15% 3.70% 0.00% 4.45%
33 Washington 8.15% 2.66% 0.00% 5.49%
35 Colorado 8.10% 2.67% 2.26% 3.17%
36 Georgia 8.09% 2.75% 2.31% 3.03%
37 Wyoming 8.03% 4.17% 0.00% 3.86%
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Old 07-17-2018, 03:22 PM
 
463 posts, read 190,590 times
Reputation: 697
Quote:
Originally Posted by StealthRabbit View Post
Surprised how close these western states are in total taxation.
of course these are only 'averages'. You particular issues will vary.
'
28 Oregon 8.38% 3.17% 4.10% 1.11%
29 Utah 8.36% 2.46% 2.66% 3.24%
30 North Carolina 8.32% 2.30% 2.70% 3.32%
31 Arizona 8.21% 2.62% 1.39% 4.20%
31 Nevada 8.21% 2.23% 0.00% 5.98%
33 Texas 8.15% 3.70% 0.00% 4.45%
33 Washington 8.15% 2.66% 0.00% 5.49%
35 Colorado 8.10% 2.67% 2.26% 3.17%
36 Georgia 8.09% 2.75% 2.31% 3.03%
37 Wyoming 8.03% 4.17% 0.00% 3.86%
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Old 07-17-2018, 03:23 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
20,884 posts, read 37,589,171 times
Reputation: 20986
Quote:
Originally Posted by COcheesehead View Post
Nice alarmist post. We are not even close to having the heaviest tax burden.
Surprised how close these western states are in total taxation.
of course these are only 'averages'. Your particular issues will vary. (such as my WA property tax is $14,400 and my Colorado property tax is $2200 on similar cost / value properties, yet this data shows the states equal in Property tax burden)

rank---Total Tax Burden ---property tax - Income - excise and sales tax
28 Oregon 8.38% 3.17% 4.10% 1.11%
29 Utah __8.36% 2.46% 2.66% 3.24%
31 Arizona 8.21% 2.62% 1.39% 4.20%
31 Nevada 8.21% 2.23% 0.00% 5.98%
33 Texas__ 8.15% 3.70% 0.00% 4.45%
33 Washingto 8.15% 2.66% 0.00% 5.49%
35 Colorado__8.10% 2.67% 2.26% 3.17%
37 Wyoming_ 8.03% 4.17% 0.00% 3.86%


AK wins (as usual!)rank #50 @ <5% total tax burden
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Old 07-17-2018, 06:01 PM
 
Location: Charleston SC
29 posts, read 12,798 times
Reputation: 20
ok phew. was paying about $9,000 for property taxes in MA and $4,500 here in SC. So it sounds pretty darn reasonable in COS
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Old 07-17-2018, 06:10 PM
 
20,345 posts, read 37,868,858 times
Reputation: 18146
Quote:
Originally Posted by Krick123 View Post
ok phew. was paying about $9,000 for property taxes in MA and $4,500 here in SC. So it sounds pretty darn reasonable in COS
Rule of thumb I used while living there for 11 years was that property taxes equated to market price x six tenths of one percent with the actual amount varying a small amount between neighborhoods depending on the amount of the "mill levy" in that area for schools or other services.

Example, $300,000.00 market price x $.006 or $1800.00 per year. IMO this is dirt cheap, and it shows in the road system, storm water runoff infrastructure, parks, police, etc.
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Old 07-17-2018, 07:23 PM
 
Location: Colorado
666 posts, read 347,059 times
Reputation: 779
Quote:
Originally Posted by Mike from back east View Post
Rule of thumb I used while living there for 11 years was that property taxes equated to market price x six tenths of one percent with the actual amount varying a small amount between neighborhoods depending on the amount of the "mill levy" in that area for schools or other services.

