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Old 01-31-2021, 04:08 PM   #21
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Join Date: Jan 2020
Location: Milwaukee
Posts: 2,554
WI (just outside of Milwaukee)

Home: $370-400k
Homeowners: $730
Prop. Taxes: $9400

(Perhaps I should note that I live in a high-services, good-school-district location.)
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Old 01-31-2021, 04:12 PM   #22
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Join Date: Mar 2013
Location: Limerick
Posts: 4,602
Primary home: PA
Est. Value: $560,000
Property taxes: $7,979
HO insurance: $2,583

Second home: NJ (2 blocks from beach)
Est. Value $630,000
Property taxes: $6,533
HO insurance: $1,651
Flood insurance: $905
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Old 01-31-2021, 04:20 PM   #23
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Location: St. Charles
Posts: 3,316
OK, I'll play.

Current Townhome/condo value: $200k
Taxes: Under $2k/yr
HO Insurance: $300/yr

HOA fees cover major replacement insurance
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Old 01-31-2021, 08:00 PM   #24
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Join Date: Dec 2018
Location: DuPage County IL
Posts: 1,914
market value is $375k'ish. prop taxes are roughly $7k, homeowners insurance is $1600. chicago western burbs.
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Old 01-31-2021, 08:07 PM   #25
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Posts: 423
Our house is assessed at $338,000. Last year we paid $1200 for homeowner's insurance and real estate taxes were $2,200. This year our real estate tax dollar amount will be 26% more due to a 17% increase in assessment and a 8% increase in the tax rate.

We also have the displeasure of paying personal property taxes (levied on boats, airplanes, and automobiles) at a yearly rate of 4.88% of the blue book value. There is a tax relief for automobiles only where you only have to pay 50% of the personal property tax up to a blue book value of $20,000, and the full tax rate on any value over $20k. This is a county tax and it varies by Virginia county.
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Old 01-31-2021, 08:16 PM   #26
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SC- One mile to the beach, as the crow flies.

Home FMV- $600,000.00
Prop taxes- $1,700.00
Homeowner's insurance- $3,500.00
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Old 01-31-2021, 08:34 PM   #27
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Homeowners insurance premiums have no relation to any taxes in the state. FL gets its money from taxing tourists rather than a state income tax (which is why my brother the tax accountant just moved there in retirement .) Your friend's homeowners insurance premium is a function of the massive hurricane risk.

I live in a suburb of Kansas City, on the Missouri side. House worth about $310,000, property taxes $5,200, homeowners insurance $2,400. We're in Tornado Alley so that bumps it up a bit.
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Old 01-31-2021, 08:41 PM   #28
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Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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Originally Posted by 11522914 View Post
Wow, only $685 on $750,000 value. Nice.
Besides my $5000 deductible to get that HO insurance rate at $685, another factor is the small acreage "land" is part of that $750,000 FMV I stated. Land itself is FMV probably $250,000. The home itself to rebuild is more in the $500,000 to 600,000 range---and that is what I am insuring in my HO policy. I got it quoted at $600,000 to be safe. But no sense buying HO insurance on "land". That's why they don't call them Landowners policies, rathe Homeowners policies.

Other factors as well, no "toys"---boats, trailers, shops, greenhouses to goose up the HO premium. No expensive "jewelry" additions, or gun collections, or other things that goose an HO premium. Only one 12' x 16' garden shed unheated no water, bare bones shed.
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Old 01-31-2021, 08:47 PM   #29
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Location: Willamette Valley, Oregon
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Wow, only $685 on $750,000 value. Nice.
And---I am blessed to live in western Oregon, on a hill. So, no flood hazard, no tornado or hurricane hazard, no blizzard tons of snow to collapse things hazard.

We did have widespread severe wildfires in the forests last summer about 20 miles from here. So, I am waiting to see if HO rates go up because of that.
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Old 01-31-2021, 08:59 PM   #30
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Join Date: Jan 2012
Posts: 1
Location: Austin, TX
Est. Value: $431,000
Property taxes: $9,950
HO insurance: $844 w/$5K deductible
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Old 01-31-2021, 09:10 PM   #31
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Homeowners insurance premiums have no relation to any taxes in the state. FL gets its money from taxing tourists rather than a state income tax (which is why my brother the tax accountant just moved there in retirement .) Your friend's homeowners insurance premium is a function of the massive hurricane risk.

