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Old 04-26-2008, 11:16 AM
 
6 posts, read 19,288 times
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My husband and I are thinking of moving to Kentucky. What is the minimum wage there? We are looking for a property with a house in the country and has at least 60 acres of land near Lexington or Louisville for $350,000 or less. I found a perfect place in Harrodsburg but I'm sure there are others. Also the property taxes there kinda confuse me. Someone told me you multiply the rate by the prchase price per thousand. So that being said, do yo only pay that amount each year or does it go up?

Say the rate was .978 the purchase price is $250,000
The total would be roughly $2,500 that is per year, every year?
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Old 04-26-2008, 06:23 PM
 
Location: Louisville KY Metro area
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With the purchase of such a property as you are discussing, how in the world does minimum wage play in your decision?

Yes on your tax calculation
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Old 04-26-2008, 07:17 PM
 
6 posts, read 19,288 times
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We will have plenty of equity to put down on a home since we are leaving the Seattle area and moving to Kentucky will be downsizing! I am a real estate agent so minimum wage doesn't really play into our move, I was just curious!
Thanks for your help!
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Old 04-27-2008, 05:51 AM
 
9,807 posts, read 12,896,672 times
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babyspeaches---i sure wouldn't buy--real estate--from an agent who didn't know that property taxes are paid every year.

I believe property taxes are a yearly occurence even in Seattle where you state you sell real estate.
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Old 04-27-2008, 07:27 PM
 
Location: Louisville KY Metro area
4,824 posts, read 12,476,629 times
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Quote:
Originally Posted by babyspeaches View Post
We will have plenty of equity to put down on a home since we are leaving the Seattle area and moving to Kentucky will be downsizing! I am a real estate agent so minimum wage doesn't really play into our move, I was just curious!
Thanks for your help!
I didn't mean to downplay the value of your question, but was terribly curious.
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Old 04-27-2008, 07:58 PM
 
6 posts, read 19,288 times
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Man, I have never met such rude people on the internet. You should be ashamed of yourself marmac. Thanks for the positive reply tomocox!
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Old 04-27-2008, 08:17 PM
 
Location: KENTUCKY
21 posts, read 63,904 times
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Marmac.

I think you read what she wrote wrong. She just wanted to know if the taxes went up every year. (We all hope they don't)

Check out the different counties for the tax rates. Every one is different. These are hard times but this is a great State and mostly wonderful people.

Like you I was a Realtor, now retired.

Good luck.
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Old 04-28-2008, 10:07 PM
 
6 posts, read 19,288 times
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Good to know there are kind people in Kentucky cactusflower. I appreciate your support fellow realtor! I just got into the "bizz" a few months ago. Any words of advice?
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Old 04-28-2008, 10:49 PM
 
Location: Middleton, Wisconsin
4,229 posts, read 15,065,444 times
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Wow those are some cheap property taxes! I wish we had them up here in Wisconsin. A 250,000 home around with property taxes is around $5-6K a yr.
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Old 11-17-2009, 07:57 PM
NCO
 
1 posts, read 2,782 times
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I am moving from Missouri to Kentucky next year. Currently my property taxes on a 170k home is $900.00 a year. Any idea how much the average property tax is in Hardin County on a 280k house?
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