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Author: Subject: What are your real estate / property taxes looking like?

Maximum Peach





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  posted on 4/3/2018 at 07:59 PM
Here in northeast Ohio we pay 35% of the appraised value.

Local school district makes up 65% of the tax due.
We also pay towards Metro Park, Children Services, Developmental Disabilities, Library, Mental Health, TB Clinic, Senior Citizens, County Bond Retirement, County General Fund, Fire, and our Township and something called "special assessment".

A house the county says appraises for $250k has a taxable value of $87,500 calculating all the mills comes to $5,000 annual tax or $416 per month.

What does the tax in your area look like?

 
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Ultimate Peach



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  posted on 4/3/2018 at 08:38 PM
In California, the state property tax rate is 0.81% based on the purchase price. Counties and cities can, and do, add to that based on increases approved by taxpayers for local parks, fire districts, and schools. In general, plan on your annual property tax to be a little over 1% of the purchase price. Then, they adjust the tax for inflation at no more than 2% a year. The actual current value of the home has nothing to do with your tax rare after the purchase. This keeps people from no longer being able to afford your home due to increases of property value that you have no control over.

I purchased my current house last year for $935,000. My annual property tax was around $11,000.

 

Maximum Peach



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  posted on 4/4/2018 at 06:34 AM
Thanks 2112. That rate isn't actually as high as I may've supsected based on real estate values in CA.

Kicking around our online maps I found a home county says is appraised at $1.1m, the assessed taxable value is $412k which makes their annual property tax $21,687! A more rural home same county but different township and school district I saw valued at $450k, assessed value $157k pays $7500 a year.

What school funding mechanisms do you have there in your California district? Some districts here have small (1%) income taxes, but most are funded primarily by property taxes.


 

Peach Pro



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  posted on 4/4/2018 at 08:49 AM
I live in Indiana, which has basically tried to do away with taxes, so ours is ridiculously low. My wife and I purchased a very small house because it is just the two of us. We also bought it in the thick of the housing crisis right outside a city that has been losing population for twenty years due to factory closings. We paid about $50,000. Indiana lets anyone get a "homestead" exemption worth $40,000 on their primary residence. So, we get our taxes calculated from the roughly $10,000 left on our assessment.

We paid $456.00 in property taxes last year. Crazy!

The school district in which we live is one of the worst in the state, the roads around us are in terrible condition, and I have been reporting drainage ditch maintenance needs for five years.

We pay almost nothing, but we also get basically nothing. We would much rather pay more so that our neighbors' children get a good education. I would rather pay more so that two of my neighbors did not have their houses flood last summer after I had called multiple times to report that the ag field across from us was holding A LOT more water than it had been in previous years. I would rather pay the money to the county to fix the streets than giving it to tire repair shop. I would rather have some treatment available to members of the community dealing with drug problems other than just being arrested over and over.

I feel for the folks living in very high property tax states, but living in a no tax state is bad in different ways. There has to be a middle path. Indiana has gone hard-right in the last twenty years, and taxes and services have been killed.

 

Universal Peach



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  posted on 4/4/2018 at 10:54 AM
Like 2112, I'm in California so basically the same as him however, mine are less do to lower property value.

Prop 13 happened 40 years ago and it is still being brought up today. That's politics and taxes for ya.

 

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Ultimate Peach



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  posted on 4/4/2018 at 01:21 PM
quote:
Thanks 2112. That rate isn't actually as high as I may've supsected based on real estate values in CA.

Kicking around our online maps I found a home county says is appraised at $1.1m, the assessed taxable value is $412k which makes their annual property tax $21,687! A more rural home same county but different township and school district I saw valued at $450k, assessed value $157k pays $7500 a year.

What school funding mechanisms do you have there in your California district? Some districts here have small (1%) income taxes, but most are funded primarily by property taxes.




Most school funding comes from property taxes. If voters approve an additional assessment by a 2/3rds majority, additional funding for things like new school facilities can get added to your bill locally. Some school funding comes out of the state general fund as well as lottery money. Keep in mind California also has income tax, sales tax, gas tax, etc, so there are plenty of other ways other than property taxes that they get into our wallet.

 

World Class Peach



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  posted on 4/4/2018 at 01:25 PM
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.





 

Ultimate Peach



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  posted on 4/4/2018 at 01:39 PM
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.

 

World Class Peach



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  posted on 4/4/2018 at 03:26 PM
quote:
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.



