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I'd like to ask this here instead of calling agents who then won't leave me alone 😉
We're considering moving to Wilmington, looking at 5 bedrooms homes in the $300k price range (3000ish square feet). To me, the property taxes seem really, really low. Our home in Maine (5 bedroom, $250k, 3100 sq ft) costs us $2400 a year in taxes. My husband wondered if it was because home insurance is higher (not sure if there is really a correlation there, but whatever)? Our insurance is about $800 a year.
I'd also be curious about electricity and water costs for that size home. I read another thread on here, but people didn't really reference the size of their homes, so it's hard to compare.
Any insight would be greatly appreciated!
Last edited by Jharlow81; 07-09-2017 at 05:07 PM..
Reason: Add location
Our home in Maine (5 bedroom, $250k, 3100 sq ft) costs us $2400 a year in taxes.
Regardless of what you paid... what has the current fair market value become?
What is/was the assessment value amount ...and the mil rate in that ME County??
How would/do those ME numbers compare to New Jersey or North Carolina Counties?
I'm sorry, I'm not really sure what you're getting at. I put numbers up so I could get a fair/relative comparison. Property taxes on a $500k home or a $150k home don't really help me get an idea of what the costs on a $300k home would be. Unless you're saying that NC property tax rates aren't based on the home's value? And I don't really get where NJ comes into it other than I've never seen property taxes higher than there.
I'm just trying to get some ballpark numbers here, so I can have an idea of what to expect.
I'm sorry, I'm not really sure what you're getting at. I put numbers up so I could get a fair/relative comparison. Property taxes on a $500k home or a $150k home don't really help me get an idea of what the costs on a $300k home would be. Unless you're saying that NC property tax rates aren't based on the home's value? And I don't really get where NJ comes into it other than I've never seen property taxes higher than there.
I'm just trying to get some ballpark numbers here, so I can have an idea of what to expect.
You received some good information on the duplicate thread you posted on the Coastal Forum. Look there.
Thanks. I didn't intend to cross post. I realized that this post didn't make it into the subcategory I had wanted and I couldn't figure out how to delete this thread.
Thanks. I didn't intend to cross post. I realized that this post didn't make it into the subcategory I had wanted and I couldn't figure out how to delete this thread.
You can contact the moderator through the "report this thread" button, the red traingle, and ask them to merge or move a thread. You can only edit a post within 90 minutes (I think) of posting.
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