7 states that Tax you the hardest.
- Thread starter gfh77665
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I thought for sure New York would be higher. My property taxes are astoundingly high.
fairly worthless fluff article.
so many things it does not deal with.
example
akron ohio .. 80k house .. about 2300$/year
5.6 miles south 130k house.. 1500$/year
the article is overgeneralized and you can draw no conclusions whatsoever from it.
so many things it does not deal with.
example
akron ohio .. 80k house .. about 2300$/year
5.6 miles south 130k house.. 1500$/year
the article is overgeneralized and you can draw no conclusions whatsoever from it.
I read several comments from Texas residents after the article about their high taxes. Texas property taxes vary wildly across the state, as they are levied and collected by a variety of entities. Taxes are levied on my home by:
City
County
School district
Junior College District
Groundwater Control District
Noxious Weed Control District (no joke)
City
County
School district
Junior College District
Groundwater Control District
Noxious Weed Control District (no joke)
JHZR2
Staff member
Quote:
1. New Jersey
New Jersey tops the 50 states with an average property tax burden of $2,819. At $343,000, its average home value is among the top five states, and despite fairly high income and sales taxes, New Jersey's fairly consistent suburban character leads to a reliance on property taxes for revenue as well.
What I'd do for $2819 in taxes! Im triple that...
Of course, being convenient to DC and NYC, which is important both for work, family and other enterprise, is great, as are the schools and overall access to everything.
But that tax burden seems really low!
1. New Jersey
New Jersey tops the 50 states with an average property tax burden of $2,819. At $343,000, its average home value is among the top five states, and despite fairly high income and sales taxes, New Jersey's fairly consistent suburban character leads to a reliance on property taxes for revenue as well.
What I'd do for $2819 in taxes! Im triple that...
Of course, being convenient to DC and NYC, which is important both for work, family and other enterprise, is great, as are the schools and overall access to everything.
But that tax burden seems really low!
Originally Posted By: Rand
fairly worthless fluff article.
so many things it does not deal with.
example
akron ohio .. 80k house .. about 2300$/year
5.6 miles south 130k house.. 1500$/year
the article is overgeneralized and you can draw no conclusions whatsoever from it.
This. Sad thing, the author(s) could have written a really good article. I know it's not perfect because it varies by county and city, but take a family making $80K in any state, with a $300K house. Some equal number of total dollars spent for the year on taxable stuff. Say $25K or whatever. How much total state tax in the year? Lazy as usual.
WA state combined with King County RE tax is higher than all those examples given in the article. WAY higher. Plus we have a nasty sales tax. You add in our B&O tax - most people are fooled here thinking we don't have an income tax. Yes true, no direct individual income tax is collected, but when businesses pay and income tax, where does that money come from? You guessed it. People.
fairly worthless fluff article.
so many things it does not deal with.
example
akron ohio .. 80k house .. about 2300$/year
5.6 miles south 130k house.. 1500$/year
the article is overgeneralized and you can draw no conclusions whatsoever from it.
This. Sad thing, the author(s) could have written a really good article. I know it's not perfect because it varies by county and city, but take a family making $80K in any state, with a $300K house. Some equal number of total dollars spent for the year on taxable stuff. Say $25K or whatever. How much total state tax in the year? Lazy as usual.
WA state combined with King County RE tax is higher than all those examples given in the article. WAY higher. Plus we have a nasty sales tax. You add in our B&O tax - most people are fooled here thinking we don't have an income tax. Yes true, no direct individual income tax is collected, but when businesses pay and income tax, where does that money come from? You guessed it. People.
Originally Posted By: Pablo
WA state combined with King County RE tax is higher than all those examples given in the article. WAY higher.
I noticed that too Pablo. I just saw a nice little house south of me in Lincoln County and the listed sell price is 240k and the taxes are over $3700!
WA state combined with King County RE tax is higher than all those examples given in the article. WAY higher.
I noticed that too Pablo. I just saw a nice little house south of me in Lincoln County and the listed sell price is 240k and the taxes are over $3700!
Originally Posted By: JHZR2
Quote:
1. New Jersey
New Jersey tops the 50 states with an average property tax burden of $2,819. At $343,000, its average home value is among the top five states, and despite fairly high income and sales taxes, New Jersey's fairly consistent suburban character leads to a reliance on property taxes for revenue as well.
What I'd do for $2819 in taxes! Im triple that...
Of course, being convenient to DC and NYC, which is important both for work, family and other enterprise, is great, as are the schools and overall access to everything.
But that tax burden seems really low!
Part of why I left Vermont: I was SIX times that...no joke, driving a $2,000 truck, paying $16,000 in property tax every year...there are HUGE variations from town to town due to Vermont ACT 60/68 school funding...Vermont is nice...but it sure isn't THAT nice...