"he asked what you pay"

Wrong son.
Looking like and asking for a specific amount are two very different things.

Trying to inform the lefties here is pointless.

Your uninformed and weak mind is far past help.




 

Ultimate Peach



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  posted on 4/4/2018 at 03:33 PM
quote:
quote:
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.



"he asked what you pay"

Wrong son.
Looking like and asking for a specific amount are two very different things.

Trying to inform the lefties here is pointless.

Your uninformed and weak mind is far past help.



Ok, but you might notice that the property tax rate in Ohio is 3 times that of California, so I guess that means that Ohio is more Democratic than California by your logic.

Anyway, I was curious as to what you pay for property taxes in your trailer park, but if your too embarrassed to answer, I understand.

 

World Class Peach



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  posted on 4/4/2018 at 03:55 PM
quote:
quote:
quote:
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.



"he asked what you pay"

Wrong son.
Looking like and asking for a specific amount are two very different things.

Trying to inform the lefties here is pointless.

Your uninformed and weak mind is far past help.



Ok, but you might notice that the property tax rate in Ohio is 3 times that of California, so I guess that means that Ohio is more Democratic than California by your logic.

Anyway, I was curious as to what you pay for property taxes in your trailer park, but if your too embarrassed to answer, I understand.



You might notice that I do not care about Ohio or California.

They voted for their politicians and now have to live with their votes.


 

Ultimate Peach



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  posted on 4/4/2018 at 04:00 PM
quote:
quote:
quote:
quote:
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.



"he asked what you pay"

Wrong son.
Looking like and asking for a specific amount are two very different things.

Trying to inform the lefties here is pointless.

Your uninformed and weak mind is far past help.



Ok, but you might notice that the property tax rate in Ohio is 3 times that of California, so I guess that means that Ohio is more Democratic than California by your logic.

Anyway, I was curious as to what you pay for property taxes in your trailer park, but if your too embarrassed to answer, I understand.



You might notice that I do not care about Ohio or California.

They voted for their politicians and now have to live with their votes.




You apparently thought that Democrats in charge = high property taxes, Republicans in charge = low property taxes. That does not appear to necessarily be the case. You made the generality. Don't blame me that you're wrong.

 

World Class Peach



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  posted on 4/4/2018 at 04:03 PM
quote:
quote:
quote:
quote:
quote:
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.



"he asked what you pay"

Wrong son.
Looking like and asking for a specific amount are two very different things.

Trying to inform the lefties here is pointless.

Your uninformed and weak mind is far past help.



Ok, but you might notice that the property tax rate in Ohio is 3 times that of California, so I guess that means that Ohio is more Democratic than California by your logic.

Anyway, I was curious as to what you pay for property taxes in your trailer park, but if your too embarrassed to answer, I understand.



You might notice that I do not care about Ohio or California.

They voted for their politicians and now have to live with their votes.




You apparently thought that Democrats in charge = high property taxes, Republicans in charge = low property taxes. That does not appear to necessarily be the case. You made the generality. Don't blame me that you're wrong.



Apparently you made the uninformed assumption dumba$$.

How many here have posted the actual amount they pay?



 

Ultimate Peach



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  posted on 4/4/2018 at 04:10 PM
quote:
quote:
quote:
quote:
quote:
quote:
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.



"he asked what you pay"

Wrong son.
Looking like and asking for a specific amount are two very different things.

Trying to inform the lefties here is pointless.

Your uninformed and weak mind is far past help.



Ok, but you might notice that the property tax rate in Ohio is 3 times that of California, so I guess that means that Ohio is more Democratic than California by your logic.

Anyway, I was curious as to what you pay for property taxes in your trailer park, but if your too embarrassed to answer, I understand.



You might notice that I do not care about Ohio or California.

They voted for their politicians and now have to live with their votes.




You apparently thought that Democrats in charge = high property taxes, Republicans in charge = low property taxes. That does not appear to necessarily be the case. You made the generality. Don't blame me that you're wrong.



Apparently you made the uninformed assumption dumba$$.

How many here have posted the actual amount they pay?



That would be 3 of the 5 posters in this thread, and the other one (other than you) confirmed another posters tax rate.

Since I don't want to ruin Nebish's thread arguing with you, I'm done with you. It's clear you don't want to contribute anything meaningful to this discussion.

