What are your property tax rates?

[JavaBrewer]

I was looking for a site that listed all the annual property taxes across the country but came up empty so...

What do you pay on property taxes each year for your primary residence? Here in San Marcos CA the base rate is ~1.1% of the property's assessed value. Some area's also tack on a supplemental tax - commonly referred to as Mello Roos to boost local community projects (schools, roads, maintainence, etc...). With our base and supplemental taxes we are paying nearly 1.75% each year - ouch.

[Hugh R]

Actually, your close its 1.25% of value based on sale price and they can raise the assessed value 2% per year.

[Aurel]

More than 3% of the assessed value here in New-Jersey. But the schools are supposedly good.

Aurel

[Aurel]

This reminds me of a story that was in the local newspaper: in the town next to mine, Rumson, there is no house assessed to less than $500,000 dollars. Some people who bought for cheap in this town 15 or 20 years ago end up with tax bills that they cannot pay anymore, like $30,000 a year for a $1M house. Not a very fair system if you consider that the taxes are based on what someone richer than you should pay if he bought your house...

Aurel

[doofdog]

Come to Florida! No state income tax but they rape you in property tax. 250k for a house and 4k a year in propert tax! How does 3.5k per year for insurance sound also! We don't even get good schools!

[cowtown]

With the state tax and Mello Roos up here, we're at close to 2%. Prop 13 at least limits reassessments...many people around here would be taxed out o their houses if not for that.

[Moneyguy1]

Unless you are going to sell, the tax rate is not the most important factor. There are two more important considerations: the assessed value of the property and the amount you, as owner, pony up every year. Two areas may have identical tax rates, but the assessed value can vary widely. A $500,000 home in some California areas, comparable to a $250,000 home in, say, Tucson, could have the same rate per 1,000, but the first would be paying out twice (or more) what the second pays. I have a 2500 square foot home on over a 1/4 acre in Tucson and my full tax paid annually is $1,440 for City, County and school. The house is assessed at $145,000. My sister in law, in California, (Placentia) has a similarly sized house, nearly the same age, same size lot and her taxes are a multiple of mine. Go figure. The system in CA is extremely unfair to newcomers, reminiscent of the NYC rental regulation laws. Old timers pay lower rent than newer renters.