Birmingham taxed me pretty hard when I lived there. Property taxes were low but there was state, city, county, school and other income taxes. Then sales tax ranged from 8-10% depending on where you were based on some local sales taxes. In PA property tax was higher but income tax was low. Now I pay vehicle property tax on top of vehicle sales tax in KY. IN has this too.
7 states that Tax you the hardest.
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I will say this... As a lot of you know, there is no sales tax or state income tax here in NH. However, they make up for it with the high property taxes. So NH's ranking of fourth highest with property taxes is no surprise to me.
An old boss of mine was looking to move from MA (aka Tax-achusetts) to NH to try and save money, but even with the cheaper real estate values in the NH town he looked at, the higher property tax rate meant that he would have only broke even on the move.
An old boss of mine was looking to move from MA (aka Tax-achusetts) to NH to try and save money, but even with the cheaper real estate values in the NH town he looked at, the higher property tax rate meant that he would have only broke even on the move.
Originally Posted By: mercuryblues
I will say this... As a lot of you know, there is no sales tax or state income tax here in NH. However, they make up for it with the high property taxes. So NH's ranking of fourth highest with property taxes is no surprise to me.
An old boss of mine was looking to move from MA (aka Tax-achusetts) to NH to try and save money, but even with the cheaper real estate values in the NH town he looked at, the higher property tax rate meant that he would have only broke even on the move.
I live in NH and find it amazing that anyone thinks they would only break even or be barely ahead living here in NH vs MA. My Sister who lives in MA has made that argument to me before and I have had to sit her down and show her on paper that her argument/theory is false.
We took her current MA property tax bill, her income tax paid, and then came up with a general estimate on what she spends in a year on taxable items to figure what she pays in sales tax( 6.25% currently - can't rememebr if it was that rate when we did it? ). We then came up with a rough figure of what she pays in taxes each year in MA.
We then took her home's value from her tax bill and figured the property taxes in my town( one of the highest in the state ). I even had her add some $$$ to the value to bring it closer to what her house would sell for here to try and make it a truly accurate comparison.
The results were NOT EVEN CLOSE! She pays THOUSANDS of dollars more in MA than she would here. Sales tax and income tax in MA completely wipe out any propery tax savings. And actually those savings were not all that much anyway.
I have heard that argument before that NH's property taxes are so high it evens out with the combined MA property/income/sales taxes. Just completely false anytime I have compared them. The only way that doesn't work is if you have a very expensive home but a low income. To get the expensive home though you need a big income.
Just no way property tax trumps property/income/sales. Even if you add in NH's outrageous vehicle registration taxes it still isn't close.
I will say this... As a lot of you know, there is no sales tax or state income tax here in NH. However, they make up for it with the high property taxes. So NH's ranking of fourth highest with property taxes is no surprise to me.
An old boss of mine was looking to move from MA (aka Tax-achusetts) to NH to try and save money, but even with the cheaper real estate values in the NH town he looked at, the higher property tax rate meant that he would have only broke even on the move.
I live in NH and find it amazing that anyone thinks they would only break even or be barely ahead living here in NH vs MA. My Sister who lives in MA has made that argument to me before and I have had to sit her down and show her on paper that her argument/theory is false.
We took her current MA property tax bill, her income tax paid, and then came up with a general estimate on what she spends in a year on taxable items to figure what she pays in sales tax( 6.25% currently - can't rememebr if it was that rate when we did it? ). We then came up with a rough figure of what she pays in taxes each year in MA.
We then took her home's value from her tax bill and figured the property taxes in my town( one of the highest in the state ). I even had her add some $$$ to the value to bring it closer to what her house would sell for here to try and make it a truly accurate comparison.
The results were NOT EVEN CLOSE! She pays THOUSANDS of dollars more in MA than she would here. Sales tax and income tax in MA completely wipe out any propery tax savings. And actually those savings were not all that much anyway.
I have heard that argument before that NH's property taxes are so high it evens out with the combined MA property/income/sales taxes. Just completely false anytime I have compared them. The only way that doesn't work is if you have a very expensive home but a low income. To get the expensive home though you need a big income.
Just no way property tax trumps property/income/sales. Even if you add in NH's outrageous vehicle registration taxes it still isn't close.
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
Really? California's 9.8% income tax does not count? Nor California's incredibly inflated home values, resulting in stunning property taxes. Personal property tax and so on...
Make your check out to the "California state board of equalization"
Make your check out to the "California state board of equalization"
Try IL where we have:
Very high property taxes as that's the primary local funding vehicle.
A relatively high income tax with few deductions, 5%. Just increased by 67% a couple of years ago. It was 3% with few deductions, about the same as I pay in MO so it was typically a wash, getting credit in IL for my Missouri income tax paid. (Missouri has 6% income tax, IIRC, but they have a large number of deductions, making the net rate in the 3-4% range.