 

World Class Peach



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  posted on 4/4/2018 at 04:51 PM
quote:
quote:
quote:
quote:
quote:
quote:
quote:
quote:
It depends on which State or jurisdiction you live in.

If your government is controlled by Democrats your taxes are likely to go up.
If your government is controlled by Republicans your taxes are likely to go down.




Thanks for the brilliant insight, but he asked what you pay. If you'd like to be part of the conversation you should answer the question. Maybe you might, by sharing that information, help us learn something.



"he asked what you pay"

Wrong son.
Looking like and asking for a specific amount are two very different things.

Trying to inform the lefties here is pointless.

Your uninformed and weak mind is far past help.



Ok, but you might notice that the property tax rate in Ohio is 3 times that of California, so I guess that means that Ohio is more Democratic than California by your logic.

Anyway, I was curious as to what you pay for property taxes in your trailer park, but if your too embarrassed to answer, I understand.



You might notice that I do not care about Ohio or California.

They voted for their politicians and now have to live with their votes.




You apparently thought that Democrats in charge = high property taxes, Republicans in charge = low property taxes. That does not appear to necessarily be the case. You made the generality. Don't blame me that you're wrong.



Apparently you made the uninformed assumption dumba$$.

How many here have posted the actual amount they pay?



That would be 3 of the 5 posters in this thread, and the other one (other than you) confirmed another posters tax rate.

Since I don't want to ruin Nebish's thread arguing with you, I'm done with you. It's clear you don't want to contribute anything meaningful to this discussion.



Another uninformed assumption.

Keep crying son.


 

Maximum Peach



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  posted on 4/4/2018 at 09:07 PM
Muleman why don't you just **** off already. Nobody here likes you and all you do is insult people and throw mud. You have as many threads as you want to do that. Still you come into a thread that tries to have a conversation and you **** all over it. **** off or tell us what your property taxes look like and add something to the conversation. Jesus this guy.


 

Maximum Peach



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  posted on 4/4/2018 at 09:24 PM
Let's see, Fredrick County Maryland....some kind of brook ct...sound familiar...yes, Walkersville school district? Recycle day is 'blue monday'. About right?

Property assessed value $344,833 and taxes paid 2017 $6234.31.

Care to add anything else?

 

Maximum Peach



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  posted on 4/4/2018 at 09:55 PM
We vote on school levy renewals or new levies on ballots to be applied to the current county assessment by majority vote.

The new one is that if they don't get a May levy passed 12 teachers will be let go. We have 4 elementary schools, 2 middle schools and one high school. Our district does not do open enrollment, but many surrounding do.

New levy will add 'just' $17 per month for a $100k house. This is on top of what we already pay. Lots of senior citizens and people on fixed incomes.

People vote their conscious. I have never voted against a school levy, but have abstained. Not sure where I will vote this time around.

It is always the same thing, the State of Ohio has declared collecting school revenue via property tax unconstitutional, but they keep doing it.

We have plenty of other taxes too. 1.5% sales tax for county, 5.75% for state. 18.4 cents for gas and 24.4 cents for diesel. State income tax is 1-5% based on bracket.

What do they say 'the taxes you pay are for a civilized society". That is fine, it is all about finding the balance. We pay a decent amount. Still we have horrible roads. The turnpike toll road is nice. Some of the roads around here look like they have been shelled. Union road department workers for the county say they are going to strike, haven't had a new contract since April last year. Engineer's office putting out want adds for CDL drivers and laborers to replace striking union workers. Schools don't have enough money. Road department doesn't have enough money. And so it goes around and around...

 

World Class Peach



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  posted on 4/5/2018 at 11:24 AM
quote:
Muleman why don't you just **** off already. Nobody here likes you and all you do is insult people and throw mud. You have as many threads as you want to do that. Still you come into a thread that tries to have a conversation and you **** all over it. **** off or tell us what your property taxes look like and add something to the conversation. Jesus this guy.





I only shoot back when fired upon.

If some don't like it they should not fire the first shot.
If you don't like it to bad; grow up and get over it


 

Peach Extraordinaire



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  posted on 4/5/2018 at 11:51 AM
quote:
I only shoot back when fired upon.


No, you interrupted a cordial conversation and kicked over the furniture with a partisan tantrum. And you managed to piss off nebish, which is no small feet. If you seriously can't be respectful of others here who have differing opinions than yours and insist on being an obtuse dickhead repeating the same meaningless rhetoric, maybe you should just take your toys and go back under your bridge.

