Author Topic: What are your property taxes?  (Read 22422 times)

CowboyAndIndian

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Re: What are your property taxes?
« Reply #100 on: March 30, 2018, 03:37:39 PM »
Don't get me started. I am fuming as I type this.

Primary property $13500 for 1/3 acre property.
Investment property $13200 for 1/2 acre property.
Both located in NJ.

Fuming here too. $17.5k in Central New Jersey. 1/2 acre property. But as Dicey points out, the price of the house drives the amount of property tax.




CowboyAndIndian

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Re: What are your property taxes?
« Reply #101 on: March 30, 2018, 03:39:16 PM »
Don't get me started. I am fuming as I type this.

Primary property $13500 for 1/3 acre property.
Investment property $13200 for 1/2 acre property.
Both located in NJ.

But just think about all the benefits you get!

What benefits? Is that the 8% state income tax. Or is it the 7% sales tax.

So glad I am going to leave New Jersey.
« Last Edit: March 30, 2018, 04:16:05 PM by CowboyAndIndian »

seattlecyclone

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Re: What are your property taxes?
« Reply #102 on: March 30, 2018, 03:58:56 PM »
So...this is kind of another Frugalwoods thread...

In their spending report, they say they pay $6,895.63 in property taxes (on 66 acres!).  This is described as "high"- and Vermont often is listed as a high property tax state.


My state, is never on those lists.  But my annual property tax bill is over $6,000 and that is after a $1,800 military credit is applied. 
I live on a 1/3 of an acre lot.


But Iowa never makes the "high" property tax state lists.

So what are your property taxes?  Where you live is $7,000 for 66 acres high or low?  What about the same amount for 1/3 acre?

Our tax bill this year is around $8,000 for a 2,000 square foot house on a 0.09 acre lot. The county assessor values our property pretty evenly between land and house. Doing some extrapolating, if you owned a 66-acre lot in my neighborhood with only the one house on it you would probably be paying close to $3 million in property taxes...which is why nobody owns a 66-acre lot in my neighborhood.

There is an old mansion on Queen Anne hill that occupies an entire 1.6 acre city block. Total assessed value is $10.5 million, with a $100k property tax bill. Crazy!

Of course if you want to get into the truly crazy there's always Bill Gates' house with its $1.1 million annual property tax.

We have no income tax here; I feel pretty comfortable paying $8,000 plus some sales tax to fund my entire share of the state and local governments for the year.

SnackDog

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Re: What are your property taxes?
« Reply #103 on: March 30, 2018, 04:06:04 PM »
New Jersey has some of the highest rates, 2.37%, while Hawaii is about the lowest at 0.27%.  Most places are between 1 and 2%.  In a few states, including Texas, you can get a agricultural exemption if you earn a living off the land by growing something or having some livestock and this can greatly reduce your property taxes. 

skp

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Re: What are your property taxes?
« Reply #104 on: March 30, 2018, 04:56:36 PM »
Rural NE Ohio 2000 sq foot house on 3 acres.  $3200 a year, but I have to pay 1% school income tax.  We also get NO services- we pay for our own trash pickup etc.

dude

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Re: What are your property taxes?
« Reply #105 on: March 30, 2018, 05:40:05 PM »
My wife owns a house in CT, where taxes are also idiotic. $8200 on a property valued at $315k (that value -- market value, not assessed -- has been falling steadily for the past decade because CT is also seeing a net outflow of people on account of its shitty financial situation.

Basenji

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Re: What are your property taxes?
« Reply #106 on: March 30, 2018, 05:55:55 PM »
My tax rate is $1.13 per $100 assessment (done by the city) on house and land value. My home (~1600 sq. ft home) / land (0.17 acre) assessment is over $600,000, so >$6,800.
« Last Edit: March 30, 2018, 06:05:30 PM by Basenji »

TheWifeHalf

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Re: What are your property taxes?
« Reply #107 on: March 30, 2018, 06:22:53 PM »
Central Ohio
2400 sq ft home 1.25 acres (it's actually closer to 2, but I'm not sure the auditor realizes we have 2 lots and I'm not going to be the one to tell them)
$6,500/yr
Market Value $365k

My previous post
"NW Ohio
3600 sq ft home, value I think $275,000 (1/3 built 1915, 2/3 built 1992)
1 acre in a small town, with sidewalks and street lights
$3200"

We have 2 lots and get separate tax bills. The 2nd lot has no road access, it's behind the main one that's by the road.
The prop tax for the main lot is 3175, the back, 25.  Originally I think there was going to be a road to give the back access, but the lawyer who lived next door did whatever needed to be done to get rid of those plans.