I live in a suburb of Kansas City, on the Missouri side. House worth about $310,000, property taxes $5,200, homeowners insurance $2,400. We're in Tornado Alley so that bumps it up a bit.
That makes a lot of sense. My friend lives in Orlando. Can't imagine what homeowners insurance would be living near the coast.

I certainly experienced my share of hurricanes in my 30 years in FL. Luckily we missed hurricane Andrew. My MIL at the time lived in Miami. By the time the hurricane was over all that was left in their 3,000 sf house were the outside concrete block walls. Very lucky as they were on vacation in Europe.

I thought I would never see another hurricane after moving to Raleigh, NC. Damn it if hurricane Fran didn't directly hit Raleigh in 1996.
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Old 01-31-2021, 09:27 PM   #32
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Join Date: Aug 2004
Location: Laurel, MD
Posts: 6,979
I like reporting in percentages.

MD
PROPERTY TAX 1.4%
Insurance 0.2%

I appealed our property tax assessment so that saves us 7% which is huge and more fairly represents market value.
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Old 01-31-2021, 10:00 PM   #33
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Location: The 850
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Originally Posted by 11522914 View Post
That makes a lot of sense. My friend lives in Orlando. Can't imagine what homeowners insurance would be living near the coast..........
Florida Panhandle, 1 mile from the beach. Newer house, built to current code.

Value ~$700,000
Insurance - $2,100
Taxes - $3,300

There were discounts on the insurance if an inspection confirmed the roof attachment, storm grade windows, etc.

Taxes are lower because I rolled over the cap on taxable value from the SoFla house bought in 1998

Property taxes vary widely across the state. My county has one of the lowest rates in the state.
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Old 01-31-2021, 10:43 PM   #34
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Location: Long Island
Posts: 2,106
Ballpark. Just finished work and I'm taking a nap before going back to work.

House value 500k
Property tx 16k (mostly for school)
H.O. insurance 2,400 for one house
Umbrella 2k
Auto 5k

Yes, we have a hefty income tax and sales tax in case anyone was worried we were slacking.
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Old 01-31-2021, 11:47 PM   #35
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Join Date: Nov 2004
Location: SF Bay Area
Posts: 214
SF Bay Area

Home value: $2.1M
Taxes: $15,400
Insurance: $1,400

I donít carry earthquake coverage.
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Old 02-01-2021, 01:51 AM   #36
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Join Date: Jul 2009
Location: Texas
Posts: 5,075
Texas

Estimated value -- hard to say since we remodeled. Maybe $475 to $500k

Homeowner's - $2672 Deductible - $4150 for most things on the policy

Taxes - $6640
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Old 02-01-2021, 06:04 AM   #37
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Ballpark. Just finished work and I'm taking a nap before going back to work.

House value 500k
Property tx 16k (mostly for school)
H.O. insurance 2,400 for one house
Umbrella 2k
Auto 5k

Yes, we have a hefty income tax and sales tax in case anyone was worried we were slacking.

Ouch! That's 60% of our entire yearly spend just for property tax and insurance. We don't have any sales or income tax as well
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Old 02-01-2021, 07:31 AM   #38
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Location: the prairies
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I like reporting in percentages.

MD
PROPERTY TAX 1.4%
Insurance 0.2%

I appealed our property tax assessment so that saves us 7% which is huge and more fairly represents market value.
Percentage leaves out important information. House insurance would be different for a $400k building on a $100k lot compared to a $200k building on a $300 lot. There's no need to insure land.
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Old 02-01-2021, 07:33 AM   #39
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Posts: 132
In St. Augustine, not on the beach but in a large community off I-95 -- 15 miles to the beach.

Home value: $~325,000
property taxes with homestead exemption: $3,300.00
property insurance with 1% deductible: $775.00

We moved from Maryland in 2020, our property insurance is less than what we were paying,(<25%). We changed companies -- Erie to State Farm.

Taxes are less when the difference in the home expense is adjusted.
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Old 02-01-2021, 08:42 AM   #40
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Location: Bend
Posts: 14
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Central NV

Current Estimated Home value $395,000 on one acre

Property Taxes
$2,200

Hazard Insurance
$895
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