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Old 06-03-2014, 04:03 PM
 
Location: The Woods
16,958 posts, read 22,274,224 times
Reputation: 9066

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High property taxes will continue concentrating property into the hands of the wealthy, robbing the majority of the people of their rightful share of the land.
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Old 06-03-2014, 04:14 PM
 
13 posts, read 14,167 times
Reputation: 14
I went on nneren.com/
taxes showed a little more than 2400.00 dollars for the year. So realtor.com was wrong. Still seems much lower than dutchess county NY. You can buy a house in Dutchess county for 50,000 and pay between 4-6,000 a year in taxes and live in a bad neighborhood. I will need to do more research now that I know realtor.com are full of liars.

How does that tax relief work on income? Would someone making 50-60k qualify for relief? Is it on a sliding scale or does the relief cutoff completely once your income is above x amount?
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Old 06-03-2014, 04:20 PM
 
Location: VT; previously MD & NJ
2,206 posts, read 1,349,228 times
Reputation: 6344
Quote:
Originally Posted by jasonhpi View Post

How does that tax relief work on income? Would someone making 50-60k qualify for relief? Is it on a sliding scale or does the relief cutoff completely once your income is above x amount?
You have to read the rules in the link I gave above in post #4. It's complicated, but you can get some tax relief making as much as $97,000 per year.

I'm no expert. I found this info by doing research on city-data and the state tax website.
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Old 06-03-2014, 04:21 PM
 
2,084 posts, read 2,155,241 times
Reputation: 1993
seems to me that realtor.com will show the actual property taxes for NY state homes, NH homes, but do not show the property taxes for VT and for homes in Maine for some odd reason..under property history for each particular home for sale. All in all, I don't think anywhere in New England is a reasonable, and affordable place to live for those who are lower to middle class. Just a pricy part of the USA, and Maine has the highest excise taxes in the USA....for cars, along with highest heating costs. Cause all the homes are oil heat. Though there are a few counties in Maine near the NH border, or up in Northern Maine that have low property taxes.
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Old 06-03-2014, 05:16 PM
 
Location: Vermont
5,439 posts, read 14,784,739 times
Reputation: 2630
I think you would get a decent deduction in your taxes.
there is a work sheet that will tell you your adjustment, but i am not sure if you'll be able to find the info needed without doing a little more work, you need the breakdown of the municipal and school tax, plus the school code. which is on the 2nd tab of this xls... the limit is 90k-105k so you would be well below it.

http://www.state.vt.us/tax/pdf.word....alculation.xls

Homestead Declarations and Property Tax Adjustments

you might need to get a tax card from the town to show the break down and try to get a better idea.
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Old 06-03-2014, 06:08 PM
 
Location: The Woods
16,958 posts, read 22,274,224 times
Reputation: 9066
Quote:
Originally Posted by starrider434 View Post
seems to me that realtor.com will show the actual property taxes for NY state homes, NH homes, but do not show the property taxes for VT and for homes in Maine for some odd reason..under property history for each particular home for sale. All in all, I don't think anywhere in New England is a reasonable, and affordable place to live for those who are lower to middle class. Just a pricy part of the USA, and Maine has the highest excise taxes in the USA....for cars, along with highest heating costs. Cause all the homes are oil heat. Though there are a few counties in Maine near the NH border, or up in Northern Maine that have low property taxes.
Maybe a lot of homes in Maine have oil heat in them, but there's nothing stopping you from burning wood instead, and woodlots are cheap in Maine too.

Wood heat is good here too but VT land is expensive.
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Old 06-03-2014, 06:28 PM
 
Location: Live - VT, Work - MA
819 posts, read 1,270,234 times
Reputation: 606
Quote:
Originally Posted by jasonhpi View Post
I went on nneren.com/
taxes showed a little more than 2400.00 dollars for the year. So realtor.com was wrong. Still seems much lower than dutchess county NY. You can buy a house in Dutchess county for 50,000 and pay between 4-6,000 a year in taxes and live in a bad neighborhood. I will need to do more research now that I know realtor.com are full of liars.

How does that tax relief work on income? Would someone making 50-60k qualify for relief? Is it on a sliding scale or does the relief cutoff completely once your income is above x amount?
Depending on where you are looking in VT, I wouldn't advertise you are looking for or receiving tax relief......it may not go over well with the folks paying full boat.......or more.....
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Old 06-03-2014, 07:04 PM
 
2,084 posts, read 2,155,241 times
Reputation: 1993
plus there are no property tax exemptions for service connected veterans anywhere in NY and in New England, I love the area, and I am from there originally,....but I wont see my money pour down the drain there in my retirement years, when there are so many other parts of the USA have much lower utility costs, no taxes on personal property, lower property taxes, and exemptions for veterans.

Last edited by folkguitarist555; 06-03-2014 at 07:40 PM..
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Old 06-04-2014, 04:42 AM
 
Location: Near the Coast SWCT
69,240 posts, read 51,455,826 times
Reputation: 11452
My Dad pays $21,000 a year in taxes. 1/3 acre lot. 2700 sq ft home. That should make us all feel better now. lol He's in a suburb outside NYC close to coast.

I pay $7000/yr only 25 minutes from him in a woodsy area of CT. 1/2 acre lot. 2500sq ft home.
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Old 06-04-2014, 11:42 AM
 
2,084 posts, read 2,155,241 times
Reputation: 1993
and folks in South Carolina, Idaho, Wyoming, and Arkansas for example, ... pay maybe around 1000 a year for a 2500 sq ft home with a few acres...
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