Example, $300,000.00 market price x $.006 or $1800.00 per year. IMO this is dirt cheap, and it shows in the road system, storm water runoff infrastructure, parks, police, etc.
Mill levy can add a huge amount in the new developments.
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Old 07-17-2018, 08:33 PM
 
20,345 posts, read 37,868,858 times
Reputation: 18146
Quote:
Originally Posted by DrDog View Post
Mill levy can add a huge amount in the new developments.
As it should be, though I'd prefer an initial construction fee for each SFH or TH and a fee per dwelling unit in multi-family apartment and condo units. There's a notable cost to add new dwelling units to the city's infrastructure and IIRC that exact amount is a bigger secret than the nuclear codes. If it were more expensive to buy a new home the prices of existing used homes could rise a bit, but if taxpayers keep subsidizing new construction than the existing homeowners see their prices stay stagnant. At least that's my perception of it.
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Old 07-17-2018, 10:56 PM
 
Location: Washington Park, Denver
6,608 posts, read 5,892,447 times
Reputation: 6928
Quote:
Originally Posted by LHS79 View Post
Looks like the mayor is getting worried we will not have any more local tax increases approved in C/S if the State passes the road tax bill in November. We will have (probably) the highest combined tax rate in the country. Who woulda thunk that would ever happen in our fine city?

I agree and hopefully others will do the same and sign the petition: https://gazette.com/opinion/editoria...bfd3d539c.html

With no more local tax increases guess who they will come to next? HOMEOWNERS!

Wondering is the 70%+ who want the State tax increase are RENTERS?

At least the recent transplants still think is it "still better than where we came from". For folks who grew up here or long-time residents on fixed incomes not so much.
Hyperbole much?
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Old 07-17-2018, 11:02 PM
 
Location: Washington Park, Denver
6,608 posts, read 5,892,447 times
Reputation: 6928
Quote:
Originally Posted by StealthRabbit View Post
Surprised how close these western states are in total taxation.
of course these are only 'averages'. Your particular issues will vary. (such as my WA property tax is $14,400 and my Colorado property tax is $2200 on similar cost / value properties, yet this data shows the states equal in Property tax burden)

rank---Total Tax Burden ---property tax - Income - excise and sales tax
28 Oregon 8.38% 3.17% 4.10% 1.11%
29 Utah __8.36% 2.46% 2.66% 3.24%
31 Arizona 8.21% 2.62% 1.39% 4.20%
31 Nevada 8.21% 2.23% 0.00% 5.98%
33 Texas__ 8.15% 3.70% 0.00% 4.45%
33 Washingto 8.15% 2.66% 0.00% 5.49%
35 Colorado__8.10% 2.67% 2.26% 3.17%
37 Wyoming_ 8.03% 4.17% 0.00% 3.86%


AK wins (as usual!)rank #50 @ <5% total tax burden
How is this being calculated? Average property tax rate in Colorado is more like 0.6% and income tax is a flat 4.63%.
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Old 07-18-2018, 05:00 PM
 
61 posts, read 79,273 times
Reputation: 50
Quote:
Originally Posted by StealthRabbit View Post
Surprised how close these western states are in total taxation.
of course these are only 'averages'. Your particular issues will vary. (such as my WA property tax is $14,400 and my Colorado property tax is $2200 on similar cost / value properties, yet this data shows the states equal in Property tax burden)

rank---Total Tax Burden ---property tax - Income - excise and sales tax
28 Oregon 8.38% 3.17% 4.10% 1.11%
29 Utah __8.36% 2.46% 2.66% 3.24%
31 Arizona 8.21% 2.62% 1.39% 4.20%
31 Nevada 8.21% 2.23% 0.00% 5.98%
33 Texas__ 8.15% 3.70% 0.00% 4.45%
33 Washingto 8.15% 2.66% 0.00% 5.49%
35 Colorado__8.10% 2.67% 2.26% 3.17%
37 Wyoming_ 8.03% 4.17% 0.00% 3.86%


AK wins (as usual!)rank #50 @ <5% total tax burden
Would you please provide a link or description as to where these statistics originated? I would be very interested in reading more about this as I too am considering a move to Colorado Springs.
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