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View Poll Results: Property taxes as percentage of primary home assessed value
> 0.5% 25 14.88%
> 1% 57 33.93%
> 1.5% 34 20.24%
> 2% 18 10.71%
> 2.5% 16 9.52%
> 3% 4 2.38%
> 3.5% 3 1.79%
> 4% 1 0.60%
> 4.5% 2 1.19%
> 5% 0 0%
> 5.5% 0 0%
> 6% 1 0.60%
> 6.5% 0 0%
> 7% 2 1.19%
< 8% 1 0.60%
< 9% 0 0%
< 10% 1 0.60%
< 11% 2 1.19%
< 12% 0 0%
12 or more% 1 0.60%
Voters: 168. You may not vote on this poll

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Old 10-16-2016, 11:21 PM   #61
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0.9% of appraised value
6% sales tax (2% grocery food items)
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Old 10-17-2016, 02:05 AM   #62
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I live in southeastern Pennsylvania. Property has not been re-assessed here since 1972 and does not get re-assessed on sale. As a result, assessments represent less than 10% of fair market value. My taxes are 15% of assessed value and about 1% of fair market value.
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Old 10-17-2016, 02:48 AM   #63
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California - .36% of market value due to Prop 13.
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Old 10-17-2016, 05:18 AM   #64
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I wonder what the impact of Prop 13 has been on property values. Always got to be wary of those pesky unintended consequences.

At first blush it seems that Prop 13 would discourage people from selling, restricting supply and given the same demand prices would go up.
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Old 10-17-2016, 07:31 AM   #65
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Originally Posted by EastWest Gal View Post
It sounds like you are paying way too much. In PA property taxes are complicated. There's county tax, school tax, and other taxes. Go to your county and township websites and find out what your tax rate should be, the mil rate that is. Then look at your tax bills and see what you are paying. There must be a mistake somewhere. In our township, we pay about 2.5% between township and school taxes.

An example: In 2010 we went through reassessment and realized our house was over assessed by 25%, as well as most of the houses. Our county used a faulty formula. We had our house appraised for tax purposes, submitted a report to the county, and had our taxes reduced significantly. The folks working at the assessor office also live here. They were amazingly cooperative. I remember lines out the door that year in the assessor's office due to the mistake. Some people I know didn't seem to care. We did. We spent a few hundreds and saved thousands.

You're right. My mistake. For some reason I had $4,500 in my mind, but I checked, and the taxes were only $3,700 last year. So.... the real percentages would be.... 7.5% of assessed value. And 2.3% of market value.
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Old 10-17-2016, 08:29 AM   #66
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1.5% of assessed value which approximates FMV (based on the neighborhood and Zillow). Greensboro NC


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Old 10-17-2016, 01:01 PM   #67
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Originally Posted by pb4uski View Post
I wonder what the impact of Prop 13 has been on property values. Always got to be wary of those pesky unintended consequences.

At first blush it seems that Prop 13 would discourage people from selling, restricting supply and given the same demand prices would go up.
It definitely has a lock in effect that keeps people from moving -

The Lock-in Effect of California's Proposition 13

Transaction costs are high to move and long time owners lose Prop 13 benefits except for narrow exception cases. The median home price in San Francisco is $1.1M, so a 6% realtor fee alone would be $66K.
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Old 10-17-2016, 01:47 PM   #68
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Seattle Suburb,1.33% Property Tax, 9.5% Sales Tax, 0% Income, $80 per vehicle tax
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Old 10-17-2016, 01:50 PM   #69
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In California, the base rate is 1 percent. With all the fees, parcel taxes, and other silliness it's a little over 1.5 percent. That does not include the garbage bill, which the City managed to attach to the property tax bill.
Our Garbage bill is separate, but if you end up being delinquent they can put a lean against your home.

Also in CA so the rest is the same as yours. Also note in CA, it can not go up by more than 3% a year. In our area, somewhere around 2010, 2011 they were "temporarily" lowered because of the drastic drop in property values. When a home is sold, a new starting appraisal value is begun.

cd :O)
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Old 10-17-2016, 02:19 PM   #70
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Our Garbage bill is separate, but if you end up being delinquent they can put a lean against your home.

Also in CA so the rest is the same as yours. Also note in CA, it can not go up by more than 3% a year. In our area, somewhere around 2010, 2011 they were "temporarily" lowered because of the drastic drop in property values. When a home is sold, a new starting appraisal value is begun.

cd :O)

It's a 2% a year cap.
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Old 10-17-2016, 02:55 PM   #71
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Sarasota County, Florida: 1.3% of assessed value
Hometown, suburb of Columbus, Ohio: 2.5% of assessed value - ouch!
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Old 10-17-2016, 03:05 PM   #72
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It's a 2% a year cap.
You are correct. I was thinking of our 3% growth limits where I live.

cd :O)
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Old 10-17-2016, 03:49 PM   #73
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Michigan assesses real property at 50% of true cash (appraised) value.

House is assessed at 108k with annual taxes about $2,800.
2.6% on assessed value or 1.4% of true cash value
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Old 10-17-2016, 05:24 PM   #74
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Our property taxes on based on the year the home was built and does not change when sold. So for a 50 yo home that is worth 300k we pay 700.00/year. We paid more when we lived in a newer home. We completely re-did this home but it doesn't matter.
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Old 10-17-2016, 05:53 PM   #75
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Versus % of home value, as assessed or market value, isn't the real issue of taxes of any kind the percent of living expenses? Market/assessed value for the same house in various locations can be 5x, 10x different. So percent of value becomes rather meaningless imo.
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Old 10-17-2016, 06:12 PM   #76
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Versus % of home value, as assessed or market value, isn't the real issue of taxes of any kind the percent of living expenses? Market/assessed value for the same house in various locations can be 5x, 10x different. So percent of value becomes rather meaningless imo.
There is no perfect standard of measurement. Say I live in new subdivision of cookie cutter homes; unlike my median income neighbors, I choose to have very high living expenses due to extensive international travel, weekly purchases of $5000 handbags for DW, cocaine for breakfast, and $800 wines each lunch and dinner. By your metric, my [property] taxes are far less than theirs, even though we are paying the same amount....

(Of course, the bigger question would be whether I'd die quickly enough to maintain that spend rate!)

E.T.A. bracketed word.
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Old 10-17-2016, 08:21 PM   #77
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By your metric, my [property] taxes are far less than theirs, even though we are paying the same amount....
Yes, they are far less. Same amount is meaningless relative to % of expenses as I see it.
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Old 10-17-2016, 08:30 PM   #78
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This survey may be of interest to people considering moving.

Good info in any respect, it's the real deal from real people.
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Old 10-17-2016, 09:50 PM   #79
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About 1% here. $1500 on our $147k house. That's fair market value as of the last assessment on Jan 1 2016. We lucked out because the market in our neighborhood is on fire and the house is probably worth closer to $180-200k today (yay gentrification!!). No readjustment for 8 more years

It's been pretty steady at 1% of appraised value for the past 13 years. We're in the city, so we're paying more than county residents that pay closer to .6-.7%. Of course we get water, sewer, trash, paved streets, fast police and fire response times, parks and recreation facilities (including discounted user fees), etc. Can't say I'm sad to pay that $600 in city taxes.
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Old 10-18-2016, 05:56 AM   #80
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Oops, I voted for 2% and then recalculated... guess my property tax bill has decreased a bit more than I thought. Actually closer to 1.8% in Waukesha Cty, WI. Can I vote twice for this poll and skip the presidential election??
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