Your monthly cost of housing

[FANOFJESUS]

Ug....mine is painful to write. 4400 square feet, brick, 3bath, 4 bedroom.

P/I $3786
Insurance 283
Property Tax 778/mo (Texas)
Electric 359
Water/Sewer/garbage 215 (big yard, lotsa water)
Yard 210 (big yard)
Cable/phone/cellphone/internet 150


TOTAL $5781/month

Anybody want to buy it? LOL

Not retired yet..........can't sell my business

That's funny cardude we are living for what you spend on your yard. The yard and water for it are coming up to about 425 a little more than we are running the entire house on. But to each his own I just get a laugh out of it.

 

[ChrisC]

1300 Sq Ft Condo (High Rise)

2580 Interest
470 Taxes
600 HOA
23 Insurance
80 Electric
25 Gas
200 Cable/Phone/Internet

3978 Total

4200 Sq Ft House (3 acres)

441 P/I
120 Insurance
241 Taxes
101 Electric
4 Water
65 Yard Maintenace

972 Total

 

[MasterBlaster]

Yeah housing doesn't cost much at all. In fact it costs next to nuthin'.

between that and a sack of beans and a sack of rice I keep my livin' costs really low.

Stop workin' and start livin'.

The good life awaits you.

 

[Westernskies]

East Mesa, AZ, 2862 ft2, built in 2001, Purchase Price $269K

1. Mortgage $0
2. Property Tax $150 (not a typo!)
3. Insurance $60
4. HOA $40
5. H20/Gas/Sewer $90
6. Power $165
7. Cable $69
8. Landline Phone $35
9. Pool maintenance $25

Total $634 (+ 10%)

House valued at ~475-$495K (Down from $575K in 2006)

Vacation home Home in Northern AZ Mogollon Rim Country 1700ft2, Built in 2000, Purchase Price $146K

1. Mortgage $0
2. Property Tax $100
3. Insurance $60
4. HOA $50
5. H20/Gas/Sewer $30
6. Power $90
7. Cable $25
8. Landline Phone $30


Total $385 (+ 10%)

2nd House valued at ~300-$325K

Life is good without a mortgage.

 

[Urchina]

They must have one killer clubhouse to charge more than a third of your mortgage.

No clubhouse. To be fair, the HOA fees of $415 cover:
Landscape maintenance (we've got quite a lot, but no lawn)
Hot water
Water
Sewer
Trash & recycling & greenwaste pickup
Earthquake & Fire insurance on the structure
Pool (large, clean, lovely, heated) maintenance & equipment
Outdoor lighting
Maintenance.
Taxes, management, etc.

Also, to be fair, when we bought the place 6 years ago the HOA dues were $280/mo and our mortgage (recently refinanced) was $1930/mo. So the ratio was much better.

The dues increase over the past six years has been nearly entirely due to cost increases for roofers and insurance. Our earthquake insurance more than doubled last year, despite the fact that nothing structural about our buildings has changed. We've also been aggressively saving (as an HOA) to fully fund our reserves. Once that's done it's everyone's hope that we can hold steady or decrease dues. Since I'm on the board, I'm going to see if I can help make that happen.

 

[Gumby]

Chicago area

2500sq ft on 3/10 acre with two car garage

$2,401 P&I
$725 Taxes
$74 Insurance
$21 Garbage
$95 Electric
$100 Nat Gas

$3416 Total

Finally, someone who knows the real joy of property taxes.

 

[Zoocat]

1200 sq ft townhome in Colorado

160 HOA fee
65 average heating and cooling
30 water
65 Cable Internet and TV, basic
25 home insurance
110 property tax

455 Total expenses

 

[ChrisC]

Finally, someone who knows the real joy of property taxes.

How about this couple who moved back to Brooklyn from Maplewood, NJ, where they were paying around $23K in property taxes, annually. http://www.nytimes.com/2008/11/02/realestate/02hunt.html

 

[CCdaCE]

1500 SF two level, plus 860 unfinished basement. Bought in '04 for $117-ish. Appraised at $145-ish now. One stall garage. Built in '49. Eastern ND.

$626 for P&I
$382 for Fire Insur., PMI, Prop. Tax. (all lumped into escrow'd)
$55 for water, sewer, garbage, mosquito spraying city-wide, other BS.
$110 for Cable, broadband, landline.
$50 for cell.
$120 in summer for electricity, A/C, hot water. Max of about 300 for this including winter heat.

Total = $1,343 to 1,523 per month.

Sheesh, and before this I was only payin' $475 for a 2 bed appt. with a 1 stall garage. The lack of room was gettin' to me/us.

-CC

 

[Gone4Good]

Just learned my property taxes are going up 47%.

Boy that blows.

 

[FANOFJESUS]

Just learned my property taxes are going up 47%.

Boy that blows.

WOW! What state is that?