Erica

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Re: What are your property taxes?
« Reply #108 on: March 30, 2018, 06:58:11 PM »
$1450 sq ft, 1/2 acre. $330 mo/$3950 yr

Northern California

Altons Bobs

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Re: What are your property taxes?
« Reply #109 on: March 31, 2018, 11:24:46 AM »
$16k+ in Texas, but no state income tax here.

Step37

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Re: What are your property taxes?
« Reply #110 on: March 31, 2018, 05:00:35 PM »
Roughly $4200
City assessment at 468k/market 550ish
1200 sq ft bungalow on 50’ x 135’ lot

beer-man

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Re: What are your property taxes?
« Reply #111 on: March 31, 2018, 05:50:09 PM »
$1800yr  2500sq ft. house, SW Florida

no state tax, 6% sales tax but incomes for working families tend to be lower

snogirl

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Re: What are your property taxes?
« Reply #112 on: March 31, 2018, 06:18:19 PM »
I live in Vermont, right now in South Burlington (rich town) on .65 lot with 2000 sq ft ranch assessed at 306k. My property taxes are $6,337.30 before my State prebate based on my income (I'm retired).
I just sold this house closing on it in May to move to the Northeast Kingdom, town of Brighton. My new house (10 years old) 1350 sq ft chalet on .75 acre. Taxes are $3200 before my State Prebate based on income.
House will be paid for (due to leaving rich town).

Sent from my XT1650 using Tapatalk


soccerluvof4

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Re: What are your property taxes?
« Reply #113 on: April 01, 2018, 05:56:15 AM »
2700 square feet .34 acre  3200$ a year.  Live in SE Wisconsin between two Major Cities in area where taxes exceed well over 50k a year.

Rural

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Re: What are your property taxes?
« Reply #114 on: April 01, 2018, 06:27:15 AM »
We may be most comparable in amount of land to the Frugalwoods in the thread so far at 25 acres. Tax on that and a ~1900sf house is right at $1,000 a year. That includes a conservation/timberland covenant on the land, though it’s not zoned agricultural, which would lower things even more. We may look into that after the covenant runs out as 2/3 surrounding tracts are agricultural.

Dicey

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Re: What are your property taxes?
« Reply #115 on: April 01, 2018, 06:53:36 AM »
That said, I'm always fascinated by the concept that the government owns all of the land and any upgrades to the land, like houses. Then, they charge the "owners" rent payments (taxes) in exchange for certain use rights. Ultimately, if you don't pay the rent, the property will be confiscated and you evicted. Seems like there should be a better way to fund our government than taxing property and is it a bit depressing to consider that under this system we never really own property in a fee simple fashion??

This is something that I, as an immigrant, found absolutely unbelievable. In the land of the free, nobody actually owns their property.
This is a huge part of why I advocate saving/investing before prepaying a cheap, fixed-rate mortgage. A "paid-off" home never is. Better to have shitload of compounded dollars available to pay the taxes, utilities, and upkeep in perpetuity. Sequence matters.

markbike528CBX

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Re: What are your property taxes?
« Reply #116 on: April 01, 2018, 07:39:41 AM »
$2800 for 2700 sq ft (250 sq meters) house built 1944 for Manhatten Project
11000 sq ft (0.25 acre, 1021 sq meters) land.

property taxes include school, and all other local taxes.

no income tax, 8.5% sales tax on non-food items, gasoline( petrol) is taxed extra hard (14% state tax, assuming premium gas, more % for cheaper grades).

