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Old 12-26-2009, 10:14 AM   #41
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I get decent sized AC bills, too.
We will be relocating upon FIRE...
And as I remember,a beefy real-estate tax bill too! I was shocked when I found out how high RE taxes are elsewhere outside of AZ. It is understandable if a state does not have income or sales taxes, but when they hit you with all of the possible taxes, I would have to wonder where it all went.
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Old 12-27-2009, 12:24 PM   #42
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I think that is a really smart idea, if you can find a place with a lower cost of living where you would like to live in FIRE. Where are you thinking of relocating?
Very likely somewhere sunny out West. We really like CO (where DW grew up) and NM. In the intervening years, we will also investigate places like ID, eastern WA, possibly AZ, etc. Lower cost of living and a sunny climate are high on the list (the latter looms large in the winter as I am sliding further into SAD with each successive winter).

Yes, NW. My modest 3 bed, 2 bath house on a quarter acre in a middle class town runs me $8k/year in RE taxes (for a house that recently appraised at 360k). Price of admission for the largest labor market in the world for what I do. Eventually I will no longer need access to the labor market and it will not be worth the price.
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Old 12-27-2009, 02:18 PM   #43
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The tax you quoted is about 2.5 to 3X that in AZ.

Is the high RE tax peculiar to areas across the water from NYC?

I have been through NJ only twice and, knowing little about the state, do not imagine that the rest of NJ population would have an income level that high to afford the taxes.
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Old 12-27-2009, 03:06 PM   #44
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The tax you quoted is about 2.5 to 3X that in AZ.

Is the high RE tax peculiar to areas across the water from NYC?

I have been through NJ only twice and, knowing little about the state, do not imagine that the rest of NJ population would have an income level that high to afford the taxes.
It is higher in some areas than others, but way above national average rE taxes are a feature of the entire state.
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