Home › Forums › Decaffeinated Coffee › Property Taxes….What Do You Pay?
- This topic has 6 replies, 4 voices, and was last updated 13 years, 6 months ago by ronrsr.
-
AuthorPosts
-
November 9, 2010 3:41 pm at 3:41 pm #592957justsmile613Participant
Some places in the country are ridiculously high and there are some areas even right near there that have reasonable prices….
November 9, 2010 3:47 pm at 3:47 pm #707796SJSinNYCMemberJust under $11,000 for a plot of land that’s 60X125
November 9, 2010 4:26 pm at 4:26 pm #707797justsmile613Participantwhere is that, SJS? what city?
November 9, 2010 4:54 pm at 4:54 pm #707798ronrsrMemberover 25 years ago, the taxpayers of Massachusetts passed a ballot initiative, Proposition 2 1/2, based on the California property tax limitation initiative.
Our property taxes are still high, but limited to 2.5% of the actual value of the house, and total town taxes can not go up more than 2.5% per year, not including taxes from new property.
Our taxes are high, but limited, and without this initiative, we would probably be in the same bad situation as New Jersey.
On a 2-family home that’s probably worth about $800k, we pay about $9500/year.
Out of all the taxes, I mind paying this the least. For this money, the children of our town get an excellent public education, the police come when called, and the fire department is there whenever there’s a fire. The trash gets picked up regularly. If these things disappeared or didn’t work, my life would be much worse for it.
November 9, 2010 5:04 pm at 5:04 pm #707799SJSinNYCMemberTeaneck. That’s fairly typical.
November 9, 2010 5:09 pm at 5:09 pm #707800charliehallParticipantWe pay just over $5K in property taxes for a four bedroom house on a lot that is approximately 1/6 acre.
November 9, 2010 6:03 pm at 6:03 pm #707801ronrsrMemberranked by percentage of home value, taxes will be highest in NJ, at an avg of 1.89% of home value, and a median payment of $6,579. Next highest is New Hampshire (no sales tax) at 1.86% and a median of $4,636. Texas will be third at #$2,275. New York, ranked 17th, will be a bit lower at 1.23% and a median of $3,755.
Massachusetts comes in 21st at $3,511 and 1.04%.
There are other ways to rank, of course, by % of total income and by average payment.
You can get all the hard figures here: http://www.taxfoundation.org/publications/show/1913.html
Isn’t Gov. Christie supposed to be doing something about property taxes in NJ?
-
AuthorPosts
- You must be logged in to reply to this topic.