Will the taxes in Florida be as high as NY ? (North Port: estate, property taxes)

[firemed]

I have never lived in New York or New Jersey but reading this board it seems the taxes are very high there. This year most of Florida won't meet the projected tax income needed. Will the taxes go up ? Will we have a state tax ?

http://www.bloggingstocks.com/2007/0...-estate-slump/

[Jammie]

Originally Posted by firemed

I have never lived in New York or New Jersey but reading this board it seems the taxes are very high there. This year most of Florida won't meet the projected tax income needed. Will the taxes go up ? Will we have a state tax ?

http://www.bloggingstocks.com/2007/0...-estate-slump/

That's a good question, Firemed. I just can't see property taxes going up anymore. So many people can't afford to pay them the way it is. The state would be in worse shape because many would default on their homes and they'd get even LESS tax. Just don't know what the answer is.

[watsont3]

Just read an interesting article on AOL. A group called the Tax Foundation has published a list of local and state burdens for all 50 states.
Some of the results, rated from worst to best, are:
New York- Tax burden of 13.8% of income- Ranked 3rd highest.
New Jersey- Tax burden of 11.6%- Ranked 10th.
Florida- Tax burden of 10.0%- Ranked 38th.

It seems as though Florida has a long way to go before it catches up with NY or NJ.

Interestingly, North Carolina ranks 19th with a tax burden of 11.0%. That one surprised me. The three lowest tax burdens are in Texas (43rd at 9.5%), Alabama (46th at 8.8%) and Tennessee (48th at 8.5%).

[Arrgh]

My brother has a 2000SF house worth about 450K in Orange County, a suburb of NYC his prop taxes are 10K per year plus a 6% state income tax and the local sales tax is 8.75%. A friend out in Long Island, slightly larger house, worth about 750K taxes are almost 15K per year plus the state income taxes. Both houses cost about $500. per month to heat in the winter.

I believe we have hit the wall in Florida as goes property taxes. Our local govts' have been spending money like fools and now the day of reckoning has come. When the people start packing town meetings, as happened in North Port, the politicos start listening. Jammie is right, the tax base is being squeezed way too much. It will be interesting to see what the legislature come up with. I guess we will all know this June.

[Nirvana-Guy]

Originally Posted by firemed

I have never lived in New York or New Jersey but reading this board it seems the taxes are very high there. This year most of Florida won't meet the projected tax income needed. Will the taxes go up ? Will we have a state tax ?

http://www.bloggingstocks.com/2007/0...-estate-slump/

Honestly, if you factor in the number of whacky liberal-types we get down here form NY, NJ, and Connecticut, FL taxes MIGHT become as high as NY... or maybe higher.

The funny thing is... the taxes are high in NY, but check out their public schools: they suck, kids bring guns, knifes, crack rocks, porn, hit the teachers, cuss at the teachers, and etc. Check out NY streets... they are disgusting.

Try New Haven, CT,,, that city is an absolute dump. I lived outside Yale for a while and man, every single night I heard shotguns going off down the streets. Every car on the street had to either stay unlocked OR have the driver's window busted. You think cops in New Haven or Hartford stop to check it out when they see a car with a busted window? Hell no!! They know a Latin King or MS-13 gang member is probably behind the car and will kill the cop right away. The malls were nasty. The people in New Haven were so savage, they spit on the floor INSIDE the malls and then put ice on the ground and kick it. This was 1996, I cannot even imagine that city today. It must be 100x worse. And the taxes there are super high.

You know, I have said it before, I'll say it again. If the northern liberals have their way, FL will suck as much as up north does and taxes will be high to slap Floridians in the face even harder.