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Originally Posted by Zeke
IDK if he said IRS, but State Tax Franchise Board. That's state income tax amongst others. Last I knew, the money you make here is taxed here no matter where you live.
The thing about a 1.1M home is the real estate taxes. Expect a tax bill for around 14K/ year. Doesn't matter if you pay all cash. 13% will be billed by the state but there will be some local special assessments to push the figure up.Be sure to know and understand all of those local assessments — they have to be disclosed. Some can be brutal such as something called Mello Roos. And it's not deductible. It will automatically raise the tax on the land portion of your real estate 2% annually. That's another $260 just the first year. One of many.
Nice used cars run 500 annually for tags and insurance is district-ed so you pay for where you live and drive and how many miles. 3 cars, house insurance with some earthquake coverage (25 to 50K deductible) will run you another 12K. yr.
A new roof on a 3000 sq ft home for asphalt is a low of 25K and goes to 50. Better roof coverings can run a hundred grand. Buy a house with a really good roof.
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At least Ryan won’t have to pay an annual personal property tax on his cars if he moves to CA. I hated that about VA.
Registration for our 2017 Volt is about $300/yr, the 964 was about $200/yr, and my 280Z is about $200/yr.