feeling the need to graph all the data here....

edit for gas tax, and area conversions
« Last Edit: April 01, 2018, 08:28:38 PM by markbike528CBX »

YttriumNitrate

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Re: What are your property taxes?
« Reply #117 on: April 01, 2018, 04:39:09 PM »
Just curious, how many of you actually pay based on the size of the lot rather than its appraised value?
I do both. For my rental and primary residence, I pay based on the assessed value. For my hobby orchard I pay 2% of the state set base rate ($1850 in 2018) per acre.

better late

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Re: What are your property taxes?
« Reply #118 on: April 01, 2018, 06:12:30 PM »
We sold our clown house a few years ago -- taxes were over $17,000 per year for a $650k house. Lunacy.  we also pay state and local taxes. 

Silrossi46

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Re: What are your property taxes?
« Reply #119 on: April 01, 2018, 08:00:41 PM »
Tough subject for me as well.   Central nj here .  2900 sq foot home.  12,700.  Soon to be over 14,000 as I just added onto my kitchen/dining area.   

Interesting thing is I am a public employee into my 25th year and am 47 years old.  I will retire at 55 and have premium free medical as part of my retirement and also a six figure pension.  This to me is insane.  We pay into the pension at a rate of about 8% of our salary however if a person such as myself collects 30 years worth of this imagine the burden on the taxpayers???? Quite the ponzi scheme.   This must change.  It is driving people out of the area.   I am the first to admit this must change NOW! 

BFGirl

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Re: What are your property taxes?
« Reply #120 on: April 02, 2018, 06:40:20 AM »
$7800 for a 2200 Sq ft townhouse.  There are 2 special taxes just for my neighborhood because of all the parks.  The assessor keeps raising the value every year and I keep fighting to keep it lower.  It's possible the taxes may go so high that I can't afford living here in retirement.

MaybeBabyMustache

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Re: What are your property taxes?
« Reply #121 on: April 02, 2018, 08:06:11 AM »
Oh, @FireHiker  I got you, no worries. :-)

we live in the bay area. Property taxes are $36K/year. 2700 sq foot house, on 1/3 of an acre

clutchy

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Re: What are your property taxes?
« Reply #122 on: April 02, 2018, 08:24:09 AM »
$11k / yr. 

we're on 1.5 acres w/ a 4900sq. ft. house. 

Ohio... but it's mostly that it's a nice area w/ fantastic public schools.

FireHiker

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Re: What are your property taxes?
« Reply #123 on: April 02, 2018, 09:31:01 AM »
Oh, @FireHiker  I got you, no worries. :-)

we live in the bay area. Property taxes are $36K/year. 2700 sq foot house, on 1/3 of an acre

OMG your taxes are double what mine are! I love the bay area, but I think I'll stick to visiting. I think you definitely "win" this one (but oh, what a "win"!).

jjandjab

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Re: What are your property taxes?
« Reply #124 on: April 02, 2018, 10:17:27 AM »
Western MA - $19,748 this year :(   

We do live a massive clown house of close to 6000 sq ft on a 3 acre lot with beautiful mountain views... So, tax rate to house value is still less than many I read from NJ and IL (I think). Bought 6 years ago before finding this website. We are likely within a year or two of selling and moving on when kids down with high school.

We also pay sales tax, income tax and excise tax on cars - yay!. And to add to it, I work in VT as well, where the income taxes are higher than MA. Live and learn...
« Last Edit: April 02, 2018, 02:03:01 PM by jjandjab »

MaybeBabyMustache

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Re: What are your property taxes?
« Reply #125 on: April 02, 2018, 01:44:32 PM »
Oh, @FireHiker  I got you, no worries. :-)

we live in the bay area. Property taxes are $36K/year. 2700 sq foot house, on 1/3 of an acre

OMG your taxes are double what mine are! I love the bay area, but I think I'll stick to visiting. I think you definitely "win" this one (but oh, what a "win"!).

