What are your local tax rates?

[peppy]

Are they higher or lower? I own in town so I have to pay both.

Lunenburg County, Virginia - Government - Tax Rates

Tax Rates
Lunenburg County

Real Estate: $0.36/ $100
Personal Property: $3.60/ $100
Merchant's Capital: $1.20/ $100
Farm Machinery: $0.60/ $100
Aircraft: $2.10/ $100
Machinery & Tools: $1.80/ $100
Mobile Homes/Barns: $0.36/ $100

Town of Kenbridge

Real Estate: $0.41/ $100
Personal Property: $1.41/ $100

[Neilk]

Ours are about $2/$100 after you include property, school and county hospital taxes and fees in Dallas County. Expensive, but no state income tax.

[LWJ]

Oregon has income 9% and property (varies) but no sales tax. Property tax isn't cheap.

Larry

[Hugh R]

1.25% of house value but with assessments its more like 2.0% on a house appraised at $400K, but worth about $700K, so about $8,000/year, income tax is 8.75% of income, sales tax is 8.75%, to register an 08 Camry is about $350 this year. The 84 Targa is something like $65.

What's this personal property tax crap? Your furniture and stuff?

[mattdavis11]

His office is his home. Write off the percentage you use, and the taxes you pay.

[NutmegCarrera]

WI (Sheboygan county) is about $15/$1000 appraised for real estate tax. That's in the township where we live. Can vary greatly throughout the state, and is higher in many places.
State income tax is 6%
Sales tax is 5% (varies by municipality within the state)
No personal property tax.

Generally speaking, we're taxed to the gills. But, we do send the kids to public schools - and those are pretty good.

[Hugh R]

Nutmeg,

Sounds not too bad compared to CA.

[NutmegCarrera]

Hugh-
When you consider that the weather here is absolute crap from oh, about NOW until the month of May - we really aren't getting all of what we're paying for.

Not that I chose to stay in this state, or anything.

I think on the "whole package" basis, CA and WI are both near the top of the list.

Not meaning to sound sour tonight, just seems to be coming off that way.

-Chris.

[Super_Dave_D]

Calling Kenbridge a town is being generous - lol

[legion]

Too f***ing high.

[gprsh924]

Don't pay a ton of attention, but I know sales tax is 10.25%.

[DaveE]

PA sales tax is 6%, food and clothing exempt. Our state income tax is 3.07%. My property taxes are insanely low because we have a few acres and the property used to be a farm (still have the barn).

[epbrown]

Originally Posted by gprsh924

Don't pay a ton of attention, but I know sales tax is 10.25%.

Isn't it 11.25% in the Loop area, or basically the touristy part of downtown? My sister nearly had a cow after a shopping spree while visiting.

[gprsh924]

Originally Posted by epbrown

Isn't it 11.25% in the Loop area, or basically the touristy part of downtown? My sister nearly had a cow after a shopping spree while visiting.

Actually just looked it up...it was rolled back to 9.75% across Cook County...tied with LA as the highest in the country.

[intakexhaust]

Originally Posted by gprsh924

Actually just looked it up...it was rolled back to 9.75% across Cook County...tied with LA as the highest in the country.

LOL! Illinois - not just Crook County but taxes everywhere in the state are out of control. It's impossible to know exactly because there are taxes computed onto other taxes and our beloved elected officials are masters at daily flip, flopping rates and for everything and anything they can think of.

I'm interested in learning how much tax revenue in Illinois is collected just from us taking a dump. You see, we pay tax on toilet paper and thats alot of cr@p.

[imcarthur]

Property Tax = Assessed Value (calculated market) X 0.7929218%
HST (Harmonized Sales Tax) = 13%

HST is a combo of the old provincial sales tax + the Federal Goods & Services Tax. It is a VAT charged on all goods & all labor costs. There are exceptions: It is charged on new home sales but not resales. Children's clothing and shoes, car seats, diapers and feminine hygiene are all exempt.

After that, just income tax for both gov't levels . . .

Ian

[Zeke]

Originally Posted by gprsh924

Actually just looked it up...it was rolled back to 9.75% across Cook County...tied with LA as the highest in the country.

Our sales tax was rolled back this year to 8.75. There was a 1% surcharge to pay for the last big earthquake that expired.

Our governor's mantra is less taxes and whole lot less services.

[patssle]

No state income tax, I don't own a home so no property tax, I buy all my big dollar stuff online - my tax footprint is insanely small. More money for fun things!

[pwd72s]

Originally Posted by LWJ

Oregon has income 9% and property (varies) but no sales tax. Property tax isn't cheap.

Larry

Also, if you are silly enough to own a small biz in Oregon, you end up being hit with huge biz taxes & license fees...Oregon is definitely a tax hell state...

Pat...assuming you rent? Believe me, you pay property taxes.

[john70t]

(from a 5yo milage chart):
1 Mils=$1/$1,000 value based on 1/2 taxable value.
Rates locked at x1.044%/yr increase unless there's a change in title.

Ann Arbor: 46.77 Mils Homestead. 59.23 Mils Non-Homestead
(starter houses are 120-250K. Established neighborhoods are 300-700K. A few serious mansions up to 5-7 million.)

Ypsilanti: 57.60 Mils Homestead. 75.60 Mils Non-Homestead.
(starter dumps are 30-120K. Established neighborhoods are 150-400K. Some nice mansions but many in bad neighborhoods.)

Sales tax at 6.5%(used to be 3.5% a few decades ago), but this supresses prop tax increases.