Just curious what u pay .....

[recycled sixtie]

in the various States for property taxes. Of course that depends on the value of the home. What typically would a person pay yearly for a half million $ home?
I dont want to know your situation personally - just a ballpark number. When I was in San Fran. area(Belmont) , I understood that property taxes could be $800/month but I would think that would be a $1 million home? I would think that would be a big factor in retirement? What are the lowest States/cities for property taxes? I would think that California would be high but how about Arizona?

[stomachmonkey]

~2.5% of assessed value here in Denton County TX.

Half a mill gets you a 4,500 to 5,000 sq ft home depending on upgrades.

[jwasbury]

New Jersey = highest property taxes in the USA. Mine are currently 16k per year on a multi-family row house (two subway stops 10 minute ride to Manhattan) market value approx. 800-900k. The scary thing is that this tax level is "cheap" relative to market value as compared to many other suburban towns here in NJ. Of course the schools in my city are mostly crap, the suburbs generally have better ones.

In contrast, my mother and stepfather owned waterfront property with a deep water dock and a modest dwelling in the Low Country of South Carolina (near Hilton Head Island). They sold it for 800-900k a few years back. Property taxes were 2 or 3k a year.

[VINMAN]

It all depend on the county/town.

Mine for a 3800 sq ft on 3/4 acre are $9400 a yr

[Embraer]

Indiana is 1% of value. Half million dollar home would be mansion-like in most of the state. 4000-5000 sq ft in the Carmel area....maybe a little small in the historic neighborhoods in Indy like Golden Hill or Meridian Street.

[Mrmerlin]

1750sq/ft , and .40 acre, $ 1800.00 yr

[pwd72s]

Despite a "property tax limit" initiative passing here some years back, Oregon is a high property tax state. The amount varies from location to location, depending on the bond measures the local politicians conned the voters into.

On my home it's around $15 per thousand...taxes are higher within the city limits. Your $500,000 home would be around $7,500 in the unincorporated county...in town? Double that..

[azasadny]

Our property taxes are $3,300 a year for a 2,400sq ft home.

[campbellcj]

LA County (CA) is somewhere around 1.1% of assessed value - which has little to do with real market value. There are people not far from me who pay $50,000-250,000/year in property tax....I don't.

[Rick Lee]

I was chatting with a guy in the supermarket checkout line last night about this. He had just moved from CT, where he had a $500k house and was paying $8k a year in property taxes. I figure the house I have here would cost at least $500k in the northeast. My taxes here are just under $1500 per year.

[fred cook]

2700 sq. ft ranch, 2 acres land w/800 sq ft detached shop and inground concrete pool (17 x 34) = $1,400 per year in taxes. Also have very mild winters and no traffic jams! Location is in South Georgia.

[RWebb]

Originally Posted by pwd72s

Despite a "property tax limit" initiative passing here some years back, Oregon is a high property tax state. The amount varies from location to location, depending on the bond measures the local politicians conned the voters into.

On my home it's around $15 per thousand...taxes are higher within the city limits. Your $500,000 home would be around $7,500 in the unincorporated county...in town? Double that..

This is because Oregon has zero sales tax. They are going to get the money from somewhere.

The citizen initiative Paul refers to was modified by the legislature, and the taxes are capped so they can increase only 3% a year. But, there are exceptions:

[1] is when you buy a house they boost the property taxes to the actual assessment value -- seems fair, but when a home buyer looks on the sell sheet they see property taxes per year of $1,200 or some such, then when they buy the house they get a bill for $7,000 each year. That would be typical for Eugene, the 2nd largest city in the state - I think Paul is just pulling the $15,000 number out of an orifice somewhere, tho it would make sense for a spendy home in Portland.

[2] is if you do any remodeling they boost & again it is to the current assessed value -- in my county they will also lie about whether what you did (say you do just repairs - they will claim it is really remodeling) and will illegally use the actual amount you paid, not the _value_ (which is what is required by law).

If you are a lawyer you can challenge them, threaten some fun discovery on the models they use, and make it so they settle (compromise) on a value that is lower -- they do this because they know you are going to make them spend lots & lots of effort and tax $$ fighting you off. If you have to hire a lawyer, they know you will lose money in fees and they can just stonewall you. That is why only big corp.s with staff attorneys usually challenge it -- individuals and small businesses get the shaft.

[RWebb]

BTW states with really low property taxes usually have a lot of income from severance taxes such as oil drilling or coal mining (Wyoming) and/or have horrible public service - e.g. the thread on how lousy a state Louisiana is - unhealthy, poor schools, etc. and how Mississippi is even worse.

[Hugh R]

1.25% of sales price of the home under Prop 13, mine is assessed about about $400K, they can raise the assessed value 1%/year, but with special assessments for roads, street lighting, etc., I pay close to $7,000. BTW, I live on a private road and get NO road, street lighting, nothing on my street for those extra assessments.

[RANDY P]

WA State approx 1.78% (give or take depending on county) of assessed value. not bad.

Go get killed buy a property in the Midwest.

rjp

[Dantilla]

Forty acres of nothing in the middle of nowhere in Utah-

Taxes are about eight bucks a year.

Last time I looked at a statement, $0.38 of it was for mosquito abatement.

[Instrument 41]

Outside of Baton rouge. 3500 sq ft, 1.5 acres, $2500 in taxes. Over $600 goes just to the school district.....

[BernieP]

My house is assessed at $187000, taxes are just shy of $5000. Allegheny county PA. But my plates are $24 per year. We all pay in some way or another.

BernieP

[patssle]

We all pay in some way or another.

It also plays into the whole "owning your home" thing. You don't have full ownership, the state ultimately has control. Stop paying your taxes, bye bye home.

[flatbutt]

About 1000 sq ft with a 50 acre pond in back costs me approx $6000/year. No services other than garbage and police.