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value ,location and taxes on your home
Old 09-04-2006, 04:58 PM   #1
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value ,location and taxes on your home

i think a pertanent poll would be :

whats your home value
where are you located
whats your taxes
cost of home insurance

for those of us undecided and open to any and all ideas of where to relocate* *i think this would be more useful than just the mortgage and taxes you pay poll we now have going...
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Re: value ,location and taxes on your home
Old 09-04-2006, 05:54 PM   #2
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Re: value ,location and taxes on your home


DFW area = Dallas County Texas

2200 sq ft 1960s custom ranch style home (no basement)

$153,000 (value according to tax assessment)

$4000 for 2005 city, county & school district property taxes (homestead)

Insurance $1300 a year.


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I was in a restaurant this weekend and almost froze !

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Re: value ,location and taxes on your home
Old 09-04-2006, 06:01 PM   #3
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Re: value ,location and taxes on your home

Home value: $398,000
Location: Minneapolis, MN
Property tax: $3,600
Cost of home insurance: $1,091
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Re: value ,location and taxes on your home
Old 09-04-2006, 06:03 PM   #4
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Re: value ,location and taxes on your home

North Florida
3000 sqft home, built 1969. Market Value $425K.
Prop Tax after homestead exemption $3900.
Home own ins., $1400.
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Re: value ,location and taxes on your home
Old 09-04-2006, 06:43 PM   #5
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Re: value ,location and taxes on your home

London ON

2000 sq. ft. built 1983. ~ $275 000

Property taxes $3000

Home insurance $450.
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Re: value ,location and taxes on your home
Old 09-04-2006, 06:45 PM   #6
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Re: value ,location and taxes on your home

CT - Western, inland (not on the Gold Coast)
2700 sq ft homebuilt in 1985 *Market Value $300k.
Property tax *$3700
Property tax on 2 automobiles $1100
Home owners Ins. $700
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Re: value ,location and taxes on your home
Old 09-04-2006, 06:50 PM   #7
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Re: value ,location and taxes on your home

Pasadena CA
1000SQ FT 2BD 1 BA built 1927
Appraised value (by bank, not for tax) $525K
RE tax $1,800
Insurance (w/o earthquake coverage) $650


So CA has a high income tax but low property tax. And if you owned before 1976 then RE tax is even lower.
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Re: value ,location and taxes on your home
Old 09-04-2006, 06:51 PM   #8
 
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Re: value ,location and taxes on your home

whats your home value - $575K
where are you located - Minneapolis Suburbs
whats your taxes - $4500
cost of home insurance - Not sure we're in an Assoc.
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Re: value ,location and taxes on your home
Old 09-04-2006, 07:01 PM   #9
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Re: value ,location and taxes on your home

Raleigh, NC - 1800 sf on a lake not far from downtown
$150000 value - estimate based on comparable sales
Taxes - $1300/yr
Insurance - $400/yr
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Re: value ,location and taxes on your home
Old 09-04-2006, 07:16 PM   #10
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Re: value ,location and taxes on your home

Home Value approx 300K
18 miles east of Pittsburgh PA
RE Tax $4800
Ins 750

NO RE bubble here.
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Re: value ,location and taxes on your home
Old 09-04-2006, 07:49 PM   #11
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Re: value ,location and taxes on your home

85k, St Jo, MO

1100 sq ft, 3 bedroom, 1 bath

850 Taxes, 350 per year insurance.

heh heh heh heh heh - bought at the top of the bubble last year.
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Re: value ,location and taxes on your home
Old 09-04-2006, 07:53 PM   #12
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Re: value ,location and taxes on your home

Northern Virginia (suburb of D.C.)
$450,000 1850 sq ft 3 Br in "55 or better" community
HOA dues $215/month
Taxes - $3100
Homeowners Insurance $570

Grumpy
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Re: value ,location and taxes on your home
Old 09-04-2006, 07:57 PM   #13
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Re: value ,location and taxes on your home

Dallas burbs - Collin County
1650 sf "ranch", built 1985
Purchased in 2000 for $113,000, now worth $130k-ish
Taxes $3k, insurance $850
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Re: value ,location and taxes on your home
Old 09-04-2006, 07:59 PM   #14
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Re: value ,location and taxes on your home

Dallas Suburb

Home Value: 550K
Property Taxes: 11K
Homeowners Insurance:2K
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Re: value ,location and taxes on your home
Old 09-04-2006, 08:11 PM   #15
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Re: value ,location and taxes on your home

Charleston County, SC

2480 sq ft house, 1 story plus FROG
Built & bought in 2002 for $375k, now worth $450-550k
Taxes $2100
Ins $1800 (includes earthquake)
HOA $350/yr
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Re: value ,location and taxes on your home
Old 09-04-2006, 08:48 PM   #16
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Re: value ,location and taxes on your home

Northwest WA State
1750 s.f. built 1928
2 br. 1.5 ba
$275,000 based on comps ($295,000 according to Zillow)
Bought in 1989 for $50,000 made $40,000 in improvments
Taxes $1500
Insurance $420
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Re: value ,location and taxes on your home
Old 09-04-2006, 08:51 PM   #17
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Re: value ,location and taxes on your home

Quote:
Originally Posted by Starry Night
North Florida
3000 sqft home, built 1969. Market Value $425K.
Prop Tax after homestead exemption $3900.
Home own ins., $1400.
What would the taxes be if the same home was bought today and had not yet got homestead exemption. In other words, what value are the home taxes based on?

It is not a fair assessment for those with homestead that have owned their homes for a while as tax increases are limited to 3% per year in FL with homestead.

A fairer pole would be based on if one purchased the home today, what would the taxes be. On a $425k home in FL in Duval County Jacksonville it would be about 1.8% of the assessed value which is pretty close to what one pays for the place initially, so say $400k which would be more like $7200 per year, or $600 per month!

Sorry, to interject with the poll, but for us renters who are considering buying, and like these type of polls to help with the rent vs buy calculations, that is a far more pertinent number.

SWR
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Re: value ,location and taxes on your home
Old 09-04-2006, 08:57 PM   #18
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Re: value ,location and taxes on your home

Having sold a 1750 sq ft, 3 bedroom, 2 bath (built in 1985) house in Austin TX for $156,000 last year, these home appraisal numbers you guys have are blowing my mind!

Property taxes were around $4,500.

Audrey
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Re: value ,location and taxes on your home
Old 09-04-2006, 08:58 PM   #19
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Re: value ,location and taxes on your home


In Texas one can apply for a homestead exemption
the January following year of purchase, if the home
is your primary residence.

Property taxes are high in Texas because they are
the primary tax for schools. Property tax reform
was passed this year, but will not go into effect
until next year.

Texas, like Florida, has no state income tax.


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Re: value ,location and taxes on your home
Old 09-04-2006, 09:01 PM   #20
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Re: value ,location and taxes on your home

All numbers in Canadian $

Location: Western Canada (the really cold part)
House: 2800 ft 5 level split (2800 above grade) <300K
Taxes: $4200
Insurance: $650
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