Queen Creek - Why is housing so cheap there? or Why is there so many foreclosures in that community? (Phoenix: crime rate, new home)

[Nice Nice Baby!]

Yes, and the cost to borrow decreased. Again our bonds got more expensive. This will force us to do more business domestically. Just part of the cycle. Next we'll see spending decrease after the holidays. Inflation is higher than what's reported as core. Times are changing faster, but bubbles may be good for the economy. You must predict the next one if the current bubble is commodities. Maybe it is guns or jewelry. Possibly stocks or bonds. Foreign currencies? Who knows....more debt is scary though.

[IcantSELLmyHouse]

Lots of good information here

[amatrine]

My Brother has a home in the San Tan heights. One problem, you have to take Elliot road to get in or out of there. It gets very congested and backed up. Just a two laner.
Accesability is the worst part some areas of Queen Creek. If you have time to waste sitting in traffic all morning and comming home in the evening, then go for it. I personaly would not want the trek from Queen Creek to my job, and the traffic wait. Its not worth it for the cheaper housing in my opinion.

[Nice Nice Baby!]

I know, I wouldn't want to live in Flagstaff and commute to Phoenix, but some people do.

[sablebaby]

Originally Posted by jorgitoz

Here's a link to queen creek's profile. Property taxes are going to vary from house to house based on their assessed value but you are looking around 1100-1300.
http://www.azcommerce.com/doclib/COMMUNE/queen%20creek.pdf (broken link)

I pay that now for a $300k house, though I don't live in QC. I think it will be a bit lower for that amount.

[jorgitoz]

Originally Posted by sablebaby

I pay that now for a $300k house, though I don't live in QC. I think it will be a bit lower for that amount.

Like I said, the amount you are going to pay for taxes is going to vary based on the assessed value of your house. When I say the assessed value of your house I don't mean what you think it's worth, I mean what the Maricopa County Assessor (or Pinal County for some parts of Queen Creek) determines what the value of the property is. The value of your house plus budget demands (varies depending on the tax area your house belongs to) is what makes up your tax to be paid, and it's the reason why you see tax increases in some areas while others remain the same (within the same city). I believe you pay that for your house. In fact I've seen $300K houses that paid only 475 last year!!!!(these were new builds that were assessed based on land value since no improvements were done at the time of the assessment) Keep in mind that taxes are paid in arrears, which is why you'll see an increase on your taxes even though your house decreased in value (more than likely). This is why it is important for people to vote and be involved in their community. If you don't vote you'll let others decide who runs the show in your area and their plans involving taxes might not be the best for you. One last thing, until you sell your house for $300K don't think it's worth that much!!

[londonbarcelona]

Originally Posted by Kabfon

Well I am glad to hear that there is not necessarely something wrong with the neighbourhood.....

You're kidding me right??????????????

[Nice Nice Baby!]

Real estate taxes in Pinal County are higher than Maricopa due to the tax structure. Pinal leans on real estate tax revenue more as Maricopa County can count on other tax for revenue.

[sablebaby]

Originally Posted by jorgitoz

Like I said, the amount you are going to pay for taxes is going to vary based on the assessed value of your house. When I say the assessed value of your house I don't mean what you think it's worth, I mean what the Maricopa County Assessor (or Pinal County for some parts of Queen Creek) determines what the value of the property is. The value of your house plus budget demands (varies depending on the tax area your house belongs to) is what makes up your tax to be paid, and it's the reason why you see tax increases in some areas while others remain the same (within the same city). I believe you pay that for your house. In fact I've seen $300K houses that paid only 475 last year!!!!(these were new builds that were assessed based on land value since no improvements were done at the time of the assessment) Keep in mind that taxes are paid in arrears, which is why you'll see an increase on your taxes even though your house decreased in value (more than likely). This is why it is important for people to vote and be involved in their community. If you don't vote you'll let others decide who runs the show in your area and their plans involving taxes might not be the best for you. One last thing, until you sell your house for $300K don't think it's worth that much!!

Yes, I know all this, I used to be a real estate agent. I bought my house for $301, but it has gone down a bit. The assessed value is always lower than the market value so the taxes are based off that.

[Nice Nice Baby!]

One county can still charge more than the next county in real estate tax per $1000. The ratio will be higher in Pinal compared to Maricopa. The original poster has a correct assumption in the Queen Creek tax rate if in Pinal.