View Poll Results: Property taxes as percentage of primary home assessed value
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> 0.5%
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25 |
14.88% |
> 1%
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57 |
33.93% |
> 1.5%
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34 |
20.24% |
> 2%
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18 |
10.71% |
> 2.5%
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16 |
9.52% |
> 3%
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4 |
2.38% |
> 3.5%
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3 |
1.79% |
> 4%
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1 |
0.60% |
> 4.5%
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2 |
1.19% |
> 5%
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0 |
0% |
> 5.5%
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0 |
0% |
> 6%
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1 |
0.60% |
> 6.5%
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0 |
0% |
> 7%
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2 |
1.19% |
< 8%
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1 |
0.60% |
< 9%
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0 |
0% |
< 10%
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1 |
0.60% |
< 11%
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2 |
1.19% |
< 12%
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0 |
0% |
12 or more%
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1 |
0.60% |
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10-15-2016, 05:59 PM
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#1
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Property taxes by region
Intrigued by other posts recently, so I thought I'd offer a poll based on what percentage of your primary home value you pay in property taxes.
Ignore any homestead/over 65 type exemptions; just report the rate as if you were not qualified for those.
In my case (Kentucky), it's just about 1.5% of my assessed home value.
It would be nice, although not required, if you could post your state/province/country.
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10-15-2016, 06:09 PM
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#2
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Full time employment: Posting here.
Join Date: Jan 2011
Location: Southern Maine
Posts: 672
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about $10k on a $700k home, Middlesex County, Mass
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10-15-2016, 06:13 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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There is no category for <0.5%, so I can't answer the poll.
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10-15-2016, 06:15 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 6,002
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The question is whether the appraised value is what your property is actually worth or is it more or less. Alabama appraised values are pretty accurate on a well maintained home. My county property taxes are about 2.75% to 3% or appraisal. City taxes will double that.
My wife was disabled, and we have no property taxes on our main house.
Surrounding states have property taxes that are substantially more.
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10-15-2016, 06:17 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,405
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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.
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10-15-2016, 06:31 PM
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#6
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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My old house had property taxes that were 0.59% of the appraised assessed value. Not sure yet on my dream home but I'll be finding out in about a month. It will probably be the same percentage, although the appraisal assessment was bumped up to the sales price when I bought it.
We have some of the lowest property taxes in the country, although there are a few other locations that are even better. BUT, if they don't get you one way, they'll get you another. Our sales tax is 9.75%.
(Edited to change "appraised" to "assessed". As someone pointed out below, the term that is relevant to taxes is "assessed".)
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-15-2016, 06:38 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Tax bill just came today;
CA prop 13, 1% of assessed value $194,256 = $1942
Bonds, direct costs and other fees = $219
Total $2,161
House value $350,000
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10-15-2016, 06:39 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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About 1.5% here in MO. 8% sales taxes. When I think it is bad I think of my friends in Chicago. Their house taxes are 7k to 15k depending on the house.
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10-15-2016, 06:43 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,340
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I just closed on a house in small town Wisconsin and I will be paying approx. 2.25% of appraised value. That seems very high to me but we do have good schools, police, fire....
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10-15-2016, 06:47 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,340
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Quote:
Originally Posted by W2R
My old house had property taxes that were 0.59% of the appraised value. Not sure yet on my dream home but I'll be finding out in about a month. It will probably be the same percentage, although the appraisal was bumped up to the sales price when I bought it.
We have some of the lowest property taxes in the country, although there are a few other locations that are even better. BUT, if they don't get you one way, they'll get you another. Our sales tax is 9.75%.
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Since i'm a relatively low spender I would prefer a system like you have rather than mine. I pay 2.25% property tax but just 5% sales tax(0% on food).
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10-15-2016, 06:58 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,679
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Without state-run school/property tax rebates, mine is between 2.5% and 3%. I live in a co-op apartment in high-property-tax Nassau County (Long Island) New York. With those rebates, it drops in half.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
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10-15-2016, 07:00 PM
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#12
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by aaronc879
Since i'm a relatively low spender I would prefer a system like you have rather than mine. I pay 2.25% property tax but just 5% sales tax(0% on food).
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I like this arrangement too, because I think it is easier to control when misfortune strikes. If I lost a bunch in the market, I'd be spending less so my sales tax would be less. But, my property tax would be the same.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-15-2016, 07:16 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,504
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Quote:
Originally Posted by Bamaman
The question is whether the appraised value is what your property is actually worth or is it more or less. Alabama appraised values are pretty accurate on a well maintained home. ....
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This.
I did not answer poll because OP references "primary home assessed value" in poll, while referencing "primary home value" in initial post. Two very different things and the relationship between them varies across taxing jurisdictions.
Just refinanced with appraisal of 700K to 900K ("as is" versus developer...)
Taking the lower number, my property taxes are 0.27% of last month's appraisal of our house and land. N.B.--we live on a "farm" and similar appraised value would have a much higher property tax percentage in the city core.
OTOH, the county has us as "appraised value" of 305,200 (despite buying for 600K some years ago), and an "assessed value" of $76,300. Tax is 1922. So that is 2.5% of the assessed value.
Thus, our answer can be 0.27% (or lower) or 2.5%.
FWIW, We are 10 miles from Nashville airport.
__________________
OMY * 3 2ish Done 7.28.17
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10-15-2016, 07:20 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
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Before property tax relief our 2016 property taxes are about 2.25% of tax appraised value and about 1.9% after property tax relief.
Our appraised value is probably about 70-75% of fair value (mortgage loan appraisal value/fair value).
So if in relation to fair value the rates are probably 1.6% and 1.4%, respectively.
In rural, northeastern Vermont, but waterfront, which adds to the value/tax bill.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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10-15-2016, 07:58 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,495
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Quote:
Originally Posted by Another Reader
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.
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+1
For those who have owned property for some time in the insanely appreciated parts of California, proposition 13 is a sweet deal.
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10-15-2016, 08:01 PM
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#16
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Recycles dryer sheets
Join Date: Jun 2010
Posts: 370
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$4,200 (2.3%) on a $180,000 home. 6% state sales tax. Erie County, Pennsylvania.
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10-15-2016, 08:09 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
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In Tx living outside city limits and over 65 5786 on an asessed value of 347k for 1.66. now if I were within the nearby city limits taxes would be about 7736 or 2.2%. This does show by choice of location you can control some property taxes, but of course you pay for trash pickup 500/year and pay more for water service (septic tank where I live however)
So the choice of incorporated or unincorporated does make a difference in Tx.
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10-15-2016, 08:17 PM
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#18
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Full time employment: Posting here.
Join Date: Jun 2004
Location: Calgary
Posts: 805
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$6700 on an assessed value of $1.03 million. Property taxes in Calgary are some of the lowest in Canada.
__________________
I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either.
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10-15-2016, 08:21 PM
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#19
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Administrator
Join Date: Apr 2006
Posts: 22,923
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Property taxes here in CT are dependent on the town in which you live. In my town, the mill rate is currently 27.83, meaning we pay 2.783% of the assessed value of the property, which is supposed to be 70% of the fair market value. We also pay the same rate on the value of our cars.
The mill rates in CT's 169 towns range from around 11 to 74. Yes, in some towns, your taxes are 7.4% of assessed value (approx. 5.2% of fair market value) every year.
__________________
Living an analog life in the Digital Age.
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10-15-2016, 08:36 PM
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#20
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Full time employment: Posting here.
Join Date: Nov 2010
Posts: 628
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2% property tax
7% sales tax
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