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Old 05-13-2021, 06:58 AM
 
Location: Vermont
3,580 posts, read 1,291,015 times
Reputation: 5527

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Quote:
Originally Posted by marino760 View Post
Who in this country would buy a house and not know what the property taxes are going to be?
Someone in VT because, as a general rule, prop taxes here are based on some convoluted formula using your income and the value of your house. And the taxes are divvied up between town taxes and education tax. In my case, currently (and I have no kids in school and the school has a population of about 100 or so kids), town tax is about 1800 and the school tax is about 3000.
To add to the confusion, if your salary drops, as mine did because I retired last year, you get a 'subsidy' from the state. I am waiting to see this year what that is, if any.
And furthermore the town re-assessors were here the other day to update the 'grand list.' That valuation won't apply to anything until 2022....
It's ridiculous.
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Old 05-13-2021, 07:20 AM
 
12,951 posts, read 4,016,387 times
Reputation: 11233
Quote:
Originally Posted by Riley. View Post
Someone in VT because, as a general rule, prop taxes here are based on some convoluted formula using your income and the value of your house. And the taxes are divvied up between town taxes and education tax. In my case, currently (and I have no kids in school and the school has a population of about 100 or so kids), town tax is about 1800 and the school tax is about 3000.
To add to the confusion, if your salary drops, as mine did because I retired last year, you get a 'subsidy' from the state. I am waiting to see this year what that is, if any.
And furthermore the town re-assessors were here the other day to update the 'grand list.' That valuation won't apply to anything until 2022....
It's ridiculous.
Sounds about right for that state.

In Illinois, they decide how much money they want and then calculate a rate. You have a appeal every time you can because if you don't, your share of the pie gets bigger and bigger.
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Old 05-13-2021, 08:19 AM
 
Location: OC
9,005 posts, read 5,215,265 times
Reputation: 7141
I bought a house in OC before my move. Visited twice. It was risky and I went back and forth, back and forth. Gut wrenching decision. Now, my home is already worth 130k more than what I paid for it and I didn't dump 30k in rent over the last 9 months. So, it depends right?
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Old Yesterday, 06:30 AM
 
Location: Not the end of the Earth, but I can see it from here
4,676 posts, read 4,935,522 times
Reputation: 5108
Quote:
Originally Posted by Grlzrl View Post
Sounds about right for that state.

In Illinois, they decide how much money they want and then calculate a rate. You have a appeal every time you can because if you don't, your share of the pie gets bigger and bigger.
Which is one of the reasons why there's a massive exodus of people moving out of Illinois. Not to mention their politics are horribly corrupt...

RM
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Old Yesterday, 06:43 AM
 
Location: Cary, NC
37,820 posts, read 65,662,955 times
Reputation: 38226
Quote:
Originally Posted by Riley. View Post
Someone in VT because, as a general rule, prop taxes here are based on some convoluted formula using your income and the value of your house. And the taxes are divvied up between town taxes and education tax. In my case, currently (and I have no kids in school and the school has a population of about 100 or so kids), town tax is about 1800 and the school tax is about 3000.
To add to the confusion, if your salary drops, as mine did because I retired last year, you get a 'subsidy' from the state. I am waiting to see this year what that is, if any.
And furthermore the town re-assessors were here the other day to update the 'grand list.' That valuation won't apply to anything until 2022....
It's ridiculous.

Sheesh.
Can you share a county site, or similar, with information on that?
Not that I doubt you, because I know there are wildly different tax schemes around the country.


It would be good to have f"official" stuff for conversational purposes.
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Old Today, 10:58 AM
 
1,391 posts, read 1,115,094 times
Reputation: 1512
I bought my house in Florida last summer sight unseen except for a video tour my realtor did for me. I already knew the neighborhoods I wanted to be in since I’d visited them a few years ago. Covid made finding the right house a bit of a challenge but it all worked out well.
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