Property Taxes

[Buster]

What is yours?...Most people squirrel away their taxes and insurance in an escrow account to cover theirs..I pay mine out of pocket as they come due..

My annual Property tax this year due at the end of the month (Tomorrow) is $3998.00...Oklahoma, Cleveland Co.

 

[nnuut]

4 GRAND!!! MOVE!!!!

 

[evilanne]

4 GRAND!!! MOVE!!!!

Don't move to Texas...Property Tax here is just under $6K, House in Wyoming, same approximate value, is under $1,800
(No state income tax in either state)

 

[WorkFE]

Don't move to Texas...Property Tax here is just under $6K

Where in Texas?

 

[evilanne]

Where in Texas?

San Antonio. It really depends on the value of the home, how long you owned property (max increase in home value 10%/year) and any exemptions. I just have homestead exemption which saves me about $300/year and have been here 11 years. Mother has been here 38 years, over 65 and her tax is $1600 for property $50K less than mine. My Uncle who lived in Dallas for 41 years & over 65 was a disable veteran--his property tax was only $250/year in 2004 (2016 Taxes <1/2 value my house currently ~$3K). So if you qualify for disabled veteran exemption, Texas may be a good option.

 

[WorkFE]

My Wife's Father lives in Dallas. He has never complained about taxes that I recall.
We are building a second home down on Lake Livingston. My Brother In Law lives there and taxes is one of the reasons we chose that location. We used to have a place in Kingwood, taxes ate me up there but really I just wanted our other place out of the congestion.
My Head Quarters is in San Antonio, I spend a week or so a year down there. Got a Nephew that has a home there and he is no fan of the taxes. Got another Nephew and Niece that live in Austin. They don't complain because they live in my Sisters second home.

 

[nnuut]

Mine was $1,000 but I'm an Old Fart and pay less. Central GA. isn't so bad I imagine Atlanta is a different story.

 

[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)

My 2016 taxes should be close to 2014 but I will have to look when I get home.

 

[nasa1974]

Similar thread back in June 2015.
http://www.tsptalk.com/mb/taxes-and-insurance/20980-property-taxes-what-your-numbers.html

 

[WorkFE]

Similar thread back in June 2015.

We had a home in Westland, Michigan then.
Wife decided that was not going to be her backup plan if anything happens to me. Heck, who would shovel the snow.
Sold that place, going to build a new place in Texas. My Sister is trying to get us to buy a place in Key largo.

 

[wam88]

My relatives live in Texas and their real estate taxes are high , but on the positive side there is no state income tax. I lived in Nebraska for 3 years and their real estate taxes rose from 2,200 to 2,900 on a $135,000 house - (that was 10 years ago) and you also had to pay state income taxes. I was glad to transfer.

 

[evilanne]

My relatives live in Texas and their real estate taxes are high , but on the positive side there is no state income tax. I lived in Nebraska for 3 years and their real estate taxes rose from 2,200 to 2,900 on a $135,000 house - (that was 10 years ago) and you also had to pay state income taxes. I was glad to transfer.

It is all relative. Sales tax here is 8.125% excluding groceries & medicine (I think). I'm still considering relocating to Cheyenne, but need to schedule a trip before making a final decision. Lived there for 5 years--sales tax about 3% less, property tax <1/3rd of Texas and no state income tax.

 

[burrocrat]

 

[Stoplight]

Similar thread back in June 2015.
http://www.tsptalk.com/mb/taxes-and-insurance/20980-property-taxes-what-your-numbers.html

Thanks, Nasa !!! When I saw this post, I thought about my post a few years ago, and all the responses I got !!! Thanks for sharing it with the new Guys !!!

...but I didn't go back and find it !!!

For the record :

- still in the same house (2155sf ; 1 acre lot)
- assessed value is now $153,170
- With various exemptions, the Fire District Assessment, and early payment credit, my real estate property tax bill for 2016 was $1,530.54


Stoplight...

 

[Buster]

I didn't know the other thread already existed, my bad.......Moderator should have merged the two without the big deal.

 

[RazorCat]

Primary residence -
2200 sq. ft.
3/4 acre lot
Assessed value $249,500.00
Property taxes includes 2 vehicles and bass boat
$2130.00 last year
Our primary residence is in the city limits of Texarkana, Arkansas so we pay no Arkansas state income taxes. It's called the Border City Exemption Law. The only one of it's kind to my knowledge. It was enacted decades ago so we can compete with Texarkana, Texas. Texarkana is split down the middle by the state line. Saves us between $6,000.00 and $7,000.00 in taxes annually.

Secondary residence (lakehouse) -
1400 sq. ft.
1/4 acre lakefront lot with covered boat slip
Assessed value $179,000.00
Property taxes includes a pontoon boat
$955.00 last year

On a side note, I was talking to my brother at Thanksgiving. He lives in the Highland Park area of Dallas in nice little 6,000 sq. ft. mansion complete with pool, 3 car garage, and apartment above it.
Assessed value $3.2 million
I almost passed out when he told me his property taxes. For the house, 2 - Range Rovers, and a Bentley convertible - $72,000.00.
The oil business has been good to him.
I need to ask him if I'm in the will. :laugh:

 

[Boghie]

Property tax is the only decent tax in Kalefornea.

Zillow on the condo is $360K. But, because of Prop 13 it used my purchase assessment value of $120K and can grow by at most 1% per year. Now paying about $1,500.

But, we Kaleforneans make it up with out income, sales, and fuel taxes. Not to mention our electricity, water, sewer, and other assorted 'fees'. So, we got it VERY bad around here...

 

[maui21ice]

For property taxes I pay about $1,150. Looking at some of you all's costs though, mine doesn't seem too bad. haha I pay a little bit more for school taxes, but overall not bad and decent on a Prison Guard salary.

 

[Globalpack]

This thread makes me want to move. Here on Long Island NY we live in a tiny bungalow style house with 2 small bedrooms and paying $3,042 property tax annually which is low compared to most in the area. Bigger but modest 3-4 bedroom houses costing $260,000 - $360,000 pay between $6,000 - $13,000+ in property taxes. What a scam.

 

[guppie]

4600 in Illinois, 1432 sq ft