Oh yes, quite a "win". ;-) We have committed to staying until the kids are out of school. And then, we will find another option. Also, it pains me greatly that despite how much we're funding, our school district is one of the lowest funded in California. Parents are contributing a significant amount to keep class sizes low.

FireHiker

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Re: What are your property taxes?
« Reply #126 on: April 02, 2018, 02:17:43 PM »
Oh yes, quite a "win". ;-) We have committed to staying until the kids are out of school. And then, we will find another option. Also, it pains me greatly that despite how much we're funding, our school district is one of the lowest funded in California. Parents are contributing a significant amount to keep class sizes low.

We're likely to stay put until our kids are out of school as well, and then I look forward to downsizing somewhere much less expensive with trees and mountains. 12 more years since the youngest is in kindergarten. If possible we'll downsize to a smaller house before then, but with the property values the way they are it's likely our taxes would be the same or higher with a house half the size at this point, and with a much higher interest rate than we currently have, so it's not an immediate plan.

MaybeBabyMustache

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Re: What are your property taxes?
« Reply #127 on: April 02, 2018, 02:48:54 PM »
Oh yes, quite a "win". ;-) We have committed to staying until the kids are out of school. And then, we will find another option. Also, it pains me greatly that despite how much we're funding, our school district is one of the lowest funded in California. Parents are contributing a significant amount to keep class sizes low.

We're likely to stay put until our kids are out of school as well, and then I look forward to downsizing somewhere much less expensive with trees and mountains. 12 more years since the youngest is in kindergarten. If possible we'll downsize to a smaller house before then, but with the property values the way they are it's likely our taxes would be the same or higher with a house half the size at this point, and with a much higher interest rate than we currently have, so it's not an immediate plan.

We are closer than you (6 more years), but have the same challenge. Property values are going up so much, that even if we downsized, we wouldn't see much of a decrease (if any) in property taxes. Also, we're in a strange zoning situation for the school that makes options super limited. We waited two years to find a house in our neighborhood, and had our choice of exactly one house. Our house was built in the early 60s and has had little to no remodeling, so it's certainly not a fabulous palace, unfortunately.

BTDretire

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Re: What are your property taxes?
« Reply #128 on: April 02, 2018, 04:41:33 PM »
Don't get me started. I am fuming as I type this.

Primary property $13500 for 1/3 acre property.
Investment property $13200 for 1/2 acre property.
Both located in NJ.

But just think about all the benefits you get!

What benefits? Is that the 8% state income tax. Or is it the 7% sales tax.

So glad I am going to leave New Jersey.

 Well, I thought all that tax money being collected would give you great benefits as citizen of NJ.
Or, my comment was tongue in cheek!

wbranch

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Re: What are your property taxes?
« Reply #129 on: April 02, 2018, 07:35:09 PM »
Rural MN 2+ hrs from the twin cities my brother pays ~$3k a year on a 560 farm with mixed ag/timber land. 100 yr old house with some outbuildings. Amount is with homestead/ag exemptions.

My wife and I have 100 acres of woods and a shack nearby and it is $1,200/yr, before $1,300/yr timber certification program... Big $ with no homestead exemption/timber program.

The area is 17 miles to a small town grocery store, 40+ miles to a walmart.

Vilgan

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Re: What are your property taxes?
« Reply #130 on: April 02, 2018, 11:45:13 PM »
Everyone always talks about Seattle as a HCOL area, but threads like this really drive home how much better we have it than San Fran and how some things ARE reasonable here.

1600 square foot detached home in Seattle (Columbia City neighborhood), Redfin evaluates at about 850k, taxes last year were $5100. They'll probably pop up to $5600 this year due to the tax hike to pay for education but that's still pretty reasonable compared to what it sounds like happens in other places.

There's also no income tax, so as long as you don't go nuts buying things that get hit with the 10% sales tax its pretty reasonable.

We have a law in place that limits the levy increase from year to year to 1%. So even if property values go up a lot, as long as everyone's value goes up there isn't much increase in taxes. I'm sure our property taxes would be MUCH higher if not for the levy increase limit.

