My state is now capped at 3% annual increases as of recent legislation. Helps to have valuable natural resources.
When I read something like this, I ask the writer how many idiots have they run into over the last week. And wouldn't it be nice if some force somewhere made those people just a little bit smarter?And how about not taking money from childless couples to pay for schools and other child related needs. I've noticed all the people angry about high taxes never seem to mention that side of things, since of course they all have kids and are just fine making childless couples subsidize them.
It isn’t that bad. These outfits charge too much, and at least for our commercial property, it was too invasive. All you need to do is know a realtor, and have him pull recent sales for dwellings in your proximity. Find the ones that are close to your home, the “cheapest”, and determine the value per square foot. Then present that data. I was able to knock some $50K off my assessment. The big problem is that the sales data isn’t public, so you need someone with MLS access.
And how about not taking money from childless couples to pay for schools and other child related needs. I've noticed all the people angry about high taxes never seem to mention that side of things, since of course they all have kids and are just fine making childless couples subsidize them.
It lowers mine for school tax only. Being I paid on that well before, during, and far after kid’s school age - I think it’s fair.I will be seventy this year along with my wife and I consider the notion of giving tax preferences to the wealthiest age cohort in America misguided at best.
Yes, there are struggling older Americans, but there are many more younger American families struggling with the expenses of child rearing, the cost of feeding their families and the cost of housing them.
How about some help for the poorer among us before those of us who are relatively well off?
Like new arrivals …How about not taking money from people that earned it and giving that money to people/groups/ organizations who didn't earn it.
Yep, I have lived in 4 states, 2 supposedly very skewed one way and two supposedly skewed the other. Taxes net about the same.As others have said, the state funds have to come from somewhere. CA has higher state income tax, based on taxable salary. For lower earners, it is actually lower than many states. Texas needs $$ just like every other state.
I have a choice on how much to spend on a home. We chose to not stretch home mortgages - stay below our means - speed up pay-off (done) - do some remodeling and landscaping …As others have said, the state funds have to come from somewhere. CA has higher state income tax, based on taxable salary. For lower earners, it is actually lower than many states. Texas needs $$ just like every other state.
However hands down Texas has some of the highest property taxes in the USA which I just found surprising.No state property tax in Texas, My statement is itemized....City, County, ISD, Water district, & Community College.
Good on you! But without restraints governments can still jack up your property taxes to the point it forces you to sell your paid off home because they've assessed it at three times what you purchased it for. Taxing an unrealized gain should be illegal.I have a choice on how much to spend on a home. We chose to not stretch home mortgages - stay below our means - speed up pay-off (done) - do some remodeling and landscaping
www.zillow.com you can find every sale price in your community“ All you need to do is know a realtor, and have him pull recent sales for dwellings in your proximity.”
I already know this, hence one of the several reasons it’s an unfair grift. The general public doesn’t have access to MLS and would need access every year. Even then you are at the mercy of the tax appraiser and their farce of an appeals process.
Ya but is has severely distorted the residential market because there is a huge adjustment for buyers of the real estate and unless you're relocating out of state there's also a disincentive to sell.This is exactly why California has Prop 13 property tax protection that limits property tax increases to a maximum of 2% per year. This initiative was enacted in 1976.
At the time property values were increasing so rapidly people were losing their homes because they could no longer afford their property taxes. This is one thing California has done right, but the super majority government we have in Cali has for years tried everything it can to repeal it.
Scott
Thank you for the chart.However hands down Texas has some of the highest property taxes in the USA which I just found surprising.
It's tricky as all local governments tax so the chart shows the "median" tax.
Example where we live, North Carolina Median is .78% of assessed value however our taxes on the Southeast coast are only .34% (POINT 34 percent) which is freaking amazing, among the lowest in the entire state, way less than I paid in South Carolina, because in SC we lived in the second highest taxed county.
View attachment 331928
Source and median tax rate list by state in the link +
https://www.tax-rates.org/taxtables/property-tax-by-state
@JeffKeryk
CA median tax rate is almost as cheap as NC...Texas is right up there with the entire Northeast (gulp) which is surprising to me.
And one issued from the safe, comfy sidelines, as usual.A tired straw man argument.
Do you have a bot or script that will scrape for comps? Otherwise, not practical nor an accurate source of truth.www.zillow.com you can find every sale price in your community
They have it slightly elevated - so we don’t fight it …Good on you! But without restraints governments can still jack up your property taxes to the point it forces you to sell your paid off home because they've assessed it at three times what you purchased it for. Taxing an unrealized gain should be illegal.
Scott
And again - folks know this before they sign the paperwork …Thank you for the chart.
I wonder what "rates" really mean. California is "only" 0.74% but a shack in a bad neighborhood is $2M?
Texas doesn't surprise me - no income tax, reasonable sale tax, no property tax on vehicles, etc. But what is up with places like Nebraska and Michigan?