[BPt111]

Do u Agree ?






1 Bridgeport, CT

This city has the highest population of any city in the state of Connecticut, with approximately 144,229 people. The city is located along the Long Island Sound and is one of the outlying suburbs of New York City.
While it may not be the largest city in the United States, citizens here have the highest tax burden compared to other major metropolitan areas. In 2010, an average family three likely paid 21.4% of the income, or $10,708 in various state and local taxes.
Of course, the news is not all bad for residents of these states. Some state and local taxes can be deducted from federal taxes.
For taxpayers who must pay state taxes, H&R Block can help file state returns as well as federal returns.


#2 Philadelphia, PA

Besides being known for its part in the nation’s history including being the home of the Liberty Bell and Ben Franklin, Philadelphia was home to over 1.5 million people in 2010. It is one of the earliest U.S. cities, with a founding date of 1701.
In addition to its rich history, taxpayers in Philadelphia also enjoy one of the highest tax burdens in the nation. In 2010, a typical family of three would have paid $6,928, or nearly 14% of their income in various state and local taxes.








Bridgeport and Philadelphia Top List of 10 Most Taxed Cities in America | Block Talk - The H&R Block Official Corporate Blog

[DarkWolf]

That list is crap , wheres NYC?

[Stratford, Ct. Resident]

It's probably best to review the specifics of the study: http://cfo.dc.gov/cfo/lib/cfo/10study.pdf (broken link).

The thing that really jumped out at me was that #2 Philadelphia had a much lower tax burden than #1 Bridgeport. Supposedly Bpt. had a 50% greater burden than #2. Huh?

If you look at the numbers in the link above, you'll figure out pretty quickly where it was that they screwed up on this one.

[Stylo]

Bridgeport does have insane property taxes, but I'm surprised it's #1. I have a relative in Union City NJ that seems to pay more relative to their home, but maybe not.

[Stratford, Ct. Resident]

Originally Posted by Stylo

Bridgeport does have insane property taxes, but I'm surprised it's #1. I have a relative in Union City NJ that seems to pay more relative to their home, but maybe not.

According to the study, the hypothetical Bridgeport family that earns only $50K owns a home that is worth $320K and carries a $8800 tax bill.

Cut both of those numbers in half, and then you'll be in the ballpark for the "typical" $50K Bpt. family.

Think about it, a $320K home would translate to a minimum $250K mortgage for this typical family, plus ~$725/month for taxes! It really isn't feasible when you look at the numbers. If there was anyone in this boat, i'm pretty confident that they've bailed out of that boat by now.

[smackfu]

Originally Posted by Stylo

Bridgeport does have insane property taxes, but I'm surprised it's #1. I have a relative in Union City NJ that seems to pay more relative to their home, but maybe not.

The study only calculated the numbers for the largest city in each state, which doesn't seem particularly valid to me.

[Arm&Hammer]

This is load of crap, seriously...

[7 Wishes]

Not buying it, I think more cities in NY, NJ, MA (and CT too) would be on this list. Everyone know as a whole we're by far the most taxed region in the US.

[Stylo]

Originally Posted by 7 Wishes

Not buying it, I think more cities in NY, NJ, MA (and CT too) would be on this list. Everyone know as a whole we're by far the most taxed region in the US.

Hartford has an obscenely high mill rate (71.79) compared to any city in CT, including Bridgeport. New Haven and Waterbury's are slightly higher than Bridgeport in the low 40's. I think they were just comparing the biggest city of each state. Bridgeport's is still high (39.64), but not the absolute highest.

Then again, Hartford seems to be another city in CT where the assessments seem WAY lower than actual values, so actual taxes on homes aren't totally astronomical. I think some CT cities flub their numbers purposely. Maybe Hartford does this to collect more tax money from motor vehicles. Who knows.

Example: http://www.zillow.com/homedetails/82...58141407_zpid/

Sold for $632,500 recently, tax assessment is $184,387. Quite the disparity.

[westender]

Hartford's mill rate is higher, because it has an exception (only city in the state like this) to the assessment calculations.

Hartford homes are assessed at approximately 30% of market value, compared to 70% in the rest of the state (and 70% for commercial buildings in Hartford). To get an apples-to-apples comparison you have to multiply the residential mill rate by 0.4 to get the equivalence). The mill rate of 74 in Hartford translates approximately to 31 in the rest of the state (again, for single-family residences only).