Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Property taxes...whats not included?
Old 11-26-2004, 06:21 AM   #1
Full time employment: Posting here.
 
Join Date: Jan 2004
Posts: 851
Property taxes...whats not included?

Question for you guys.

I am curious what some of you other guys pay for water bills and sewer bills (if anything).

I am trying to make myself feel better my relatively high property taxes by taking into the account that that includes sewer and water costs (because I have a well and private septic). And my water is GREAT so I don't buy bottled water like a lot of people do.

The town next to me has similaryly high tax rates, but also has to pay sewer and water bills. (and buy drinking water because the "town" water tastes like crap).

How much does one pay for sewer and water in some of your communities?

My guess is that you could easily eat up $1000-$1500 per year on water bills, sewerage bills and buying spring water if you needed to...but not sure if I am way off base or not?



farmerEd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Property taxes...whats not included?
Old 11-26-2004, 06:27 AM   #2
 
Posts: n/a
Re: Property taxes...whats not included?

Yeah, farmer Ed, I've wondered about this too. We have well and septic now, and our water is great here also. I used bottled water where I lived before. Nice not to have that expense.

John Galt
  Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 07:23 AM   #3
 
Posts: n/a
Re: Property taxes...whats not included?

Quote:
I am curious what some of you other guys pay for water bills and sewer bills (if anything).

My guess is that you could easily eat up $1000-$1500 per year on water bills, sewerage bills and buying spring water if you needed to...but not sure if I am way off base or not?
My water bill which includes sewer in Florida is about $20/month. Property tax is about 1% of assessed value which right now is much less than current market value.
In Texas, my bill for water/sewer/garbage service is about $85/month. Property tax was about 2% of assessed value which was about $5000 more than market value.
  Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 07:28 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Jun 2004
Location: No. California
Posts: 1,842
Re: Property taxes...whats not included?

My water bill is 31.00 a month for unmetered water and the sewer residential fee is 14.55 a month. I also have a regional sanitation fee of 15.40 which may go with the garbage fee which is 22.50 for a 90 gallon can. I don't know if the 15.40 is a sewer fee or not.
KB is online now   Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 08:31 AM   #5
Thinks s/he gets paid by the post
Hyperborea's Avatar
 
Join Date: Sep 2002
Location: Silicon Valley
Posts: 1,008
Re: Property taxes...whats not included?

$46 / month for water, sewage, and garbage
1.25% property tax based on purchase price
Hyperborea is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 08:33 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Re: Property taxes...whats not included?

We pay about $120 per quarter for water. Sewer is just over $1,000 per year.

Thinking about installing an out-house!

ESRBob
__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 10:30 AM   #7
Full time employment: Posting here.
Calgary_Girl's Avatar
 
Join Date: Jun 2004
Location: Calgary
Posts: 805
Re: Property taxes...whats not included?

$45/month for water, sewer and garbage combined.

Property taxes are 0.8% of assessed market value.
__________________
I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either.
Calgary_Girl is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 12:44 PM   #8
Thinks s/he gets paid by the post
charlie's Avatar
 
Join Date: Mar 2004
Location: Dallas
Posts: 1,211
Re: Property taxes...whats not included?

Hey ESRbob,

In Dallas, the sewer tax is based on your water
consumption. You can't win!

Cheers,

Charlie
charlie is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 06:14 PM   #9
Recycles dryer sheets
 
Join Date: Jan 2004
Posts: 188
Re: Property taxes...whats not included?

Just before I left Travis County just outside of Austin, Texas my neighborhood (incorporated town within west Austin ... had a sewer system installed. $2000 for initial hook up and a beginning $50/ mo. fee to change when system was complete. They charges will be based on water consumption.

I well remember water bills in some summer months over $120. Property taxes as in most towns in Texas were about 2%. (no income tax, however)

Now on a small ranch I pay $2/acre preperty taxes because I have an agricultural exemption. One acre that the house, guest cabin, and pole barn are on costs me just over $1100/year. I am on well water and septic. My electirc bills fall between $71 - $96.

My electric bills back in Austin were $120 - $230 per month.

I figure that it costs me about $1400/mo. less per month to have this ranch rather than the oversized home in an upscale neighborhood.

__________________
Ol&#039; Rancher<br /><br />I wake up in the morning with nothing to do, and by the end of the day, I feel lucky if I&#039;ve gotten less than half of it done.
Ol_Rancher is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 06:22 PM   #10
Recycles dryer sheets
 
Join Date: Jan 2004
Posts: 188
Re: Property taxes...whats not included?

Oh, I almost forgot .. residents of the city of Austin have around 6 fees tacked on their electric bills. The city owns the power cimpany. On each electric bill is a natural gas surcharge, pothole fee, environmental fee, line maintenance fee, and others which inflates the bill by at least 20%. ... then they turn around and subsidize people hundreds of dollars each for upgrading thier air conditioning or weatherizing there homes.

As I said in an earlier post, Austin has been Califorincated.
__________________
Ol&#039; Rancher<br /><br />I wake up in the morning with nothing to do, and by the end of the day, I feel lucky if I&#039;ve gotten less than half of it done.
Ol_Rancher is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-26-2004, 08:40 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: Property taxes...whats not included?

Quote:
Oh, I almost forgot .. residents of the city of Austin have around 6 fees tacked on their electric bills. The city owns the power cimpany. On each electric bill is a natural gas surcharge, pothole fee, environmental fee, line maintenance fee, and others which inflates the bill by at least 20%. ... then they turn around and subsidize people hundreds of dollars each for upgrading thier air conditioning or weatherizing there homes.

As I said in an earlier post, Austin has been Califorincated.
You have to pay for potholes? We get those free in Arizona.
sgeeeee is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-27-2004, 02:18 AM   #12
 
Posts: n/a
Re: Property taxes...whats not included?