Relatively high sales taxes. 6.25% just for the state before any local taxes are added. I avoid dining in Fairview Heights as the tax bill on a meal in a restaurant is 10.35% if not more depending on the restaurant location.
http://fairviewheightscity.com/index.aspx?page=170
Motor fuels are taxed both by the gallon AND the 6.25% sale tax is added to the price of the fuel before the federal and state per gallon taxes are added.
I believe our "sin taxes" are relatively higher. I think it's almost $2/pack on smokes by the state. Don't know if counties can add taxes to that. Alcohol is nearly the same.
It's not all bad here. But I seriously doubt the "temporary" income tax increase is really temporary
We pay about $5K on a $225K home where I live.
One thing to note about the article. It says the property tax is per person. Don't know if that's per capita, or per resident in the home. Assuming per home, some of those homes might have a tax bill of over $10K for a household of four.
Very high property taxes as that's the primary local funding vehicle.
A relatively high income tax with few deductions, 5%. Just increased by 67% a couple of years ago. It was 3% with few deductions, about the same as I pay in MO so it was typically a wash, getting credit in IL for my Missouri income tax paid. (Missouri has 6% income tax, IIRC, but they have a large number of deductions, making the net rate in the 3-4% range.
Relatively high sales taxes. 6.25% just for the state before any local taxes are added. I avoid dining in Fairview Heights as the tax bill on a meal in a restaurant is 10.35% if not more depending on the restaurant location.
http://fairviewheightscity.com/index.aspx?page=170
Motor fuels are taxed both by the gallon AND the 6.25% sale tax is added to the price of the fuel before the federal and state per gallon taxes are added.
I believe our "sin taxes" are relatively higher. I think it's almost $2/pack on smokes by the state. Don't know if counties can add taxes to that. Alcohol is nearly the same.
It's not all bad here. But I seriously doubt the "temporary" income tax increase is really temporary
We pay about $5K on a $225K home where I live.
One thing to note about the article. It says the property tax is per person. Don't know if that's per capita, or per resident in the home. Assuming per home, some of those homes might have a tax bill of over $10K for a household of four.
Originally Posted By: rshaw125
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
Never understood that. People have this strange illusion that doing so will solve problems. When the opposite is true. Humans are amazing animals.
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
Never understood that. People have this strange illusion that doing so will solve problems. When the opposite is true. Humans are amazing animals.
Originally Posted By: rshaw125
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
As fun as it is to blame people "from away" a lot of those votes are being cast by your neighbor, spouse, kids...
Interestingly we blame those from "down South", there has to be an epicenter of this invading species.
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
As fun as it is to blame people "from away" a lot of those votes are being cast by your neighbor, spouse, kids...
Interestingly we blame those from "down South", there has to be an epicenter of this invading species.
Property taxes at my place in rural NY are $40 per $1,000 of assessed value. Plus 8% sales tax and 7% state income tax. That is horrific. I pay about $5k on my very modest home that's assessed at $118,000.
In the closest village, their property taxes are $50 per $1000. Imagine that - $10,000 in taxes on a $200,000 house.
... I may move back to the Southwest.
In the closest village, their property taxes are $50 per $1000. Imagine that - $10,000 in taxes on a $200,000 house.
... I may move back to the Southwest.
JHZR2
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Originally Posted By: HTSS_TR
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.
Very true. I've lived in a few places and it sure has appeared to me that what you don't pay in one area, you pay in another.
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.
Very true. I've lived in a few places and it sure has appeared to me that what you don't pay in one area, you pay in another.
Originally Posted By: Pablo
Originally Posted By: rshaw125
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
Never understood that. People have this strange illusion that doing so will solve problems. When the opposite is true. Humans are amazing animals.
In N.J. people grip about high property taxes yet public school budgets, which comprise roughly 60-70% of the municipal property tax bite, routinely pass when on the ballot.
Originally Posted By: rshaw125
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
Never understood that. People have this strange illusion that doing so will solve problems. When the opposite is true. Humans are amazing animals.
In N.J. people grip about high property taxes yet public school budgets, which comprise roughly 60-70% of the municipal property tax bite, routinely pass when on the ballot.
Originally Posted By: Rock_Hudstone
Originally Posted By: Pablo
Originally Posted By: rshaw125
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
Never understood that. People have this strange illusion that doing so will solve problems. When the opposite is true. Humans are amazing animals.
In N.J. people grip about high property taxes yet public school budgets, which comprise roughly 60-70% of the municipal property tax bite, routinely pass when on the ballot.
Sure, let's just throw more money into it!
It's up to the voters to realize that their elected officials imagine them to be a bottomless well full of moolah for them to simply plunder every time they run short.
The bigger cities are astonishingly poor or completely bankrupt. It's a travesty of poor management that someone should be held accountable for.
