Foo - Ouch. Property Taxes.

Once a year, I look at the total ..

This [2007] year: $7,655.

holy ****, where do you live

Upstate NY :D

Total for 2007 $3560.00 I know how you feel

Total for 2007 $3560.00 I know how you feel

So, how are you going to vote on the property tax amendment?

Once a year, I look at the total ..

This [2007] year: $7,655.

Question for a young n00b. Is this deducted from your paychecks throughout the year or is this something you're expected pay in a lump sump?

Question for a young n00b. Is this deducted from your paychecks throughout the year or is this something you're expected pay in a lump sump?

You don't have a mortgage, do you?

Couple of ways, through an escrow account with the mortgage company, or pay on your own in a lump sum each year.

East Hill

Generally it's part of your mortgage payment.

You don't have a mortgage, do you?

Couple of ways, through an escrow account with the mortgage company, or pay on your own in a lump sum each year.

East Hill

No mortgage

Question for a young n00b. Is this deducted from your paychecks throughout the year or is this something you're expected pay in a lump sump?
Escrow account. Your monthly mortgage is Principal+Interest+EscrowPayments/12. As taxes change yearly, what you need to have in escrow is adjusted yearly when the bank does the review.

It is not deducted as extra taxes, but in fact, you pay it as mortgage.

However, some people opt to pay this on their own .. very rare, but it happens. They often get in trouble as it's so easy to decide not to pay.

You sound like your from New Hampshire. It's not uncommon for residents of Durham (UNH town) to pay $10,000

Same part of the country.

vote no to admendment 1

$4500+ here. I kind of wish I could pay on my own instead of escrow

I dont own, but in my county the residential property taxes are about 2%

$4500+ here. I kind of wish I could pay on my own instead of escrow

Are you disciplined enough to set aside $400 per month on your own just for your property taxes?

If so, you are far more discliplined than many.

East Hill

Banks want you to escrow (taxes and insurance), but if you can force yourself to save it and invest every month. Why give the bank free money.

$4500+ here. I kind of wish I could pay on my own instead of escrow

You can, I think it depends on how long you have had your home loan.

In IL, we do 2 payments about 4 months apart. I'm at a little over $7k for 2200 sq. ft. and 1/2 arce, water, sewer, garbage are extra for me.

Banks want you to escrow (taxes and insurance), but if you can force yourself to save it and invest every month. Why give the bank free money.

Because most people aren't disciplined enough to save and invest...

East Hill

So, how are you going to vote on the property tax amendment?

What about Olebiker?


$5000 a year now down from $6000 last year due to H. exemption and reduction of rates. (Hillsborough County)

Banks want you to escrow (taxes and insurance), but if you can force yourself to save it and invest every month. Why give the bank free money.

My bank gives me money market interest rates on my escrow account. So there really isn't a good reason not to pay it monthly.

Wow. I thought mine was bad at $1050.00. Yet another reason why I did not move and just fixed my house up. I keep the tax scale based on when I purchased my house in 1989.

Taxes just went up again. $12,000+ a year.

2nd highest taxes in the country. Nassau County, NY

Awesome 1000$ / month, plus mortgage and utils...that must be fun :)

Here are my tax rates. One more reason I like Texas is no state income tax.
CRC RICHARDSON CITY 0.575160000
GCN COLLIN COUNTY 0.245000000
JCN COLLIN CO COM COLLEGE 0.086984000
SPL PLANO ISD 1.268400000

total 2.17554

My taxes should be around $3500 this year.

The side question is: Are you getting your money's worth for all the taxes you (we) pay? I know I'm not.

But I'm not sure what I'd want .. it just feels like I'm being robbed.

Curious, so for the higher tax rate do you expect more (or better quality) services? I know I do. In whistler we have some of the highest land tax rates in canada. With those taxes I would expect better transit, garbage pickup, mail service etc. Otherwise why pay more?

Its the opposite, mail service stinks, transit is deplorable, there is no garbage pickup, its dropoff only etc.

Just an observation, I wonder if only our bubble is like this.

I could argue that the quality of those services you listed have nothing to do with the amount you pay. The only thing, arguably again, that your tax money helps enable is that they exist .. not that they are top notch.

So you're saying because you (and some others) pay some money in taxes, the garbage man who works for peanuts is just supposed to give you better service?

Where I live, there is no garbage pickup, there are no street lights, I am not on the sewer, I have a well, and I pay for my utilities. My mail carrier is a regular citizen who is on contract. I pay, relatively speaking, a hefty amount. I don't know what I'm getting. Better schools? Puhleeze. Better legislators? Better police protection?

I'll admit, I don't really know how government works. I have some pie-in-the-sky ideas of how it should work, but I don't really know how it [really] works.

Around here, about 80% of property taxes pay for education. In Chicago, property taxes are half of what they are here in the burbs and Chicago schools really show that lack of money. We moved out to the burbs when our kids were starting school and we'll move back to Chicago when they graduate.

boo effin' hoo!

NOT

:)

Because most people aren't disciplined enough to save and invest...

East Hill

Direct deposit or monthly sweep into an account set up specifically for the annual property tax bill...that way you can gather the interest income.

The side question is: Are you getting your money's worth for all the taxes you (we) pay? I know I'm not.

But I'm not sure what I'd want .. it just feels like I'm being robbed.

One son just started public school, the other starts year after next. I think our local police and fire departments are great. My trash gets picked up twice a week. My recycleables once a week. I can call for bulky item pick up free of charge. The city runs a household chemical disposal faciltiy. They put on some great programs for the kids. Yeah, I get my money's worth.