MaybeBabyMustache

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Re: What are your property taxes?
« Reply #131 on: April 03, 2018, 07:31:31 AM »
Holy cow, you all have crazy high property taxes from my perspective. I pay about $600/year on 1.2 acres with an ~1100 square foot house.

Just curious, how many of you actually pay based on the size of the lot rather than its appraised value?

For us, neither. Property tax is fixed for the life of the property based on sale value - taxes reset when you sell. So, my neighbors across the street bought in 1950s & are paying $800/year. We're paying $36k. . . You can see how this might result in a problem.
« Last Edit: April 03, 2018, 07:36:33 AM by MaybeBabyMustache »

Basenji

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Re: What are your property taxes?
« Reply #132 on: April 03, 2018, 07:34:06 AM »

markbike528CBX

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Re: What are your property taxes?
« Reply #133 on: April 03, 2018, 09:30:03 AM »
Basenji:  thanks for the link,
MPP: but now my histograms and data are superseded by better graphics

Fishindude

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Re: What are your property taxes?
« Reply #134 on: April 03, 2018, 09:55:59 AM »
We are paying about $9400 annually on home and 225 acre farm, $8,000 on Michigan lakefront home, and $1,100 on 20 acre IL property w/ cabin, so $18,500 going out annually for property taxes.
The farm ground is a bargain, the lakefront place is a rip off.

big_slacker

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Re: What are your property taxes?
« Reply #135 on: April 03, 2018, 10:37:24 AM »
Everyone always talks about Seattle as a HCOL area, but threads like this really drive home how much better we have it than San Fran and how some things ARE reasonable here.

1600 square foot detached home in Seattle (Columbia City neighborhood), Redfin evaluates at about 850k, taxes last year were $5100. They'll probably pop up to $5600 this year due to the tax hike to pay for education but that's still pretty reasonable compared to what it sounds like happens in other places.

There's also no income tax, so as long as you don't go nuts buying things that get hit with the 10% sales tax its pretty reasonable.

We have a law in place that limits the levy increase from year to year to 1%. So even if property values go up a lot, as long as everyone's value goes up there isn't much increase in taxes. I'm sure our property taxes would be MUCH higher if not for the levy increase limit.

We're in Carnation and pay $5600 for 2k sq ft on 1/2 acre. Probably be $6k this year. Despite being in a pop 2000-ish farm town we're still part of King county and paying for commuter trains we'll never use and so on. :)

But like you say, it could be worse and it's hard to complain much anyway given the lifestyle we get to live compared to other places where it's even more $$.
« Last Edit: April 03, 2018, 10:43:00 AM by big_slacker »

SimpleCycle

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Re: What are your property taxes?
« Reply #136 on: April 03, 2018, 11:43:38 AM »
This is related to every other COL discussion.  My perspective is that living in a fancy place is consumption, and I'm having a hard time with the complaining about property taxes from people who live in some of the wealthiest places in the country.  I have much more sympathy for people living in places where property taxes are high as a percent of home value, such as New Jersey, Texas, and Illinois.

FireHiker

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Re: What are your property taxes?
« Reply #137 on: April 03, 2018, 11:50:40 AM »
This is related to every other COL discussion.  My perspective is that living in a fancy place is consumption, and I'm having a hard time with the complaining about property taxes from people who live in some of the wealthiest places in the country.  I have much more sympathy for people living in places where property taxes are high as a percent of home value, such as New Jersey, Texas, and Illinois.

Fine by me, as I'm not looking for any sympathy, just threw my numbers out for comparison. I am definitely looking forward to the time when we're able to move somewhere less expensive though (stuck here at least temporarily for a handful of reasons, including job, shared custody of oldest kid, husband's aging parents). I am still stunned by the numbers in NJ, TX, and IL as well and my sympathy goes far more to those people than myself!

big_slacker

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Re: What are your property taxes?
« Reply #138 on: April 03, 2018, 12:57:21 PM »
This is related to every other COL discussion.  My perspective is that living in a fancy place is consumption, and I'm having a hard time with the complaining about property taxes from people who live in some of the wealthiest places in the country.  I have much more sympathy for people living in places where property taxes are high as a percent of home value, such as New Jersey, Texas, and Illinois.

