Property Taxes - What Are Your Numbers ?

[Scout333]

AL We live out in the county.
Prop. Tax is 780.00
Appraised value is 290,000
Sales tax in closest town 9.75%
No state income tax on retirement income including military, civil service, and social security. Reg. SIT rate is 5%
While getting our pistol permits we asked sheriff what the response time was to our house. His response was " Can you shoot? If so, it don't really matter now does it".

 

[Stoplight]

AL We live out in the county.
Prop. Tax is 780.00
Appraised value is 290,000
Sales tax in closest town 9.75%
No state income tax on retirement income including military, civil service, and social security. Reg. SIT rate is 5%
While getting our pistol permits we asked sheriff what the response time was to our house. His response was " Can you shoot? If so, it don't really matter now does it".

Scout,

Composed a nice response, but lost it...dang !!! Wll try again later...!


Stoplight...

 

[burrocrat]

OK, Burro...I get a laugh, along with the next Guy, from your posts ! OTOH, if you don't want to play for real in this particular thread, then just mark your posts as "satire"' and move along...I, on the other hand, appreciate what I think is true input from those who have responded so far here...just sayin'...


Stoplight...

it's all true. 127 per year. we take care of our own out here. and i don't wear much clothes besides at work. if i am joking though, i'll say so.

 

[WorkFE]

State ?


Stoplight...

uh, OHC, OK

 

[Atarrin]

About $6.5k property tax (~2.25%) - Not allowed to raise assessment by more than 10% per year (and they get close to raising it that much each year last couple of years)
8.25% Sales Tax
0% Income Tax
TX

 

[Stoplight]

it's all true. 127 per year. we take care of our own out here. and i don't wear much clothes besides at work. if i am joking though, i'll say so.

Burro,

I apologize for my cheap shot...I admit, I could NOT get my head around the idea that someone could possibly have a property tax bill of only $127 :nuts: That's just not within my scope of experience. However, if you say it's true, then it must be true !

Besides...JP vouched for you !

Again....sorry about that !


Stoplight...

 

[burrocrat]

Burro,

I apologize for my cheap shot...I admit, I could NOT get my head around the idea that someone could possibly have a property tax bill of only $127 :nuts: That's just not within my scope of experience. However, if you say it's true, then it must be true !

Besides...JP vouched for you !

Again....sorry about that !


Stoplight...

it's ok. sometimes i don't pay the taxes anyways. you can go 18 months before they start sending the tax lien sale letters with the red urgent stamp on them.

it does disturb me a little that jp knows so much about my property taxes though. i hope she don't have any evidence on the clothes part. google earth isn't that accurate is it?

 

[Stoplight]

AL We live out in the county.
Prop. Tax is 780.00
Appraised value is 290,000
Sales tax in closest town 9.75%
No state income tax on retirement income including military, civil service, and social security. Reg. SIT rate is 5%
While getting our pistol permits we asked sheriff what the response time was to our house. His response was " Can you shoot? If so, it don't really matter now does it".

Scout,

Too funny !!!

WOW, your property tax rate is low, too...like Burro's ! ...but you do have one of the higher sales tax rates...

For those who are retired, or thinking of retiring, that's an interesting nugget in your post...although the State has an income tax, it DOESN'T tax Fed retirement or SS ? Do they tax withdrawals from the TSP or IRA's as "income" ?

Dang...maybe I should've bought a place a little farther north or west, in Brewton or Foley !

...and Atarrin ? You Texas people ARE taking the award for the highest property tax rate !


Stoplight...

 

[Stoplight]

it's ok. sometimes i don't pay the taxes anyways. you can go 18 months before they start sending the tax lien sale letters with the red urgent stamp on them.

it does disturb me a little that jp knows so much about my property taxes though. i hope she don't have any evidence on the clothes part. google earth isn't that accurate is it?

I dunno...she "liked" your post, so I assumed that means she vouched for you, or at least your post !

Fortunately, Google Earth only has so much resolution, so we won't be subjected to seeing you in "clothing optional" mode !


Stoplight...

 

[Maricar19]

PA State Income Tax 3.07%
Sales Tax 6%, excluding food, clothing and basic necessities
Philadelphia City Wage Tax - 4% for Non residents, higher for residents
Wallingford, PA property/school/real estate taxes-paid $8200 last year, but excellent public schools
PA does not tax federal retirement pensions, SS and TSP distributions.(?) not sure on the latter.