G bless Prop 13 in California. I pay only $1,500 a year. Inherited a paid off home from my Dad. As He and my bro and sister signed off on my getting the house and property before he died it did not get reassessed. Rates increase at only 1% a year. Close neighbors who have had a title change can be paying ten times as much.

One son just started public school, the other starts year after next. I think our local police and fire departments are great. My trash gets picked up twice a week. My recycleables once a week. I can call for bulky item pick up free of charge. The city runs a household chemical disposal faciltiy. They put on some great programs for the kids. Yeah, I get my money's worth.
Good to know Bush got something right down your way.

Once a year, I look at the total ..

This [2007] year: $7,655.

::blink::

joisus mun, you surely don't lives in Ratchester!!!!!!!!! Although I just found out the city raised it's taxes (eh, that was expected), but for a "triangle in a centralized neighborhood" - it went up 10% - HA!!! - and that's here I just sold my house. Ugh.

But really -- 7 grand? hell dude .... you live on a lakeside? Manhattan apartment? Exclusive condo? :D

<thunk>

Friend's grandmother pays a grand total of $35.00 a year on 220 acres.
She's 111 and the rates are governed by her age.

::blink::

joisus mun, you surely don't lives in Ratchester!!!!!!!!! Although I just found out the city raised it's taxes (eh, that was expected), but for a "triangle in a centralized neighborhood" - it went up 10% - HA!!! - and that's here I just sold my house. Ugh.

But really -- 7 grand? hell dude .... you live on a lakeside? Manhattan apartment? Exclusive condo? :D

<thunk>
The standing joke around here is that all our **** rolls down to The City, including our tax dollars. I live in a "high rent" district ..

Friend's grandmother pays a grand total of $35.00 a year on 220 acres.
She's 111 and the rates are governed by her age.

After 85 you no longer pay property tax on real estate or autos in SC.

The standing joke around here is that all our **** rolls down to The City, including our tax dollars. I live in a "high rent" district ..

Well that's a given theme here too, monies roll to NYC ... which for people who do not live in NY, yes there are utha cities besides NYC. (:D Love running into people outta state and when they here I'm from NY - they ask me how it is to live in NYC - sorry dearies - I'm about 350 miles from it!)

G bless Prop 13 in California. I pay only $1,500 a year. much.

Amen to that. I pay about $1,800 a year.

Here are my tax rates. One more reason I like Texas is no state income tax.
CRC RICHARDSON CITY 0.575160000
GCN COLLIN COUNTY 0.245000000
JCN COLLIN CO COM COLLEGE 0.086984000
SPL PLANO ISD 1.268400000

total 2.17554

My taxes should be around $3500 this year.

We don't have a state income tax here in WA, either. Does TX have a wicked sales tax to compensate? Almost 9% up here. When the USD was stronger against the CAN dollar, my fiancee and I would make shopping trips to Vancouver. Now we pop down to Portland, OR (no sales tax.)

$1440 on our residence, $1600 on our rental. Both are 1900 sq ft. 3 bdrm 2 bath on a 1/2 acre in a very nice working class neighborhood.

If my houses were in NJ tax would be about $5000, NY $4500 apiece approx if in a similar type town.

If these houses were in the Philly burbs tax would be $4000-4500

My parents old house in CLT NC was $780. 5 bdrm 2400 sq ft. 12 acres. This was in the county of Mecklenburg, it was recently annexed into Charlotte city limits and it went up to $2200 with no increase in services.

Ah, you guys have nothing to complain about! My property taxes are going up 25% a year until they reach 10 times the current level, and they are introducing a separate tax on the house itself! :eek:

NY State is an amazing place. Liberals run amok in the tax department. Manufaturing disappearing, but
government growing. Taxes out the yin-yang. It it weren;t for Wall Street, everything there would crumble from lack of tax revenue. and are the schools better? crime less? roads better?

In California, I think, by far, most people do not use an impound account but pay the taxes in their two installments (December and April). I hear some lenders require an impound account with non-standard loans but even that waned when it became law that they had to pay regular interest on the impound.

I currently pay $9,000 per year in prop taxes in L.A. for a 3,200 sq ft single family home on a 100x150 ft lot. Although I finished paying off my 15 yr mortgage on this house last year I am not happy about my prop taxes.

God, this is depressing. I'm in Savannah.....7% sales tax, 500 for tags on an 07 Suburban, 4800 in property taxes for an 1800 sq ft 80 year old house downtown on .1 acre.....and the public school system is a complete joke once you get past elementary school.

We don't have a state income tax here in WA, either. Does TX have a wicked sales tax to compensate? Almost 9% up here. When the USD was stronger against the CAN dollar, my fiancee and I would make shopping trips to Vancouver. Now we pop down to Portland, OR (no sales tax.)

In our area (mine and Jsharr) sales tax is 8.25%. I prefer that to a state income tax.

In our area (mine and Jsharr) sales tax is 8.25%. I prefer that to a state income tax.+1.

Tennessee is much like Texas on taxes. No income tax, sales tax including local = 8.75% (or so).

Local property tax here in Knox County is 2.69% of assessed value (assessed value = 25% of last sales price) for an effective rate of 0.673% of sales price.

We don't have a state income tax here in WA, either. Does TX have a wicked sales tax to compensate? Almost 9% up here. When the USD was stronger against the CAN dollar, my fiancee and I would make shopping trips to Vancouver. Now we pop down to Portland, OR (no sales tax.)

Local sales tax is 8.25%. Grocery items are non taxable. State sales tax is 6% and applies only to major items, like automobile purchase and is in lieu of local sales tax. And since we do pay state sales tax, we get a deduction on federal tax return.