NY and California the worst states to live in for HIGH taxes

[TMSRetired]

Originally Posted by Finn_Jarber

From my link:

According to Redfin, in May 2023, the median sale price of a home in Fort Lauderdale stood at $550,000, reflecting a 10.1% increase


Oh, ok, mine is May and yours is June. So May 2023 vs May 2022 = +10% and June 2023 vs June 2022 = -9%

I checked my place in Zillow and it was -0.4%

Because the Fed is pulling in their money via higher rates ...it's not so "free and easy" now.

I'm in a big tourist area...summer is our season. Hotel occupancy is down 20%.
It takes time for Fed interest rate changes to take effect. These are small signs that it's working to tame inflation.

[Dave_n_Tenn]

https://www.redfin.com/county/442/FL...housing-market

[AtkinsonDan]

"The poorest-performing states on this year’s individual income tax component are New York, California, New Jersey, Connecticut, and Hawaii."

^^^No surprises there.

California and Hawaii can offset their bad taxes and governance with great weather but the other three ... they make up my version of flyover country.

[johnsonkk]

Originally Posted by AtkinsonDan

"The poorest-performing states on this year’s individual income tax component are New York, California, New Jersey, Connecticut, and Hawaii."

^^^No surprises there.

California and Hawaii can offset their bad taxes and governance with great weather but the other three ... they make up my version of flyover country.

Correct. New Jersey created Jersey shore and is the armpit of the U.S.

[Dave_n_Tenn]

Imagine if CA & NY didn't have limits on property tax increases.

[albert648]

Originally Posted by Dave_n_Tenn

Imagine if CA & NY didn't have limits on property tax increases.

It wouldn't surprise me at all if they were eliminated soon.

They're in a pissing contest over which state can be the biggest parasite to its taxpayers.

And even with the "limits" on property taxes, the state income tax in either state alone would exceed all of my property taxes here in TX.

[serger]

Originally Posted by Dave_n_Tenn

Imagine if CA & NY didn't have limits on property tax increases.

Imagine? It's called Texas, lol.

P.S. Well, ok, there is a 10% limit on the homestead taxable value increase, but that's it.

[Dave_n_Tenn]

Originally Posted by serger

Imagine? It's called Texas, lol.

P.S. Well, ok, there is a 10% limit on the homestead taxable value increase, but that's it.

Yes..., but when you factor in all the things that contribute to the "cost of living" includes, Texas doesn't looks so bad. In addition, we all know success and migration from other states, has a down side. People need services, roads, infrastructure, energy, schools, etc.

Wyoming is nice

[ocnjgirl]

Originally Posted by johnsonkk

Correct. New Jersey created Jersey shore and is the armpit of the U.S.

You probably don't even know it outside of the NY metro area and north Jersey.