Not saying I want sympathy either, but for us it's a career necessity past a certain point to live in a HCOL. That's simply where the work is above a certain level. It's a choice to work at that level for sure, but it's not for consumerist purposes as much as it is accelerating career and ultimately FIRE in a lower cost area.

And yeah, I definitely feel for folks that are hit at a way higher percent of home value, especially at lower income levels.
« Last Edit: April 03, 2018, 12:59:28 PM by big_slacker »

MaybeBabyMustache

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Re: What are your property taxes?
« Reply #139 on: April 03, 2018, 01:25:28 PM »
This is related to every other COL discussion.  My perspective is that living in a fancy place is consumption, and I'm having a hard time with the complaining about property taxes from people who live in some of the wealthiest places in the country.  I have much more sympathy for people living in places where property taxes are high as a percent of home value, such as New Jersey, Texas, and Illinois.

Not saying I want sympathy either, but for us it's a career necessity past a certain point to live in a HCOL. That's simply where the work is above a certain level. It's a choice to work at that level for sure, but it's not for consumerist purposes as much as it is accelerating career and ultimately FIRE in a lower cost area.

And yeah, I definitely feel for folks that are hit at a way higher percent of home value, especially at lower income levels.

1) not looking for sympathy, and it's kind of a strange assumption to make, when the question is "what are your property taxes". But, okay.
2) My job doesn't exist anywhere else. When I'm hiring for people for roles on my team, it can often take 2 years, and requires a relocation 90% of the time for the candidate.

seattlecyclone

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Re: What are your property taxes?
« Reply #140 on: April 03, 2018, 01:36:56 PM »
Everyone always talks about Seattle as a HCOL area, but threads like this really drive home how much better we have it than San Fran and how some things ARE reasonable here.

1600 square foot detached home in Seattle (Columbia City neighborhood), Redfin evaluates at about 850k, taxes last year were $5100. They'll probably pop up to $5600 this year due to the tax hike to pay for education but that's still pretty reasonable compared to what it sounds like happens in other places.

There's also no income tax, so as long as you don't go nuts buying things that get hit with the 10% sales tax its pretty reasonable.

We have a law in place that limits the levy increase from year to year to 1%. So even if property values go up a lot, as long as everyone's value goes up there isn't much increase in taxes. I'm sure our property taxes would be MUCH higher if not for the levy increase limit.

We're in Carnation and pay $5600 for 2k sq ft on 1/2 acre. Probably be $6k this year. Despite being in a pop 2000-ish farm town we're still part of King county and paying for commuter trains we'll never use and so on. :)

But like you say, it could be worse and it's hard to complain much anyway given the lifestyle we get to live compared to other places where it's even more $$.

Per this map, Carnation is outside the Sound Transit taxing district, so you shouldn't be paying for any of the light rail or commuter rail. You do have some portion of your taxes go toward King County Metro buses, which you're probably not using much out there.

boarder42

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Re: What are your property taxes?
« Reply #141 on: April 03, 2018, 01:47:54 PM »
5200 for a half acre lot with a 2800 sq ft lake front house.

TVRodriguez

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Re: What are your property taxes?
« Reply #142 on: April 03, 2018, 01:52:32 PM »
~$3000  RE Taxes
1300 sq ft house
0.17 acres

Miami, FL

Plus $5000 in HOI due to hurricanes

bandalbumsong

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Re: What are your property taxes?
« Reply #143 on: April 03, 2018, 02:04:01 PM »
~$2650/year with residential exemption
1000 sq ft condo, 1/10 acre lot
Metro-Boston

big_slacker

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Re: What are your property taxes?
« Reply #144 on: April 03, 2018, 05:28:02 PM »
This is related to every other COL discussion.  My perspective is that living in a fancy place is consumption, and I'm having a hard time with the complaining about property taxes from people who live in some of the wealthiest places in the country.  I have much more sympathy for people living in places where property taxes are high as a percent of home value, such as New Jersey, Texas, and Illinois.

