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Old 06-21-2011, 08:29 AM
 
Location: Baltimore, MD
3,881 posts, read 7,305,657 times
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Having lived in Maryland (Baltimore) my entire life, I'd heard our property taxes were high and that its expensive to live here but I don't think I truly understood how much higher we pay just to own property (not me, yet still dreaming ). After reading a few posts of property taxes in other places, I think I'm starting to get how much higher we are.

Baltimore City's property taxes at something like 2%, so a house at $150k could cost $3000 + annually in taxes. I have also seen townhouses in the county for about $160- $170k going for $4500 - $5000 in taxes, some with $300 - $500 in HOA fees. That keeps homeownership for me, but a dream.

What I'd like to know is how much other's pay in property taxes annually, in what state and/or city. Also the value of the property.

I'd just like to see how different states compare. Thanks!
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Old 06-21-2011, 09:44 AM
 
Location: Austin
7,192 posts, read 17,782,988 times
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That's hard as it's not a state thing, it's a per city, per county, per entity thing. Just here in the Austin area, taxes range where I am at 1.9% up to 3.01% in another city. Most of the area is around 2.5%, some higher, some lower.

Dallas is mostly around 2.5% too, while Houston areas are closer to the 3% range.

Most homeowners file a "homestead exemption" so their tax base is lower. We have no state income tax either...
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Old 06-21-2011, 10:02 AM
 
Location: Martinsville, NJ
6,162 posts, read 11,241,563 times
Reputation: 3958
Quote:
Originally Posted by Miss Crabcakes View Post
Having lived in Maryland (Baltimore) my entire life, I'd heard our property taxes were high and that its expensive to live here but I don't think I truly understood how much higher we pay just to own property (not me, yet still dreaming ). After reading a few posts of property taxes in other places, I think I'm starting to get how much higher we are.

Baltimore City's property taxes at something like 2%, so a house at $150k could cost $3000 + annually in taxes. I have also seen townhouses in the county for about $160- $170k going for $4500 - $5000 in taxes, some with $300 - $500 in HOA fees. That keeps homeownership for me, but a dream.

What I'd like to know is how much other's pay in property taxes annually, in what state and/or city. Also the value of the property.

I'd just like to see how different states compare. Thanks!

A group called "The Tax Foundation" has this data available here, for the 792 counties in the US with populations of 65,000 or more.

Ranked by property taxes as a percentage of home value, Baltimore County Maryland is the 303rd highest taxed. Right near the middle. If you rank property tax as a percentage of income, you are 281st.

Last edited by Bill Keegan; 06-21-2011 at 10:27 AM.. Reason: Corrected the rank.
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Old 06-21-2011, 10:09 AM
 
Location: Baltimore, MD
3,881 posts, read 7,305,657 times
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Quote:
Originally Posted by Bill Keegan View Post
A group called "The Tax Foundation" has this data available here, for the 792 counties in the US with populations of 65,000 or more.

Ranked by property taxes as a percentage of home value, Baltimore County Maryland is the 347th highest taxed. Right near the middle. If you rank property tax as a percentage of income, you are 281st.
Oh well that's not very high at all.
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Old 06-21-2011, 10:34 AM
 
Location: Martinsville, NJ
6,162 posts, read 11,241,563 times
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I have to apologize. I didn't notice at first that Baltimore CITY and Baltimore COUNTY are each listed seperately on that chart.

Baltimore COUNTY Maryland is 431st among counties ranked by taxes as a percentage of property value, and 340th when ranked by taxes as a percentage of income.

Baltimore CITY Maryland is 303rd on the list of taxes as a percentage of property value, and 281st for taxes as a percentage of income.
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Old 06-21-2011, 11:44 AM
 
5,702 posts, read 16,185,719 times
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A thread was started not to long ago where someone provided a map of the U.S. and the tax rate for each state. It was pretty interesting. It is not a true scale though as others have mentioned it depends on the city, county etc. I grew up in MI and the property taxes can be pretty high. I didn't realize until friends and family moved to other states and in conversations we compared the costs.

