Thread: Property Taxes - What Are Your Numbers ?

Originally Posted by Joe66

Since florida has no income tax, the state get its money via property taxes and sales tax. I paid $3,800 in property taxes last year for a 4 bedroom, 2 car garage, 2,200 sq foot home.
The state has a 6% sales tax on everything except un-prepared food and medicines and some counties and cities piggy back on top of that to make it up to 8%. In my county the combined state and local sales tax is 7%

Agree, but Florida also has a lot of fee's (occupational, licensing, road use, etc) (e.g: every time a registered vehicle is bought/sold 2x titles are sold at ~$80 each, plus the repetitive sales tax on each re-sell purchase price, road use and new/transfer registration fees). The sales tax also includes hotel "bed tax". Florida is privileged to have lots of tourist assistance with taxes. Consumption taxes is much better in a state with tourism.

1476 sqft on almost a half acre (.48) 88X240 almost another 240 deep all woods to the tracks (someone else owns that)
Market Value $198,300
2014 property tax $5710.00
State and County tax 8.5% (highest in the state)

Originally Posted by Valkyrie

Philadelphia wage tax is a temporary tax put in place during WWII until the war effort was over to support city services ....The city thinks the war effort is still ongoing.

NJ had the highest property taxes in the country....
my plan is to leave the state.

1. Philly- never knew about history of city taxes..good info
2. NJ - good move to get out of NJ, they tax almost everything when you retire..

montana:

property tax: $119/year on 2 br 1100 sf home.
income tax: 6.9%.
state and local sales tax: none.
vehicle registration fee: $164 on modest 2006 model year light duty car/truck.

lots of gravel roads, very little law enforcement presence per capita or square mile. out here we mostly police ourselves and get ourselves around. nearly everyone is prepared for rough times, nearly everyone carries at least one firearm on or near their person, nearly everyone is very polite, nearly everyone is tolerant and helps their neighbor. mostly folks just leave each other alone, none of my business.

also, you can pee outside anywhere you feel like it and jump into rivers butt naked if you want. nobody cares. and it's beautiful! god's country. but maybe it's not the kind of place for everyone, in fact, we'd prefer you just stay right where you are.

Since we are planning to move when we retire, i thought it would be a good idea to check back this thread.
While l I was reviewing all the responses about taxes and such, I noticed the taxes mentioned were: property tax, school tax, real estate tax, income tax, user tax, and sales tax.

i was wondering if your taxes (real estate, property, school) were rolled into 1 tax?
where I live, we have township tax ($1200), and county tax($1400) and are payable in April. Real estate, property and school tax are rolled into 1 tax and payable in September, $8k.

oh, i forgot to mention..the town where I live also hits us with per capita tax, too and where my spouse works, they have a borough tax of 4%.

Here's the crazy part: my town belongs to nether providence township which belongs to delaware county which belongs to PA, which belongs to USA.

so, we pay per capita tax and school/property/real estate tax to the town, pay township tax to nether providence, pay county tax to delaware county, plus i pay city wage tax(4%) for working in Philly, and spouse pays 4% borough tax, and then pay PA flat rate state income tax, and then federal tax....plus the everyday sales tax!

Yep, there's a whole lot of taxin' goin' on. My local taxes are all rolled into one bill (city, county, special purpose tax districts), but it can be paid in 3 parts through the year. If pay full value upfront on first due date, there is a substantial discount on the bill. I save through the year prior and pay the discounted bill all at once each fall.

https://www.youtube.com/watch?t=12&v=pMd3Ydg4joM

After reading how high taxes are in other places, I feel better about mine. Tennessee has no income tax. Most places have about 9.5% sales tax. My county taxes are about .5 % of value. Same for city. I would feel better if wasn't recently forcibly annexed into city. We do have a tax on investments like stocks and mutual funds etc of about 6%.

Clester, how is your vacation coming along? I am not sure if I understood you correctly that you'll be driving all the way to Cali?

Originally Posted by Maricar19

Clester, how is your vacation coming along? I am not sure if I understood you correctly that you'll be driving all the way to Cali?

Having a great time. Left last Friday and arrived yesterday in San Diego. Went from upper East Tennessee through Alabama to New Orleans. Then through Houston to Austin tx. From there to las cruces NM to Tucson and then here. Lots of driving across this huge country. It's very different geology after Austin. Saw lots of desert but even that was very varied.

Be here for 10 days then driving home via Las Vegas and maybe Denver. Haven't decided yet.

Surprised to see this thread bumped back up !

Hmmmm...I may need to go update the spreadsheet I started to be current !!!

Stoplight...

Originally Posted by clester

Having a great time. Left last Friday and arrived yesterday in San Diego. Went from upper East Tennessee through Alabama to New Orleans. Then through Houston to Austin tx. From there to las cruces NM to Tucson and then here. Lots of driving across this huge country. It's very different geology after Austin. Saw lots of desert but even that was very varied.

Be here for 10 days then driving home via Las Vegas and maybe Denver. Haven't decided yet.

wow...that is something I might do when I retire...
Did you stop at any place in between?