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For comparison purposes, take a look at MLS # B368195 in Hamburg. Listed at $899,855 and the annual taxes are $18,148. This clearly doesn't support the theory that WNY property taxes are "many times" more than TX.
Again, I don't know what area in TX you're using as your basis but if it's in a major TX city or the suburbs of Dallas, Houston, Austin, San Antonio, etc. your #'s don't add up. Not even close.
I'm sorry to tell you, but one listing doesn't make it a trend. Secondly, the price that the house was evaluated at isn't always the selling price. I've heard of people who never get assessed for years, their taxes were $2000, then the get reassessed and go to $8000+.
My guess is that's the case, or else it's a typo/lie.
I'm sorry to tell you, but one listing doesn't make it a trend. Secondly, the price that the house was evaluated at isn't always the selling price. I've heard of people who never get assessed for years, their taxes were $2000, then the get reassessed and go to $8000+.
My guess is that's the case, or else it's a typo/lie.
SouthBound,
I want to start by saying I like your comtributions here for the most part... Now that the pleasantries are done we need to get to the facts.
This is neither a typo or a lie. I cited sources and a few mouse clicks by anyone can confirm. All you really need to do is look at tax rates on property in both areas. This is not rocket science. I used very high end houses because I was responding to the outrageous claim of another poster about an $850,000 property.... I was right. They were wrong by a texas mile.... You can look at the taxes that I and every Dallas County resident pays by going to dallascad.org. You can search appraisals by last name or by address. Look at anything and you will see I;m right. There is no trend to identify, it's just simple math and its current and it's real and it's 100% accurate.
What else can I say?
Im guessing he is single with no kids. The rate is 6.85% if you make between $20K & $200K but you also get $1000 exemption per dependent.
Our state income tax just isnt that bad on the middle class. For someone making under $200K our rates are lower than places like ........
Arkansas 7% > $31K - $23 exemption per dependent
California 8.25% > $37K & 9.55% > $47K
Delaware 6.95% > $60K
Hawaii - they have a tier that goes up every few thousand until it hits $200K (11% tax). Tax rates pass NY at $19K = 7.2%
Idaho - 7.8% > $25K
Iowa - 7.92% > 42K, 8.98% > $63K
Maine - 8.5% > $20K
Minnesota - 7.05% > $22K, 7.85% > $74K
Montana - 6.9% > $15K
Nebraska is they same rate but only offers $106 exemption per dependent
North Carolina - 7% > $12K, 7.75% > $60K
Oregon - 7% > $3K, 9%> $7K, 10.8% > $125K
Rhode Island - 7% > $33K, 7.75% > $82K, 9% > $171K
South Carolina - 7% >$13K
Vermont - 7% > $33K, 8.25% > $82K, 8.9% > $171K
Wisconsin is .10% less than NY but only offers $700 exception per dependent
DC - 8.5% > $40K
..... and if you have kids your taxes will be cheaper than other states with slightly lower rates but less (or no) exception for dependents. Im not going to take the time to go through all these other states but for example you can look at Connecticut which has a income tax rate of 5% but $0 exemptions for dependents. If you had 2 dependents & made $75K your taxes in Connecticut would be $3750, in NY they would be around $3100.
All this info is easily found/verified at the Tax Foundations website.
Im guessing he is single with no kids. The rate is 6.85% if you make between $20K & $200K but you also get $1000 exemption per dependent.
Our state income tax just isnt that bad on the middle class. For someone making under $200K our rates are lower than places like ........
Arkansas 7% > $31K - $23 exemption per dependent
California 8.25% > $37K & 9.55% > $47K
Delaware 6.95% > $60K
Hawaii - they have a tier that goes up every few thousand until it hits $200K (11% tax). Tax rates pass NY at $19K = 7.2%
Idaho - 7.8% > $25K
Iowa - 7.92% > 42K, 8.98% > $63K
Maine - 8.5% > $20K
Minnesota - 7.05% > $22K, 7.85% > $74K
Montana - 6.9% > $15K
Nebraska is they same rate but only offers $106 exemption per dependent
North Carolina - 7% > $12K, 7.75% > $60K
Oregon - 7% > $3K, 9%> $7K, 10.8% > $125K
Rhode Island - 7% > $33K, 7.75% > $82K, 9% > $171K
South Carolina - 7% >$13K
Vermont - 7% > $33K, 8.25% > $82K, 8.9% > $171K
Wisconsin is .10% less than NY but only offers $700 exception per dependent
DC - 8.5% > $40K
..... and if you have kids your taxes will be cheaper than other states with slightly lower rates but less (or no) exception for dependents. Im not going to take the time to go through all these other states but for example you can look at Connecticut which has a income tax rate of 5% but $0 exemptions for dependents. If you had 2 dependents & made $75K your taxes in Connecticut would be $3750, in NY they would be around $3100.
All this info is easily found/verified at the Tax Foundations website.
Great info., but people don't want to hear that though....
11 have significantly lower sales tax (inc the 3 above)
4 have huge dependent exemptions
16 have lower property taxes
Actually if you look at the overall tax burdens on that tax foundations website you see NY is has been consistently #1 (with a couple of years off) in overall tax burden
If you're a hunter you will likely spend that saved income tax $$$ on a hunting lease. Decent ones usually start at $2500 & up per hunter per year or some are available on a per day basis, usually $100+ depending on location, season, etc.
Due to the threat of hurricanes, floods, etc home owners insurance can be astronomical depending on where you live. I believe the average across the state is just under $1500/year, which is almost double NY's average (and NY is considered high).
Great info., but people don't want to hear that though....
I do as a matter of fact, but I see exactly what happened. Jblake simply cherry-picked the highest taxed states for the "middle-class."
Fair? No. Honest? No. Make NY look it has reasonable tax? Well, for the "middle-class" it has the lowest, so NY must have low taxes
Everyone knows that from rich to poor we get soaked by taxes. It's so bad that we invent new taxes on things that no one would ever imagine. We bend the rules to collect a little more. NY is the worst state tax-wise.
I don't make tons, but I've compared the amount of disposable income I would have here compared to Columbus, Richmond, Knoxville, and Raleigh (4 cities I like), and I end up with between ~5%-20% more everywhere. That's money that I can put towards my eventual retirement.
But New York doesn't care about it's citizens, all they care about are keep the unions happy. And they use my money to do that.
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