Not saying I want sympathy either, but for us it's a career necessity past a certain point to live in a HCOL. That's simply where the work is above a certain level. It's a choice to work at that level for sure, but it's not for consumerist purposes as much as it is accelerating career and ultimately FIRE in a lower cost area.

And yeah, I definitely feel for folks that are hit at a way higher percent of home value, especially at lower income levels.

1) not looking for sympathy, and it's kind of a strange assumption to make, when the question is "what are your property taxes". But, okay.
2) My job doesn't exist anywhere else. When I'm hiring for people for roles on my team, it can often take 2 years, and requires a relocation 90% of the time for the candidate.

1) Did you check out the two posts before mine that you quoted? Go look, you'll get the sympathy comment.
2) You understand why simplecycle's comment about living in a wealthy/HCOL area isn't always just 'consumption' but sometimes a job requirement.

Per this map, Carnation is outside the Sound Transit taxing district, so you shouldn't be paying for any of the light rail or commuter rail. You do have some portion of your taxes go toward King County Metro buses, which you're probably not using much out there.

Dope, thanks for correcting me. I hadn't seen that map. It looks like the big hike in Carnation is just how King Co. decided to divide up the increases due to voter levies. A lot of it is going to schools. In other places, but ok.

http://www.king5.com/article/news/local/property-taxes-increase-in-king-county-up-31-in-carnation/281-515913361


Grande

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Re: What are your property taxes?
« Reply #145 on: April 03, 2018, 07:30:54 PM »
I pay $3200 a year in tax or my 1280 sq foot house in Western Mass. We may move to New Hampshire and are looking at 1700-2000 sq ft in the range of $250-280K. I expect to pay $8000-10K in taxes. There's no income or sales tax the property tax rate is ~$37 per $1000. NH has it's residents brainwashed in to think they pay low taxes. Nothing personal to NH or anyone that lives there.

meatgrinder

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Re: What are your property taxes?
« Reply #146 on: April 04, 2018, 01:44:55 PM »
~$7K property taxes on a 2,000 sq ft. 100 year old house in Seattle.  Assessed value of $800K. This has increased 100% in 8 years from $400K assesment when the property was purchased in 2010.  Where are all of the additional tax revenues going?

big_slacker

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Re: What are your property taxes?
« Reply #147 on: April 04, 2018, 05:42:11 PM »
~$7K property taxes on a 2,000 sq ft. 100 year old house in Seattle.  Assessed value of $800K. This has increased 100% in 8 years from $400K assesment when the property was purchased in 2010.  Where are all of the additional tax revenues going?

https://www.seattletimes.com/seattle-news/times-watchdog/seattle-went-on-a-government-spending-spree-with-a-deluge-of-taxes-six-figure-pay-and-officials-eager-to-do-more/


honeybbq

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Re: What are your property taxes?
« Reply #148 on: April 04, 2018, 06:55:37 PM »
Everyone always talks about Seattle as a HCOL area, but threads like this really drive home how much better we have it than San Fran and how some things ARE reasonable here.

1600 square foot detached home in Seattle (Columbia City neighborhood), Redfin evaluates at about 850k, taxes last year were $5100. They'll probably pop up to $5600 this year due to the tax hike to pay for education but that's still pretty reasonable compared to what it sounds like happens in other places.

There's also no income tax, so as long as you don't go nuts buying things that get hit with the 10% sales tax its pretty reasonable.

We have a law in place that limits the levy increase from year to year to 1%. So even if property values go up a lot, as long as everyone's value goes up there isn't much increase in taxes. I'm sure our property taxes would be MUCH higher if not for the levy increase limit.


Yes, but outside of CA and NY/NJ, it's pretty much the next highest COL, surpassing even Boston.
That said, I win big time being in a no state income tax state and happily pay my outrageous property taxes rather than 5-10% of my HHI.

littlebird

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Re: What are your property taxes?
« Reply #149 on: April 05, 2018, 05:57:22 AM »
Ugh that graph for Seattle is unreadable. Would have been better to just give the numbers/percentages.