Here are some examples...

One of my homes in MI was on a small lot approx 40 x 120. It was about 1200 sft, 3 bed, 1 bath. So so school district. 3500 a yr in property taxes. I paid 110k for the house.

A relative of mine lived two cities over. 2400 sft home on a small lot. 4 beds, 2 baths. Paid 165k. Better schools. 5k a year in property taxes

My cousin lives in Phoenix. 2800 sft house. Tiny lot. Paid 214k. 2200 a yr in property taxes.

Friend lives on Long Island. 1500 sft house. Unsure of lot size or what he paid 20 yrs ago. He pays 8k in property taxes a year.

Friend lives in Alabama. 2600 sft lot. 1/2 acre lot. Great schools. She paid 165k. She only pays 564.00 a year in property taxes.

I now live in Indiana. Paid 155k. 2000 sft house. 1/2 acre lot. Award winning schools. 1200 a yr in property taxes
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Old 06-21-2011, 11:49 AM
 
Location: The Triad (NC)
28,493 posts, read 62,136,122 times
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Quote:
Originally Posted by Bill Keegan View Post
Ranked by property taxes as a percentage of home value, Baltimore County Maryland is the 303rd highest taxed. Right near the middle. If you rank property tax as a percentage of income, you are 281st.
but that isn't Baltimore City

the city tax rate is about twice that of the county.
the one redeeming thing though is that the *assessments* are lower.

(I'm from B'more)
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Old 06-21-2011, 11:51 AM
 
Location: Baltimore, MD
3,881 posts, read 7,305,657 times
Reputation: 5139
Quote:
Originally Posted by fallingwater View Post
A thread was started not to long ago where someone provided a map of the U.S. and the tax rate for each state. It was pretty interesting. It is not a true scale though as others have mentioned it depends on the city, county etc. I grew up in MI and the property taxes can be pretty high. I didn't realize until friends and family moved to other states and in conversations we compared the costs.

Here are some examples...

One of my homes in MI was on a small lot approx 40 x 120. It was about 1200 sft, 3 bed, 1 bath. So so school district. 3500 a yr in property taxes. I paid 110k for the house.

A relative of mine lived two cities over. 2400 sft home on a small lot. 4 beds, 2 baths. Paid 165k. Better schools. 5k a year in property taxes

My cousin lives in Phoenix. 2800 sft house. Tiny lot. Paid 214k. 2200 a yr in property taxes.

Friend lives on Long Island. 1500 sft house. Unsure of lot size or what he paid 20 yrs ago. He pays 8k in property taxes a year.

Friend lives in Alabama. 2600 sft lot. 1/2 acre lot. Great schools. She paid 165k. She only pays 564.00 a year in property taxes.

I now live in Indiana. Paid 155k. 2000 sft house. 1/2 acre lot. Award winning schools. 1200 a yr in property taxes

Wow, those are some huge differences!
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Old 06-21-2011, 11:53 AM
 
Location: Baltimore, MD
3,881 posts, read 7,305,657 times
Reputation: 5139
Quote:
Originally Posted by MrRational View Post
but that isn't Baltimore City

the city tax rate is about twice that of the county.
the one redeeming thing though is that the *assessments* are lower.

(I'm from B'more)
Yeah, the issue I have run into in looking is that we can't afford the county because listing prices are too high and can't afford the city because taxes are too high.

I know a guy in Fells Point who rehabbed a gutted rowhome (gorgeous job) and was forced out when his taxes jumped from $5k to $8k. He can't even sell it.
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Old 06-21-2011, 12:03 PM
 
Location: Martinsville, NJ
6,162 posts, read 11,241,563 times
Reputation: 3958
Quote:
Originally Posted by MrRational View Post
but that isn't Baltimore City

the city tax rate is about twice that of the county.
the one redeeming thing though is that the *assessments* are lower.

(I'm from B'more)

See post # 5
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