Stoplight
TSP Pro
- Reaction score
- 17
Okay, so I got my preliminary estimate of my FL “property taxes” recently. I know each State and local government has different tax structures and sources of revenue... Here in FL, we’re touted as being a good place to retire, because we have no State income tax or variation thereof (“personal property tax”, etc etc), so my property tax bill is the only place I pay additional taxes, besides the State and local sales tax...I’m not counting other taxes, like gasoline, or “sin” taxes, etc.
I’ve never really compared how much I spent on taxes in Maryland (with a State income tax on both of our earnings) , vs. what I pay now in FL, when we moved back “home” in 2009 (both now retired). However, it got me thinking...I wonder how other TSP Talk member’s situation compares to mine ?
My intent is NOT to create a “b^#%h session about government, taxes, etc...save that for the “Politics” thread !!! If inclined, please join in and post what State you live in, and the following :
State income/”personal property” tax you paid last year :
Property tax you paid last year :
State and local sales tax rate :
Increase/decrease in assessed “Market Value” of your property over last year (as a percentage) :
Amount of projected “property taxes” (includes schools, water management district, fire protection district (in my case) ; also includes any homestead exemptions or the like, but excludes any early payment “discount”) :
Assessed “taxable value” of your property (after exemptions, etc) :
Just curious to see how property values are doing in other parts of the country, and what others are paying for the State and local government services they receive !!!
So I’ll start this with my info !
State income/”personal property” tax you paid last year :
None
Property tax you paid last year :
$1,582.60
State and local sales tax rate :
6.5% (7.5% the next County over !)
Increase/decrease in assessed “Market Value” of your property over last year (as a percentage) :
+6.2%
Amount of projected “property taxes” (includes schools, water management district, fire protection district (in my case) ; also includes any homestead exemptions or the like, but excludes any early payment “discount”) :
$1,641
Assessed “taxable value” of your property (after exemptions, etc) :
$125,898 (max)
Thanks for reading !!!
Stoplight...
I’ve never really compared how much I spent on taxes in Maryland (with a State income tax on both of our earnings) , vs. what I pay now in FL, when we moved back “home” in 2009 (both now retired). However, it got me thinking...I wonder how other TSP Talk member’s situation compares to mine ?
My intent is NOT to create a “b^#%h session about government, taxes, etc...save that for the “Politics” thread !!! If inclined, please join in and post what State you live in, and the following :
State income/”personal property” tax you paid last year :
Property tax you paid last year :
State and local sales tax rate :
Increase/decrease in assessed “Market Value” of your property over last year (as a percentage) :
Amount of projected “property taxes” (includes schools, water management district, fire protection district (in my case) ; also includes any homestead exemptions or the like, but excludes any early payment “discount”) :
Assessed “taxable value” of your property (after exemptions, etc) :
Just curious to see how property values are doing in other parts of the country, and what others are paying for the State and local government services they receive !!!
So I’ll start this with my info !
State income/”personal property” tax you paid last year :
None
Property tax you paid last year :
$1,582.60
State and local sales tax rate :
6.5% (7.5% the next County over !)
Increase/decrease in assessed “Market Value” of your property over last year (as a percentage) :
+6.2%
Amount of projected “property taxes” (includes schools, water management district, fire protection district (in my case) ; also includes any homestead exemptions or the like, but excludes any early payment “discount”) :
$1,641
Assessed “taxable value” of your property (after exemptions, etc) :
$125,898 (max)
Thanks for reading !!!
Stoplight...
It's better after you pass 65 years old.