 

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Zen Peach



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  posted on 4/5/2018 at 05:15 PM
I live in Crook County (oops, I mean Cook County, same as Chicago). Taxes here are complicated. Your house gets re-assessed every 3 years. You then spend money to fight the assessment to get it lowered. I have done this many times. I live in a town with a mall and a lot of retail, so our tax rate is fairly low for Illinois, plus I have a small house. The city has also rebated part of our city tax for the last few years.

So our taxes go for: Mosquito Abatement, Water Reclamation, Fire protection, community college, high school district, grade school district, library fund, Village, Road & Bridge, General assistance, township, Forest Preserve, consolidated elections, Cook County, County Public Safety and County Health Facilities. As part of a recent law, our tax bill has to show us how much goes to pensions in those areas that have them.

You can also apply for certain exemptions that lower your bill, such as Homeowner, Senior citizen, and even a Senior citizen freeze exemption.

The taxes are due in March and September, and they are a year behind - here in 2018 we are paying 2017 taxes. In March you pay 55% of what you paid last September, and then they true it up in September with new rates, assessments, etc.

So last year the local rate was 9.954%.

It is more confusing because they take your assessed value times a state equalizer multiplier before then applying the local rate.

So last year I had an assessed value of 18,722, multiplied by the state equalizer of 2.8032 making my equalized assessed value 52,482. Then multiply the local tax rate of 9.954 to get $5224.06. I get the homeowners exemption, which was 696.78, so my tax bill was $4527.28.

This is low - the counties around us pay much higher taxes. We have a smaller house, which helps. My assessment went up by $5000 this year after the re-assessment - and I had to fight it because it was going to go up $9000.

 

Maximum Peach



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  posted on 4/5/2018 at 06:20 PM
Wow, what a huge jump that would've been Sang!

I have never contested our reappraisals because they tend to 1) follow market conditions and 2) still undervalue what I think real market value would be. Plenty of people I know have fought it, even though they agree they could probably sell for the appraised value, they just want to pay less. And we all do to a point, adhill's example is one that went too far apparently. I would expect Chicago and California to both pay more than our examples here.

I've already learned some good regional info here. I have some data from my friend's Colorado property tax I will post tonight to add to the thread.

 

Zen Peach



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  posted on 4/5/2018 at 10:11 PM
The assessment system in Cook County is broken - and cost the head of the local Democratic party to lose his job as assessor in the primaries. The system is rigged - big commercial guys and rich guys get lower assessments and the poor have to pick it up. All of the big politicians in Illinois make their money on the side as the attorneys that fight your assessment. The Tribune did a big article on this, which helped cost the assessor his job. Yes - my taxes would have gone up big time, and they probably still are......
 

Ultimate Peach



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  posted on 4/5/2018 at 11:28 PM
I've got to admit, I didn't realize the California property taxes were so reasonible by percentage compared to what you guys are paying elsewhere. With my property tax rate on my previous house so low (bought that house in 1998), my previous property taxes were around $4,000 per year. The jump to $11,000 last year was a bit of a shock, and put my property taxes now at about what I was previously paying for my mortgage on my previous house. However, since property taxes were deductible from my income tax, it seemed to take a bit of the sting off. With the new limits on state and local tax deductions in the new tax bill, it really takes away my biggest deduction other than charitable contributions.
 

Maximum Peach



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  posted on 4/6/2018 at 07:37 AM
Colorado property taxes are pretty cheap. Central Colorado, not ski area, but economy is largely centered around outdoor rec/tourism, ranching and second home/retirement area. County property valuation $383,451, assessed value $27,610 annual taxes $1489.45. That is really cheap! Only paying taxes on 7% of the appraised value! Line items are County, Fire, Library, School (65% of total tax due), Water district, Hospital, another Water district.

Property and homes in Colorado have been booming for several years now. Like crazy appreciation in value and asking prices, very low inventory, fast selling and sales over asking price.

I have a friend on the front range, will have to look to see if rural and metro Colorado have similar value. I know that Colorado does have a personal property tax on things like autos, boats, anything with a title and registration you pay some portion of estimated value when you get your annual registration, so that is a way they make some of it back. In some ways cost of living sounds higher there, but in terms of your biggest asset and tax liability, property tax payments are cheap!

I'm like damn, we're paying alot here in Ohio.

 
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