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Old 09-21-2006, 07:52 PM
 
12 posts, read 94,337 times
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We are in FL and thinking of relocating near Logan....
More then anything Im wondering about everyday expenses and homeowners insurance and if your property taxes jump when someone new buys the house. Like here they could jump a few grand or even 10000 just when you buy..how does it work there?? thank you Amy
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Old 09-21-2006, 09:01 PM
 
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That is a really good question.... I would like to know that too. I know in California anytime you buy a house you can pretty much expect your taxes to be based on your sales price. Of course, the tax rate here in Fresno is 1.25%, higher in some cities. Someone told me the tax rate was a lot lower in Utah. Anyone know if that is true?

Bratchatter, what made you think about Logan?
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Old 09-22-2006, 04:59 AM
 
12 posts, read 94,337 times
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I had never heard of it before, but my husbands company is thinking about relocating us there. It seems like a great time to get outof Florida. Plus I spent the 1st 1/2 of my young years in CA and cant wait to reconnect with my friends there....
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Old 09-22-2006, 11:03 AM
 
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We bought our home last year for about $178k. This year, they reassesed it for about $20,000 more. Honestly that's low, because the houses around us are selling for 225k.

I paid 1300 in property taxes last year. This year the rates were raised and the assessment was raised, so the taxes jumped to 1600

Insurance is about $750 on my house. I do have optional earthquake insurance which doubled the annual premium.
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Old 09-26-2006, 06:42 AM
 
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Hi coolcats....So they dont have any caps on how much your taxes can go?? Here in FL we have the save our homes cap..the taxes can only be raised 3% after the first full year you live there. They can raise it 3 % every year.

Wow 750 for insurance...ours is 1300 and that is cheap here. most pay 4000 or more...
thanks for the info
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Old 09-26-2006, 08:25 AM
 
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No there aren't any caps. There should be something, especially for those on fixed incomes. I guess when you don't have hurricanes targeting your state like a bullseye, insurance is less. The main natural disaster threats here are floods, landsides, and earthquakes depending on where you live.
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