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Alabama seems to be the winner! Not to mention the great college football team, Roll Tide!
I appreciate this thread because there are often lots of local taxes tacked on so to see the actual amounts paid is helpful.
We bought our house in 2008, it was a foreclosure and was a smoking deal at $420,000 for a spacious 865 square feet. Before you totally question my sanity, we live one mile from the ocean in Sunny San Diego. You know perfect climate, most of the year. Prior sale prices for homes this size in the area were $580,000. Such a deal.
Our property taxes just hit $5,000 per year. You pay a flat 1% of purchase price in California but then you pay a bunch of fees and school bonds depending on where you live. The extras added $800 to my bill.
California goes up a maximum of 2% a year. But a very expensive school bond that the voter approved last fall made my bill jump $270 plus the 2%. 2% of $5,000 equals $100 per year so in ten years I am figuring my taxes will exceed $6,500 with the extras perhaps $7,000. That ocean is costing me a lot of money. I see it for about 3 seconds on my drive to/from work.
We plan to retire to Arizona and my goal is to have property taxes under $2,000. I can drive to the ocean in less than 7 hours from most parts of Arizona.
Just under $500 a year. I'm in a very low COL area (just north of Flint, MI, where it is semi-rural.) I do get the homestead exemption.
I have a tiny house, about 700 square feet. It was assessed last year at $14,800. And I own four city lots which come to just under a half-acre. Nothing fancy but I have no mortgage.
I pay $4,000 a year on a house assessed at $105,000 (full market value 100% assessment). I live in Central New York. This includes county/town/school taxes. Outrageous in my opinion, except I never hear anyone really complain about the high taxes in my community (or online in various forums). I am guessing it is because most people 1) are government workers; 2) are exempt; 3) don't pay.
How much do others pay in property taxes a year? I am planning to move soon and I am looking for an area of the country that has lower property taxes and less snow than 120 inches a year we get in CNY.
Is there a tax break on real estate for government workers? Please do provide a link.
Is there a tax break on real estate for government workers? Please do provide a link.
Government employees make good money and they know which side their bread is buttered. Meaning they don't complain about high property taxes as they can afford the outrageous property taxes which funds government salaries and benefits. No government employee wants to lose his/her job because the local government decides to cut property taxes by eliminating government jobs and/or pensions and benefits.
Government employees make good money and they know which side their bread is buttered. Meaning they don't complain about high property taxes as they can afford the outrageous property taxes which funds government salaries and benefits. No government employee wants to lose his/her job because the local government decides to cut property taxes by eliminating government jobs and/or pensions and benefits.
Sure, tell that a GS 4 or 5 especially after the recent furlough. BTW - why do you not get a government job, make good money and know where your bread is buttered?
You forgot to mention that in CA, due to prop 13, once you buy, your taxes can only go up 2% per year. That's 2% additional tax, assuming you make no taxable enhancements to the property. There are some senior seniors living in LA paying $500 per year on a $500,000 house!
Unfortunately, the state is forced to push most of the tax burden onto income tax. So CA might be a good place to retire young, where you know you'll be living in the same house for the rest of your life... but you don't want to get a W2 here.
Not exactly true...
Property tax can exceed Prop 13 with voter approval and only 55% approval is required for school infrastructure...
A family member owns a strip of land that is 10' wide and 100' long... it is a driveway and value at $2,000
The Prop 13 tax is $20 and the 26 additional voter approved assessments another $700... so $720 for a strip of land valued at $2,000
Sure, tell that a GS 4 or 5 especially after the recent furlough. BTW - why do you not get a government job, make good money and know where your bread is buttered?
NYS/county employees make really good money (the state I live in and pay outrageous property taxes). There is no refuting that they have a good salary (I didn't say they were millionaires) for what they do, they have good benefits and pensions.
You can go to this site if you have a load of time to kill:
My jaw dropped on how much more NYS government employees make compared to what I and other private employees make in NYS.
Anyhoo, you are right, I wish I did have a good paying government job, unfortunately not all people can have government jobs, they don't give them out like candy on Halloween. So until I know which side my bread is buttered I need to move someplace that has cheaper property taxes, as I cannot afford what I am paying currently.
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So until I know which side my bread is buttered I need to move someplace that has cheaper property taxes, as I cannot afford what I am paying currently.
