U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Kentucky > Louisville area
 [Register]
Louisville area Jefferson County
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-01-2008, 02:30 PM
 
221 posts, read 707,694 times
Reputation: 53

Advertisements

I may be moving to Louisville for a possible job in the next few months from PA where we are taxed when we go to the bathroom (not really, but it seems like we are taxed for everything here). Seriously, the real estate and school taxes are 40% of our monthly mortgage payment. We did not know that school tax was added onto and based on the real estate taxes we did know about and figure into our budget. (We pay about $4500/year on a house we bought 8 years ago for $108k. A practically identical house next door could pay $1000 less per year as crazy as our tax figures are here.)

Having moved here from TN where taxes are quite low, we didn't figure enough for taxes when planning to live here, and we don't want that to happen to us again.

So now to the question: We will be looking to buy a house for $200-250k in Louisville. I know from reading other threads here that depending on the area our real estate taxes in Louisville will be something like $1.00-$1.20 per $1000. But will there be additional taxes, like a school tax, added onto that amount that I'll need to figure into our monthly mortgage/tax payment?

Also, what are state and personal property taxes like in KY?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 02-02-2008, 08:56 PM
 
Location: Louisville KY Metro area
4,824 posts, read 13,524,545 times
Reputation: 2145
First of all your last question. You can expect to pay between $ 0.75 and $1.40 per $ 100.00 of your property's fair market value. This should include city & county governments plus school taxes and any special districts such as fire, ems, sewer, etc.

Secondly, there may be a $ 0.20 difference more or less for your specific address than the property next door. The only way to actually determine your property's tax is to contact the Property Valuation Administrator (PVA).
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2008, 07:16 AM
 
221 posts, read 707,694 times
Reputation: 53
Thanks for that clarification, tomocox.

Is there a separate school tax added onto this, or is that included in property taxes?

How are schools funded there?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2008, 03:01 PM
 
Location: Louisville KY Metro area
4,824 posts, read 13,524,545 times
Reputation: 2145
I included school taxes in my numbers. Jefferson County's school tax is 61.5 cents per hundred dollars property value, Anchorage is 98.2, and Oldham County has a 65 cent rate according to the Kentucky Revenue Cabinet http://revenue.ky.gov/NR/rdonlyres/9...teBook5207.pdf.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2008, 04:39 PM
 
221 posts, read 707,694 times
Reputation: 53
Thanks. That helps a great deal. I looked at those websites but not knowing how taxes work there, it's confusing.

Basically, taxes are about 65% less than ours in Pittsburgh for the equivalent property. Amazing.

Which makes me wonder why, if anyone has the choice to live anywhere they want (a big if to be sure), why would anyone live in the northeast? When the snob factor goes away, there's not going to be anyone who can leave left here.

I'm just saying . . . not to offend anyone. I'm a damn Yankee still, but seriously, I think the South has finally won the Civil War economically.

Again, thanks for your help.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2008, 04:50 PM
 
Location: Louisville KY Metro area
4,824 posts, read 13,524,545 times
Reputation: 2145
Quote:
Originally Posted by Windwalker View Post
Thanks. That helps a great deal. I looked at those websites but not knowing how taxes work there, it's confusing.

Basically, taxes are about 65% less than ours in Pittsburgh for the equivalent property. Amazing.

Which makes me wonder why, if anyone has the choice to live anywhere they want (a big if to be sure), why would anyone live in the northeast? When the snob factor goes away, there's not going to be anyone who can leave left here.

I'm just saying . . . not to offend anyone. I'm a damn Yankee still, but seriously, I think the South has finally won the Civil War economically.

Again, thanks for your help.
Funny thing... Kentucky is as much north as south. We are actually the pivot point for far more economic activity than often given credit for. With the convergence of several major highways, principle rail routes, a huge portion of US river traffic, and mmm.. lets see.... there is something I seem to be forgetting....

oh, yeah... the best of the best in air cargo with UPS in Louisville, which also has the cheapest air connections to any US Airport, and with CVG (also known as Cincinnati International) plus, plus, and plus... KY is a great place to raise a family, build a career, and retire in comfort.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2008, 05:19 PM
 
221 posts, read 707,694 times
Reputation: 53
Yeah, KY is like WV--a border state that decides which it wants to be (north or south) moment by moment, it seems to me. MD seems the same as well.

I noticed the airfare from Louisville is cheaper than many other cities I'm considering. Now I know why.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-14-2008, 08:49 PM
 
221 posts, read 707,694 times
Reputation: 53
So I found a house for sale for $160,000. The disclosure sheet lists the StCty tax as .867. So .867 x 160 = about $138? That can't be. So what's missing?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-15-2008, 04:44 AM
 
Location: Louisville KY Metro area
4,824 posts, read 13,524,545 times
Reputation: 2145
A zero... your rate is per $ 100, not $1,000.

If you will PM me with the exact address, I will attempt to give you a more accurate review.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-15-2008, 12:48 PM
 
221 posts, read 707,694 times
Reputation: 53
Ah! Duh! Thanks. That makes much more sense. (Obviously math's not my strong suit!)

Will do.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Kentucky > Louisville area
Similar Threads
View detailed profiles of:

All times are GMT -6. The time now is 03:57 PM.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top