Austin is the token liberal city in Texas. They should
call it a "black hole" fee, cause I am pretty sure that's
where your money goes.

John Galt
  Reply With Quote
Re: Property taxes...whats not included?
Old 11-27-2004, 02:53 PM   #13
Dryer sheet aficionado
 
Join Date: May 2004
Posts: 25
Re: Property taxes...whats not included?

$48/mo for water/sewer/trash pickup. Annual property taxes are about .9% of property value.
mccl is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-29-2004, 09:46 AM   #14
 
Posts: n/a
Re: Property taxes...whats not included?

I live in Austin and my water bills are around $25 in the winter +$25 sewage. In summer they run about $55 for water and $25 for water but we have a small yard.

They do add a lot of fees to our bill - they change them every so often just to keep things interesting. There have been the fees mentioned in the earlier post along with a gutter fee, a curb fee, a street light fee. Right now we have a comprehensive drainage fee (this is for water draining off the street) in addition to the sewage fee.

Once a week trash pick up is $18 a month (you pay extra if it will not fit in the can).

My electric bill is about $90 (gas heat) in the winter and $325+ in the summer. We keep the temp at 78 when at home and 84 while we work. We do not have an energy efficient AC but it makes more since to pay the extra electricity for a few months than pay for the AC unit all year.

Our property taxes just hit $9000 this year - OUCH. We are planning to move like Ol_Rancher when we retire. I can do a lot of traveling on the extra $6000 I pocket from lower propety taxes.
  Reply With Quote
Re: Property taxes...whats not included?
Old 11-29-2004, 11:40 AM   #15
Thinks s/he gets paid by the post
 
Join Date: Dec 2003
Posts: 1,375
Re: Property taxes...whats not included?

Quote:
I live in Austin and my water bills are around $25 in the winter +$25 sewage. In summer they run about $55 for water and $25 for water but we have a small yard.

Our property taxes just hit $9000 this year - OUCH. We are planning to move like Ol_Rancher when we retire. I can do a lot of traveling on the extra $6000 I pocket from lower propety taxes.
Darlidolls:

Just out of curiosity, what is the market value of your property. (Not assessed, etc, etc., that gets too complicated). In other words what would your property sell for to generate a $9000.00 tax bill?
Not that it is that high, but beings Texas has no state income tax, would be interesting to see how they are generating enough income to forego state income taxes.
Regards, Jarhead
Jarhead* is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-29-2004, 11:53 AM   #16
Recycles dryer sheets
 
Join Date: May 2004
Posts: 495
Send a message via AIM to yelnad Send a message via Yahoo to yelnad
Re: Property taxes...whats not included?

Our assessed value is $72,765 and we pay about $2400 in taxes. Our market value is about $175,000. We're out in the sticks so have a well (spring fed) and our own septic.

__________________
Yelnad --"What you're paying for is an education, not a room at the Sheraton,and sometimes that education is uncomfortable."- Jim Terhune, Dean of Student Affairs, Colgate University
yelnad is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-29-2004, 02:11 PM   #17
 
Posts: n/a
Re: Property taxes...whats not included?

The appraised value is 352,000. I also realistic think that is what we could sell it for.
  Reply With Quote
Re: Property taxes...whats not included?
Old 11-29-2004, 02:50 PM   #18
Thinks s/he gets paid by the post
charlie's Avatar
 
Join Date: Mar 2004
Location: Dallas
Posts: 1,211
Re: Property taxes...whats not included?

Jarhead, excuse me for butting in, but property taxes
in Texas support local gov while state sales taxes
support gov at the state level and city level.

Cheers,

Charlie
charlie is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-29-2004, 03:41 PM   #19
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Re: Property taxes...whats not included?

Quote:
The appraised value is 352,000. I also realistic think that is what we could sell it for.
by my seat-o-the-pants math that is coming up on 3% of the value of the house for taxes. I am 1.25% of the house value for annual taxes and thought that was sky-high. Maybe I should be glad I don't live in Austin!

Course there are two ways to move the dial on that ratio -- one is to raise the taxes themselves, another is to have home prices tank as people start to complain about the high taxes and move to ranches outside town.

I have two cousins (and former business partners) completely besotted with Austin and working on a new apartment building there. It is every liberal creative new yorker's idea of one of the few nice places to go between the Hudson River and California.

Guess there should be places like that for the people who like it. Those who don't can sell at high prices to those that do. Ain't that capitalism after all?

ESRBob
__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob is offline   Reply With Quote
Re: Property taxes...whats not included?
Old 11-30-2004, 06:08 AM   #20
Full time employment: Posting here.
Beststash's Avatar
 
Join Date: Nov 2003
Posts: 518
Re: Property taxes...whats not included?

I have to jump in and defend Austin - I consider it one of the few parts of Texas that is creative, educated, cultural, and yes even liberal. It is truly nice to be able to live in a community that accepts different cultures, and different people without the typical "bible belt" hypocrisy you find in most of the South. Most of the area is very open minded and those that are not tend to group themselves in a common area and just look the other way.

Austin is COOL!!

"Keep Austin Weird"

Beststash is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Prepaying real estate taxes for SEVERAL future years? MooreBonds FIRE and Money 16 01-25-2007 05:40 PM
Taxes tryan Other topics 0 12-08-2006 07:45 AM
Investment Property Sale Taxes ferco FIRE and Money 12 07-08-2006 06:36 AM
Title change effect on property taxes donheff FIRE and Money 5 05-25-2006 09:12 PM
Texas Property Taxes REWahoo FIRE and Money 40 11-04-2005 09:30 AM

» Quick Links

 
All times are GMT -6. The time now is 08:40 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.