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Old 02-21-2009, 05:44 PM
 
Location: El Paso
271 posts, read 806,192 times
Reputation: 190

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I'm going to the mall Elite hunting.
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Old 02-22-2009, 04:41 PM
 
Location: Irving, Tx
523 posts, read 1,362,609 times
Reputation: 731
I am now worried about how much it costs to live there in El Paso...Daddy Dearest lives there and the house I will inherit..is already paid for..so what is the problem!
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Old 02-23-2009, 08:34 PM
 
4,246 posts, read 11,977,445 times
Reputation: 3150
Quote:
Originally Posted by malamute View Post
I would disagree with that. Our average wages are much too low for the extreme property taxes here. People in other places are paying half to a quarter of what we pay in property taxes. They are very out-of-line and we get very little for them.
With a city of this size and where? And don't count small country cities. I lived in a city 20 miles south of houston and paid twice what I'm going to be paying for almost the same amount the house cost. But I do see what you're saying about the wages here with the prices of homes and taxes. I guess living in a high tax rate area I don't see it as high.

And a 1/4 of what we pay? I want to see this area.
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Old 02-23-2009, 08:50 PM
 
47,525 posts, read 69,426,048 times
Reputation: 22471
Quote:
Originally Posted by danieloneil01 View Post
With a city of this size and where? And don't count small country cities. I lived in a city 20 miles south of houston and paid twice what I'm going to be paying for almost the same amount the house cost. But I do see what you're saying about the wages here with the prices of homes and taxes. I guess living in a high tax rate area I don't see it as high.

And a 1/4 of what we pay? I want to see this area.
One example -- Arizona

The part that many people read over too quickly is that Arizona property taxes on owner-occupied residences are levied based on the Assessed Value, not current market value. In Maricopa County, where Phoenix is, the assessment ratio for owner-occupied residential property is 10 percent of Full Cash (market) Value. So if your home is valued at $350,000, you will be charged property tax based on the assessed value of $35,000.

The average tax rate on homes in Arizona before exemptions and rebates is approximately 1.3% of market value or 13% of assessed value. So, if your home is assessed with a Full Cash Value of $350,000, and your property tax rate was exactly at the average 1.3%, then you'd be paying $4,550 per year in real estate tax on your home.

Arizona Property Tax - Compute Arizona Real Estate Tax
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Old 02-23-2009, 09:57 PM
 
Location: Glory Road - El Paso, Texas (R.O)
2,619 posts, read 6,107,893 times
Reputation: 1846
Does a state income tax counter a lower property in Arizona?
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Old 02-23-2009, 10:06 PM
 
40 posts, read 96,558 times
Reputation: 53
EP has low wages that is a given but I thought homes would have been cheaper. I guess EP is getting expensive just like everywhere else.
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Old 02-24-2009, 12:49 AM
 
2,258 posts, read 3,478,449 times
Reputation: 1233
The Top 10 most affordable cities reads like an obituary. Most of the cities on that list are suffering through decades-long population decline.
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Old 02-24-2009, 06:19 AM
 
1,004 posts, read 2,691,477 times
Reputation: 669
Quote:
Originally Posted by malamute View Post
One example -- Arizona

The part that many people read over too quickly is that Arizona property taxes on owner-occupied residences are levied based on the Assessed Value, not current market value. In Maricopa County, where Phoenix is, the assessment ratio for owner-occupied residential property is 10 percent of Full Cash (market) Value. So if your home is valued at $350,000, you will be charged property tax based on the assessed value of $35,000.

The average tax rate on homes in Arizona before exemptions and rebates is approximately 1.3% of market value or 13% of assessed value. So, if your home is assessed with a Full Cash Value of $350,000, and your property tax rate was exactly at the average 1.3%, then you'd be paying $4,550 per year in real estate tax on your home.

Arizona Property Tax - Compute Arizona Real Estate Tax
But wouldn't this same house if it were in El Paso have real estate taxes approximately $10,500 or more?
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Old 02-24-2009, 10:25 AM
 
4,246 posts, read 11,977,445 times
Reputation: 3150
Quote:
Originally Posted by malamute View Post
One example -- Arizona

The part that many people read over too quickly is that Arizona property taxes on owner-occupied residences are levied based on the Assessed Value, not current market value. In Maricopa County, where Phoenix is, the assessment ratio for owner-occupied residential property is 10 percent of Full Cash (market) Value. So if your home is valued at $350,000, you will be charged property tax based on the assessed value of $35,000.

The average tax rate on homes in Arizona before exemptions and rebates is approximately 1.3% of market value or 13% of assessed value. So, if your home is assessed with a Full Cash Value of $350,000, and your property tax rate was exactly at the average 1.3%, then you'd be paying $4,550 per year in real estate tax on your home.

Arizona Property Tax - Compute Arizona Real Estate Tax

State Tax, don't forget to leave that out.
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Old 02-24-2009, 10:34 AM
 
197 posts, read 509,808 times
Reputation: 97
Quote:
The Top 10 most affordable cities reads like an obituary. Most of the cities on that list are suffering through decades-long population decline.
Interesting observation and certainly something to consider in the grand scheme of the discussion and data.
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