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Old 01-19-08, 11:34 AM   #1
FrankBattle 
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Ouch. Property Taxes.

Once a year, I look at the total ..

This [2007] year: $7,655.
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Old 01-19-08, 12:00 PM   #2
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holy ****, where do you live
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Old 01-19-08, 12:08 PM   #3
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Upstate NY
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Old 01-19-08, 12:50 PM   #4
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Total for 2007 $3560.00 I know how you feel
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Old 01-19-08, 12:53 PM   #5
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Total for 2007 $3560.00 I know how you feel
So, how are you going to vote on the property tax amendment?
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Old 01-19-08, 12:55 PM   #6
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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?
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Old 01-19-08, 01:01 PM   #7
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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.

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Old 01-19-08, 01:02 PM   #8
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Generally it's part of your mortgage payment.
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Old 01-19-08, 01:07 PM   #9
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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.

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No mortgage
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Old 01-19-08, 01:10 PM   #10
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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.
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Old 01-19-08, 01:15 PM   #11
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You sound like your from New Hampshire. It's not uncommon for residents of Durham (UNH town) to pay $10,000
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Old 01-19-08, 01:18 PM   #12
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Same part of the country.
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Old 01-19-08, 02:15 PM   #13
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vote no to admendment 1
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Old 01-19-08, 02:26 PM   #14
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$4500+ here. I kind of wish I could pay on my own instead of escrow
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Old 01-19-08, 02:31 PM   #15
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I dont own, but in my county the residential property taxes are about 2%
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Old 01-19-08, 02:32 PM   #16
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$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.

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Old 01-19-08, 03:09 PM   #17
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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.
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Old 01-19-08, 03:29 PM   #18
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$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.
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Old 01-19-08, 03:34 PM   #19
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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...

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Old 01-19-08, 04:57 PM   #20
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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)

Last edited by wfin2004; 01-19-08 at 04:59 PM. Reason: edit
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Old 01-19-08, 05:04 PM   #21
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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.
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Old 01-19-08, 05:06 PM   #22
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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.
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Old 01-19-08, 05:07 PM   #23
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Taxes just went up again. $12,000+ a year.

2nd highest taxes in the country. Nassau County, NY
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Old 01-19-08, 05:10 PM   #24
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Awesome 1000$ / month, plus mortgage and utils...that must be fun
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Old 01-19-08, 05:14 PM   #25
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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.
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