Quote:
1. New Jersey
New Jersey tops the 50 states with an average property tax burden of $2,819. At $343,000, its average home value is among the top five states, and despite fairly high income and sales taxes, New Jersey's fairly consistent suburban character leads to a reliance on property taxes for revenue as well.
What I'd do for $2819 in taxes! Im triple that...
Of course, being convenient to DC and NYC, which is important both for work, family and other enterprise, is great, as are the schools and overall access to everything.
But that tax burden seems really low!
Part of why I left Vermont: I was SIX times that...no joke, driving a $2,000 truck, paying $16,000 in property tax every year...there are HUGE variations from town to town due to Vermont ACT 60/68 school funding...Vermont is nice...but it sure isn't THAT nice...
Pa is very high too with school taxes and etc.....we're pretty fortunate though since we get a Clean and Green tax break with more than ten acres. When we were house shopping, the neighborhood we were renting in averaged about 9k per year....we moved eight miles north and with ten acres and a 3500 sq ft house and 5-car garage, paid $2800 last year.
The title is misleading, it should be "7 States Tax Homeowners the Hardest".
If combining all taxes and fees, income tax + sale tax + utilities tax + car tax + ..., then California should be on the top 5.
If combining all taxes and fees, income tax + sale tax + utilities tax + car tax + ..., then California should be on the top 5.
Thats only property. One needs to add in sales and income. And in some states like CT, property tax on vehicles.
Summary: You'll get stuck no matter what way you turn. If they don't get it from the house or from your salary, they'll get it from the car or the things you buy.
Originally Posted By: Colt
I'm in Jersey and the 5 figure tax on my home is ridiculous.
I'm seriously considering dumping my house...I'm at the point I could get a decent apartment for just what I pay in property taxes! Bonus: I get NOTHING from it.
I'm in Jersey and the 5 figure tax on my home is ridiculous.
I'm seriously considering dumping my house...I'm at the point I could get a decent apartment for just what I pay in property taxes! Bonus: I get NOTHING from it.
but it.s an other system. The state takes care of almost everything.Originally Posted By: Jarlaxle
Originally Posted By: Colt
I'm in Jersey and the 5 figure tax on my home is ridiculous.
I'm seriously considering dumping my house...I'm at the point I could get a decent apartment for just what I pay in property taxes! Bonus: I get NOTHING from it.
You get back some when you itemize your deductions with Federal Income Tax.
Originally Posted By: Colt
I'm in Jersey and the 5 figure tax on my home is ridiculous.
I'm seriously considering dumping my house...I'm at the point I could get a decent apartment for just what I pay in property taxes! Bonus: I get NOTHING from it.
You get back some when you itemize your deductions with Federal Income Tax.
Originally Posted By: JHZR2
Quote:
1. New Jersey
New Jersey tops the 50 states with an average property tax burden of $2,819. At $343,000, its average home value is among the top five states, and despite fairly high income and sales taxes, New Jersey's fairly consistent suburban character leads to a reliance on property taxes for revenue as well.
What I'd do for $2819 in taxes! Im triple that...
Of course, being convenient to DC and NYC, which is important both for work, family and other enterprise, is great, as are the schools and overall access to everything.
To add insult to injury, the bulk of the NJ taxes are transfered from the suburban areas and shoveled down the rat hole of the state's urban cities with nothing to show for it.
If not for massive state aid these cities would collapse overnight.
Quote:
1. New Jersey
New Jersey tops the 50 states with an average property tax burden of $2,819. At $343,000, its average home value is among the top five states, and despite fairly high income and sales taxes, New Jersey's fairly consistent suburban character leads to a reliance on property taxes for revenue as well.
What I'd do for $2819 in taxes! Im triple that...
Of course, being convenient to DC and NYC, which is important both for work, family and other enterprise, is great, as are the schools and overall access to everything.
To add insult to injury, the bulk of the NJ taxes are transfered from the suburban areas and shoveled down the rat hole of the state's urban cities with nothing to show for it.
If not for massive state aid these cities would collapse overnight.
Originally Posted By: Rand
fairly worthless fluff article.
so many things it does not deal with.
example
akron ohio .. 80k house .. about 2300$/year
5.6 miles south 130k house.. 1500$/year
the article is overgeneralized and you can draw no conclusions whatsoever from it.
+1 agreed
fairly worthless fluff article.
so many things it does not deal with.
example
akron ohio .. 80k house .. about 2300$/year
5.6 miles south 130k house.. 1500$/year
the article is overgeneralized and you can draw no conclusions whatsoever from it.
+1 agreed
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