 

[knucklehead 61]

i only know the rough numbers, i make the money but DW writes the checks.
$4,000 mortgage
$1,083 prop tax
$125 ins.
$125 gas & electric
$100 phone, cable, dsl
$75 water
so $5,508 minimum per month

not counting any of the 6 other mortgages, prop taxes, ins., prop. mgt., etc. for the rentals!

 

[old woman]

Mortgage interest 900
Mortgage principal 600
Taxes and ins 350
Utilities cable etc 400
Total 2250
1640 sf brick home with 1250 sf basement on .62 acres with 1760 sf garage and 2 car carport.
14 years of mortgage payments left but I will sell it sooner.

 

[SkisALot]

1800 square foot two-story house in California.

Property taxes (under prop 13): 102
Water/sewer: 101
Snow removal (road, not driveway
and averaged out all year): 51
House insurance: 188
(Building costs here are - still - around $350-400 square foot)
Electricity (with 100% wood heat): 140
Phone/DSL: 62
Satellite TV: 28

MOnthly total: $672

 

[Gone4Good]

WOW! What state is that?

The People's Republic of New Jersey. And unfortunately, it's not just a large percentage on a small base . . . taxes were already high. I think I'm going to be paying like $7.66 per square foot in property taxes each year.

 

[GoodSense]

1,600 s.f. townhome in mid-large midwestern city

Mortgage (P&I) - $1,050
Property Taxes - $200
Assn. dues - $175
Gas/electricity - $100 (avg - higher in winter)
internet/cable - $75
water/sewer - $10 (Not a fan of showers in our household)
Insurance - $35
cell phones - $85 (This could hardly be considered a housing cost)

Total - $1,730

 

[FANOFJESUS]

The People's Republic of New Jersey. And unfortunately, it's not just a large percentage on a small base . . . taxes were already high. I think I'm going to be paying like $7.66 per square foot in property taxes each year.

WOW if my home is Missouri were in NJ I would be paying 11,873 instead of 1700. I know you are going to laugh at this but I think my taxes are high in Missouri. I guess I am a cheapskate at heart.

 

[knucklehead 61]

when i retire we will move to our home in Cottage Grove, Oregon.
1612 sq. ft. house
2300 sq. ft. barn
1348 sq. ft. shop
11.5 acres

$1858 mortgage (5.5% 30 yr. fixed)
$120 prop tax
$48 insurance
no water or sewer bills (has well & septic)
$150 electric (a guess, as it is currently a rental)
$150 phone/cable/dsl (again a guess)

$2326 / mo. well under half the cost of our current home in California!
plus they all speak English in Oregon!!! i can't wait!!!

 

[brewer12345]

1800 sq ft house in NJ with no garage and an unfinished basement. Total non-mortgage expense is about $1250/month, of which just over $700 is real estate taxes. Plus an $1833 mortgage payment, 10 years left at 4.99%.

 

[Moemg]

1800 sq ft house in NJ with no garage and an unfinished basement. Total non-mortgage expense is about $1250/month, of which just over $700 is real estate taxes. Plus an $1833 mortgage payment, 10 years left at 4.99%.

I feel your pain as a former NJ resident .. I paid $300 a month in 1994 for a 1600 sq.ft home with a basement in Rockaway ,N.J. . I now pay $400 a month for a 3600 sq.ft home with a pool and a dock on Sarasota bay and I still think it is too high.

 

[73ss454]

I feel your pain as a former NJ resident .. I paid $300 a month in 1994 for a 1600 sq.ft home with a basement in Rockaway ,N.J. . I now pay $400 a month for a 3600 sq.ft home with a pool and a dock on Sarasota bay and I still think it is too high.

Ya think 400 is too high? If you bought the house you're in now you'd be paying 800 a month in taxes.

 

[JonnyM]

Central California, The San Joaquin Valley. It would constitute too much trouble to average out an entire year, but by dividing Taxes and Insurance by 12, and using last months figures I came up with $726 I'd prefer not to break it down as it's not particularly defensible. Some of the little things are way to big and the rented Storage Shed (included in figure above) to hold all our extra pack-rat "things" is pretty close to full.

 

[usrules]

720 SF 1BR condo apt in highrise outside of NYC. worth ~300k ?

~500 condo maintenance (including assessments last year, water, heating, gas, pool, healthclub, concierge)
135 taxes (after STAR tax rebate which cuts it in half)
70 electric
50 insurance
80 phone / internet/ basic cable
0 mortgage

total ~835

 

[OAG]

RE Taxes just last night went UP about 20% with approval of another School levy (89% goes to Salary).

 

[W2R]

The People's Republic of New Jersey. And unfortunately, it's not just a large percentage on a small base . . . taxes were already high. I think I'm going to be paying like $7.66 per square foot in property taxes each year.

Wow!! I hope you are getting some pretty awesome services in exchange for your property taxes.

Last year I paid $0.35 per square foot in property taxes. That low rate was reduced due to Katrina relief (and was less the year before).

This coming year I will probably be paying the normal rate levied before Katrina, which in my case would be about $0.61 per square foot in property taxes.

Property taxes are based on assessments here, not square footage.