 

[Stoplight]

PA State Income Tax 3.07%
Sales Tax 6%, excluding food, clothing and basic necessities
Philadelphia City Wage Tax - 4% for Non residents, higher for residents
Wallingford, PA property/school/real estate taxes-paid $8200 last year, but excellent public schools
PA does not tax federal retirement pensions, SS and TSP distributions.(?) not sure on the latter.

Maricar19,

Thanks for participating in the discussion !!!

What the heck is the Philly Wage Tax ? Another "ouch" !!!

Interesting to know PA also does not tax Fed retirement, SS, or TSP distributions in their State income taxes !

From what I'm hearing here, I guess I've been naive ! I'm beginning to think this entire discussion of retirement and taxes needs another look, although I've already "made my bed" !!! :nuts:

Maybe it'll help others who are contemplating retirement, and moving...


Stoplight...

 

[Scout333]

Do they tax withdrawals from the TSP or IRA's as "income" ?

Yes unfortunately those are taxed. But remember the initial contributions were deductible or "tax deferred" when made. One other benefit is that federal income taxes are deductible on the state returns. With a little tax planning you could probably avoid most AL state tax when withdrawals are taken out.

 

[Maricar19]

Philly believes it's a privilege to work in their historical and cultural laden, but filthy city!

Maricar19,

Thanks for participating in the discussion !!!

What the heck is the Philly Wage Tax ? Another "ouch" !!!

Interesting to know PA also does not tax Fed retirement, SS, or TSP distributions in their State income taxes !

From what I'm hearing here, I guess I've been naive ! I'm beginning to think this entire discussion of retirement and taxes needs another look, although I've already "made my bed" !!! :nuts:

Maybe it'll help others who are contemplating retirement, and moving...


Stoplight...

 

[Stoplight]

Philly believes it's a privilege to work in their historical and cultural laden, but filthy city!

Maricar,

LOL !!! I've BEEN to Philly many times, when I lived in Northern Maryland...gotta agree with ALL your comments !!!

..."It's a nice place to visit..."


Stoplight...

 

[Joe66]

Since florida has no income tax, the state get its money via property taxes and sales tax. I paid $3,800 in property taxes last year for a 4 bedroom, 2 car garage, 2,200 sq foot home.
The state has a 6% sales tax on everything except un-prepared food and medicines and some counties and cities piggy back on top of that to make it up to 8%. In my county the combined state and local sales tax is 7%

 

[Warrenlm]

Just immediately came to mind.
View attachment 32523

 

[Valkyrie]

Philadelphia wage tax is a temporary tax put in place during WWII until the war effort was over to support city services when there was over 40-50k people working at the Shipyard. Before the war there was less than 10k working there.
The city thinks the war effort is still ongoing.

NJ had the highest property taxes in the country.
1900 sq ft house 2 car attached garage 0.24 acre
$6500/yr, half of that is school tax for over paid teachers and support people. school bus lot has some very high end vehicles of the workers. all of the police drive SUVs with the higher fuel cost, all public work foreman and assistant foreman get a pickup truck to drive home and all have expensive vinyl labels advertising the town. democraps run the town. diesel trucks run for ever yet after the large tax increase a few yrs ago, mine went up $1200 in one yr, they buy all new $$$$ diesel trucks for public works, plus pave the school parking lots which didn't need to be paved, etc., etc., etc..
my plan is to leave the state.

 

[dougscott]

Since florida has no income tax, the state get its money via property taxes and sales tax. I paid $3,800 in property taxes last year for a 4 bedroom, 2 car garage, 2,200 sq foot home.
The state has a 6% sales tax on everything except un-prepared food and medicines and some counties and cities piggy back on top of that to make it up to 8%. In my county the combined state and local sales tax is 7%

Agree, but Florida also has a lot of fee's (occupational, licensing, road use, etc) (e.g: every time a registered vehicle is bought/sold 2x titles are sold at ~$80 each, plus the repetitive sales tax on each re-sell purchase price, road use and new/transfer registration fees). The sales tax also includes hotel "bed tax". Florida is privileged to have lots of tourist assistance with taxes. Consumption taxes is much better in a state with tourism.

 

[nasa1974]

1476 sqft on almost a half acre (.48) 88X240 almost another 240 deep all woods to the tracks (someone else owns that)
Market Value $198,300
2014 property tax $5710.00
State and County tax 8.5% (highest in the state)

 

[Maricar19]

Philadelphia wage tax is a temporary tax put in place during WWII until the war effort was over to support city services ....The city thinks the war effort is still ongoing.

NJ had the highest property taxes in the country....
my plan is to leave the state.

1. Philly- never knew about history of city taxes..good info
2. NJ - good move to get out of NJ, they tax almost everything when you retire..