Originally Posted By: Pablo
Originally Posted By: rshaw125
Here in North Carolina we have had an influx of people moving from up North. A lot of them are ready to vote for higher taxes at any opportunity.
Never understood that. People have this strange illusion that doing so will solve problems. When the opposite is true. Humans are amazing animals.
In N.J. people grip about high property taxes yet public school budgets, which comprise roughly 60-70% of the municipal property tax bite, routinely pass when on the ballot.
Sure, let's just throw more money into it!
It's up to the voters to realize that their elected officials imagine them to be a bottomless well full of moolah for them to simply plunder every time they run short.
The bigger cities are astonishingly poor or completely bankrupt. It's a travesty of poor management that someone should be held accountable for.
I live in NH and pay $7000/year in property taxes on a 2400SF home in desirable area. However we are in a top tier location for schools so with two children I feel tuition is much cheaper that way.
The system is setup quite well if you make lots of money. Since we have no income or sales tax the property tax can be paltry for folks who make in the mid 6 figures. Also if you live in certain towns that are expensive to buy along the coast you get low taxes(the sustained cost) due to lack of families and ocean front property without kids driving the cost.
I think with my own income situation the cost of living locally is high but overall tax situation is no better or worst. And I love which is most important you feel good about that. I know folks who go south and buy so much house etc but not my cup of tea in that region.
My wife employable anywhere(physical therapist) and myself 100% remote IT work so I only need high speed internet. We could live anywhere but beyond happy here which is most important.
The system is setup quite well if you make lots of money. Since we have no income or sales tax the property tax can be paltry for folks who make in the mid 6 figures. Also if you live in certain towns that are expensive to buy along the coast you get low taxes(the sustained cost) due to lack of families and ocean front property without kids driving the cost.
I think with my own income situation the cost of living locally is high but overall tax situation is no better or worst. And I love which is most important you feel good about that. I know folks who go south and buy so much house etc but not my cup of tea in that region.
My wife employable anywhere(physical therapist) and myself 100% remote IT work so I only need high speed internet. We could live anywhere but beyond happy here which is most important.
Originally Posted By: Pop_Rivit
Ouch. A lot of you pay more property tax for your residences than we do for our commercial winery and vineyards.
And way, way more than we do for our ~4000 square foot home.
Farmland does get a massive break on taxes if >=12 acres. However the first two acres you get taxed very hard. I only own one acre and the land is valued at 65% of property valuation.
NH gets lots of money from lottery for schools and essentially was first in nation to invent this school funding idea in the 1950's. They also take lots in from controlling liquor/wine which apparently is cheaper than surrounding states.
Something has to give so property taxes are high. Being in top 5 school district costs us money.
Ouch. A lot of you pay more property tax for your residences than we do for our commercial winery and vineyards.
And way, way more than we do for our ~4000 square foot home.
Farmland does get a massive break on taxes if >=12 acres. However the first two acres you get taxed very hard. I only own one acre and the land is valued at 65% of property valuation.
NH gets lots of money from lottery for schools and essentially was first in nation to invent this school funding idea in the 1950's. They also take lots in from controlling liquor/wine which apparently is cheaper than surrounding states.
Something has to give so property taxes are high. Being in top 5 school district costs us money.
Originally Posted By: tightwad
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)
Yep.
I pay:
County
County Hospital
County College
School District
City
Everything but School district is a couple hundred bucks or less. School is over 5X any other category
Still far cheaper than the tax bill for a rocky chunk of New Hampshire hillside that my dad inherited. Unincorporated, unimproved and expensive to own.
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)
Yep.
I pay:
County
County Hospital
County College
School District
City
Everything but School district is a couple hundred bucks or less. School is over 5X any other category
Still far cheaper than the tax bill for a rocky chunk of New Hampshire hillside that my dad inherited. Unincorporated, unimproved and expensive to own.
JHZR2
Staff member
Originally Posted By: rjundi
Originally Posted By: Pop_Rivit
Ouch. A lot of you pay more property tax for your residences than we do for our commercial winery and vineyards.
And way, way more than we do for our ~4000 square foot home.
Farmland does get a massive break on taxes if >=12 acres. However the first two acres you get taxed very hard. I only own one acre and the land is valued at 65% of property valuation.
Something has to give so property taxes are high. Being in top 5 school district costs us money.
+1. No way would I live in the boonies and have to have my kids bussed everywhere just to go to school.
Originally Posted By: Pop_Rivit
Ouch. A lot of you pay more property tax for your residences than we do for our commercial winery and vineyards.
And way, way more than we do for our ~4000 square foot home.
Farmland does get a massive break on taxes if >=12 acres. However the first two acres you get taxed very hard. I only own one acre and the land is valued at 65% of property valuation.
Something has to give so property taxes are high. Being in top 5 school district costs us money.
+1. No way would I live in the boonies and have to have my kids bussed everywhere just to go to school.
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