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Old 02-05-2021, 04:58 PM   #61
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Join Date: Jul 2018
Location: Anaheim
Posts: 125
Orange County, California

Home Value (Zillow) 1,060,000
Property Tax = $6,480 (Thanks prop 13)
Homeowners Ins. = $1,551 (Doubled in the last ten years)
Earthquake = $624 (with 25% deductible)
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Old 02-05-2021, 04:59 PM   #62
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Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,540
Quote:
Originally Posted by anothercog View Post
Wow. I assume you purchased your place for under $300k. What year did you buy?
1979 for 105k. It goes up 2% + additional bond measures every year. We pass them all

Frankly I'd rather be taxed on income than home value because that seems more equitable to me. My home's value is really only relevant when I go to sell
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Old 02-05-2021, 05:04 PM   #63
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Join Date: May 2006
Location: Lansing
Posts: 7
Southern suburb of Chicago, Crook, er, I mean Cook county

Home Value: $230,000
Property Taxes: $8682
Home Owners Insurance: $1169
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Old 02-05-2021, 05:14 PM   #64
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Join Date: Dec 2017
Posts: 178
SF Bay Area, CA

Value: $1.7M (bought for $300k 26 years ago) - it's ridiculous. 3 bed/2 bath, 1500 square foot ranch

Property tax: $6k

Insurance:
Fire: $845
Earthquake: $1,481
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Old 02-05-2021, 05:33 PM   #65
Recycles dryer sheets
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Join Date: Oct 2007
Location: Rockwall,
Posts: 92
North Texas

Home 450K
Insurance 1800 per year
Property Tax Capped at 8500 vs 10,500
Sales Tax 8.25
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Old 02-05-2021, 05:58 PM   #66
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Join Date: Apr 2012
Location: Nashville
Posts: 2,250
Just outside of Nashville. 25 acres, zoned for subdivision, 40 year old, 4200 square foot house.

Value? Probably 800k-1mill.

Taxes 1950
Insurance (537k replacement cost, 500k liability, 2500 deductible) is 1650

Excess policy allows the low liability amount.
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Old 02-05-2021, 06:12 PM   #67
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Join Date: Aug 2011
Location: St. Augustine
Posts: 40
Live in NE Florida:
Assessed Home Value: $235,612
Estimated Home Value: $515,000
Property Taxes: $3,515
Yearly Homeowners Insurance: $1,495
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Old 02-05-2021, 06:25 PM   #68
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Join Date: Nov 2015
Location: Fort Myers, FL & Lake Of the Ozarks, MO
Posts: 198
Ft Myers, FL - Park Model / Modular
Home Value - $150K
Tax (Homestead) - $688
Home Insurance, No Flood - $1345
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Old 02-05-2021, 06:32 PM   #69
Recycles dryer sheets
 
Join Date: May 2011
Posts: 407
Quote:
Originally Posted by SecondCor521 View Post
My homeowner's policy excludes land value and ignores market value. It's based on rebuild cost estimate which is in turn based on square footage, number of bathrooms, finishes, etc. Plus how far away the nearest hydrant and fire department station is (both pretty close in my case).
+1

My ho policy works the same way.
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Old 02-05-2021, 06:50 PM   #70
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Join Date: Jan 2016
Posts: 941
NH. No income tax or sales tax here.

Property tax is $5000 for house only. HOA owns the land.

Homeowners insurance is $540. New construction 1100 square foot home is one year old. Paid $275,000 for it.

We don’t live by the coast. We live up high within walking distance of the big lake boardwalk but no where close to it that there could be any water problems whatsoever.
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Old 02-05-2021, 07:07 PM   #71
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Join Date: Jun 2018
Location: Howe
Posts: 7
I live in North Texas
Home value 235,000

Property tax: 1898.00
Insurance 1500.00. We are rural.
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Old 02-05-2021, 09:05 PM   #72
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Join Date: Jun 2016
Location: Kaneohe
Posts: 264
Out in the boonies, windward Oahu, Hawaii
3550 sqft on 1/3 acre, across the street from Pacific Ocean
Bought for $266K in 1991



Home value = $1.7M
Property tax = $3200
HO insurance = $6000


So, low property taxes, but EVERYTHING is taxed here, including the taxes!
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Old 02-05-2021, 09:34 PM   #73
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Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 32,251
Reside in: FL
Condo value: ~$200,000 (1,444 sf)
Property taxes: $1,894
Hazard Ins: $770

Lakefront vacation home in: VT
Home value: ~$400,000 (2,400 sf)
Property taxes: $7,011
Hazard Ins: $734
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Old 02-05-2021, 09:41 PM   #74
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Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 5,859
10 miles outside of Huntsville, Alabama

Home value: $450,000 (3900 sq. ft. with pool)
Property taxes: $0 due to my wife being disabled.
$1300 had I had to pay the taxes.
Homeowner's Insurance: $2,200 per year

Lake Home: $385,000
Property taxes: $1,100 per year
Homeowner's insurance: $1,100 per year
It's the prime waterfront land that's worth so much more than my house.
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Old 02-05-2021, 10:15 PM   #75
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Join Date: Nov 2010
Location: Sarasota, FL & Vermont
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Quote:
Originally Posted by gayl View Post
.
Helpful.

Post #64 above.... totally blank.
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Old 02-06-2021, 05:38 AM   #76
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Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,540
I'm wondering if those with what appear to be really high property taxes in other states have more land? I only have 1/3 acre
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Old 02-06-2021, 06:03 AM   #77
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Join Date: Jul 2008
Location: Leeward Oahu
Posts: 11,017
Quote:
Originally Posted by Doribe View Post
Reside In
Illinois

Current Estimated Home value $600,000

Property Taxes
$14,674

Hazard Insurance
$1,430
Interesting. Our condo in Hawaii is worth about $600K but our property taxes are just about 1/10 yours (about $1500).

Don't know what the insurance is as it's included in HOA dues. I'm guessing it's pretty hefty. I'm sure I can find out, but can't do anything about it, so I won't bother. YMMV
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Old 02-06-2021, 06:47 AM   #78
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Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 32,251
Quote:
Originally Posted by gayl View Post
I'm wondering if those with what appear to be really high property taxes in other states have more land? I only have 1/3 acre
Not in my case, Vermont property is only 0.7 acres.... it is just that property tax rates are high, in part due to lack of economies of scale.
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Patience is the art of concealing your impatience.
Slow and steady wins the race.

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Old 02-06-2021, 06:55 AM   #79
Confused about dryer sheets
 
Join Date: May 2006
Location: Lansing
Posts: 7
My $8682 tax in IL is only for a ~2000 sq. ft. home on a 75' x 125' lot...
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Old 02-06-2021, 07:54 AM   #80
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Join Date: Mar 2010
Posts: 112
Wow I'm feeling kind of depressed reading all these numbers. I knew our taxes were high but...

NW Ohio 2500+ SF house 20 acres land

Taxes approx $12,000/ yr
Insurance approx $1200 with a $1 MM umbrella.

We have lived here 5 years and the taxes were < $7,000 when we moved in!
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