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Old 10-20-2010, 10:02 AM
 
44 posts, read 138,809 times
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Hello,
My wife and I are considering a move at some point in 2011 to either Seattle area or Chicago area. We are in our low 30s and want to have kids in a year or two. My wife is in the US military so there are options in both cities and for me, I will most likely run my business from home, so location is more of a concern for her. Just curious, I notice that on most $225-275k priced homes, taxes are relatively decent IMO - $2000-4000 annually. Probably $3k is a safe average. In Chicago, it is quite different - the average there in the suburbs would be about $6500 per year. Quite a difference!!! I wanted to confirm with the locals in the PNW area that his is correct assumption. We are basing our decision on a number of things, but being able to comfortably live with an affordable mortgage is one of the keys for us.

Any feedback would be appreciated. Thanks in advance.
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Old 10-20-2010, 10:12 AM
 
9,638 posts, read 25,570,612 times
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Quote:
Originally Posted by tahoeman101 View Post
Hello,
My wife and I are considering a move at some point in 2011 to either Seattle area or Chicago area. We are in our low 30s and want to have kids in a year or two. My wife is in the US military so there are options in both cities and for me, I will most likely run my business from home, so location is more of a concern for her. Just curious, I notice that on most $225-275k priced homes, taxes are relatively decent IMO - $2000-4000 annually. Probably $3k is a safe average. In Chicago, it is quite different - the average there in the suburbs would be about $6500 per year. Quite a difference!!! I wanted to confirm with the locals in the PNW area that his is correct assumption. We are basing our decision on a number of things, but being able to comfortably live with an affordable mortgage is one of the keys for us.

Any feedback would be appreciated. Thanks in advance.
You have that right. Property taxes, depending on the city, are usually about 1.2% of the assessed value, so a 250,000 dollar place would have property taxes of around 3000 dollars.
Gasoline is pricey here, the sales tax is high, but property taxes are less than they are in a lot of places.
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Old 10-20-2010, 12:02 PM
 
44 posts, read 138,809 times
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Thanks - so 1.2% of property value is fair to say for the tax. Not bad. Thanks
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Old 10-20-2010, 08:42 PM
 
Location: US Empire, Pac NW
5,008 posts, read 11,582,889 times
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Keep in mind that the average cost of a home in the Seattle area (at least in the "more desirable" places) are in the $400k plus range. So, while the property taxes in the Chicago area are higher, the base price is higher here, so that makes up any savings you might think you have.
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Old 10-21-2010, 09:52 PM
 
44 posts, read 138,809 times
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Eskercurve - REALLY? We've been seeing a TON of nice homes in nearly every suburb surrounding Seattle in the $225-275k range. What would you consider "more desireable?"
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Old 10-21-2010, 10:01 PM
 
Location: WA
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A home larger than a 2 bedroom condo. I think eskercurve is talking about average price of a single family home.
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Old 10-22-2010, 12:25 PM
 
44 posts, read 138,809 times
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I saw so many 3-4 BR Single family homes for $225-275k. Looked very nice in suburbs all over the place!!!
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Old 10-22-2010, 02:06 PM
 
9,638 posts, read 25,570,612 times
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Quote:
Originally Posted by tahoeman101 View Post
I saw so many 3-4 BR Single family homes for $225-275k. Looked very nice in suburbs all over the place!!!
I think it depends on :
a. How far from Seattle proper
b. How important a good school district is.

Most of the under 275000 dollar homes would be south of Seattle, which generally have less good school districts, and the further away from Seattle, the less expensive it tends to get.
In Seattle proper ( except near the southern border) and in the eastside towns of Bellevue, Redmond, etc there are very few homes under 275,000 , but there are some half decent homes around 1/2 an hour south of downtown Seattle in that price range. Further north in places like Mountlake Terrace or further east in places like Snoqualmie, one is more apt to find more house for the money, but a longer commute.
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