What is your Base Housing Cost for 2022 (Tax + Insurance + HOA) w/o mortgage?

[kgtest]

3100sq ft, on 1/2 acre. in the suburbs of Minneapolis/St Paul

2021
$5,822 - Property Tax
$2,138 - Insurance


vs 2022
$6,016 - Property Tax
$2,250 - Insurance

3.84% increase

2020 to 2021 was a 5.4% increase.

 

[Love This Community]

I guess trvlBug, Luv2ride and I might qualify for being the 1 percenters in this elite group…[emoji12]

3250 SFT house on a 0.3 acre plot northwest suburbs of Chicago here
Property taxes - $18,100 per year
Insurance - $2600 per year
HOA -$0 dance

I should move after kids are off to college. Our costs are insane when compared to the base costs in general across ER board.

 

[lucky penny]

For us:

	Summer home 2,400 sf	Winter condo 1,440 sf
Property taxes	8,468	1,981
Insurance	808	875
Assn fees	0	3,920
Total	9,276	6,776

2022 property tax bill for summer home was only 1% higher than 2021. No mortgages. $1,338/month for both.... not bad.

Not bad at all!

 

[aja8888]

2000+ Square foot brick and hardiplank home in The Woodlands, TX (55 + community of 437 single family homes)

2022 figures - Home value =$350,000

Prop tax - $4080.00
Homeowners Ins. - $1236.00
HOA - 2400.00


Total = $7716 ($643/month)

 

[NW-Bound]

I always thought most of my housing cost is in maintenance and utilities, and not taxes and insurance, but lemme look.

For 2 homes worth a combined 7-figure:

* Total county taxes: $4773
* Total insurance: $2036

Pretty cheap, eh? That's because there's no hurricane, flood, tornado, earthquake, snow storm, ice storm here. It does not even rain.

And the local gummint is not expensive either.

 

[FlaGator]

Current annual costs. FL Panhandle, taxable value capped under state law due to prior homeownership. Tax would otherwise be 1.5-2x:

Property tax-$3,200
HO Insurance-$2,400
Flood Ins (optional)-$572
HOA - $2,000

Call it $700/mo. rounded

 

[Calico]

1075 SF, 3BR 1.5BA, 1971 ranch on .47 acres

2021 RE tax $1,386
2021 Home Ins $660
Total per month: $170

2022 RE tax $1,446
2022 Home Ins $702
Total per month: $179

No HOA, no mortgage.

Edited to add: Occasionally I think of moving back to the northeast, where I was raised. In the future when that happens, I will refer to this thread and the property taxes other people are paying.

My condolences to the folks paying RE taxes in NY/NJ/CT.

 

[marinauser]

Property Taxes: $17,000
Insurance: $2,000
HOA: $3,000
Total per month: $1,833

If you added Gas, Electric, Cable, home phone and alarm system, then another $7,000 for a total of $29,000 or about $2,420 a month.

 

[Montecfo]

Where do you people live I can’t believe how low the property taxes are in the towns you live in. I’m in NJ where I have 2 homes including a beach condo and the property taxes on EACH are over $13,000/ year!

I guess I see why a lot of people move in retirement and don’t mind being far away from their families ( we will not).

It is not so much us as you. NJ boasts one of the highest property tax rates in the country.

I think your governor commented a couple of years ago that if you think taxes are too high go elsewhere...or somesuch.

But nice beaches and beach towns for sure.

 

[Luvtoride]

It is not so much us as you. NJ boasts one of the highest property tax rates in the country.

I think your governor commented a couple of years ago that if you think taxes are too high go elsewhere...or somesuch.

But nice beaches and beach towns for sure.

I’m just curious what towns and states boast such LOW property tax rates. This comparison isn’t really useful for any purpose other than seeing those differences but most didn’t put a location or have it in their public view*

 

[Act2]

1500 sq ft high rise condo downtown in a Texas city. No State or local income tax.

Monthly:
HOA $900 (yes, really)
RE tax, monthly: $ 1050
Ins, monthly: $ 175 (some of the HOA fee covers insurance on the common areas of the building)
Total $ 2125

No mortgage.

Interesting and enlightening thread.

 

[wearefinishedworking]

Yes this is interesting. I am envious of these low annual taxes.

4 BR, 2 BA 2000 sf home on 1/3 acre in mid-Atlantic region

No mortgage, no HOA.
Taxes $5200
Ins $800
Total annual $6000

 

[5Miler]

I’m just curious what towns and states boast such LOW property tax rates. This comparison isn’t really useful for any purpose other than seeing those differences but most didn’t put a location or have it in their public view*

My home in a Northern suburb of Atlanta is only taxed $895 per year but in actuality the tax assessment is only $632 as the remainder is for trash collection somewhat recently added to our tax bill and a couple of other small fees. Taxes are low mainly due to the exemption for seniors 65 and older which removed all school taxes and school bond costs from our bill. Clearly it is the major portion of the bill as otherwise my tax bill would be over $3,000. This is a county tax exemption which very few Georgia counties offer. The state further provides other exemptions for seniors over 62 on other R.E. Tax line items but schools are the big hitter.

Home value per Zillow is $432K which is in line with a couple of home sales this past year across the street from my home. Shocking to me.

Georgia further exempts $65K of retirement income for seniors over 65 so I have no state taxes until RMDs kick in a few years from now. Many freebees for veterans as well leaving lots of budget for travel.

 

[ncbill]

$6k/year for me for HOA fee, home insurance, property tax.

Since it's a townhouse, though, monthly HOA fee covers everything outside plus water/sewer.

No need for me ever again to mow a lawn, clean gutters, etc.

 

[tb001]

We are definitely the losers so far. Our homeowners insurance alone went from ~4K in 2018 to 8k in 2020 (we switched providers, but similar rates) and this year they’re quoting 13k. One of the only places still insuring homes in our area, so I think we’re going to have to suck it up and pay.

 

[Vacation4us]

We are definitely the losers so far. Our homeowners insurance alone went from ~4K in 2018 to 8k in 2020 (we switched providers, but similar rates) and this year they’re quoting 13k. One of the only places still insuring homes in our area, so I think we’re going to have to suck it up and pay.

My goodness where do you live? 13k for insurance is nuts?

 

[tb001]

My goodness where do you live? 13k for insurance is nuts?

CA. Our home value has gone up by a lot. I was worried last year that given construction costs we would be underinsured. But the majority of the cost is driven by fire risk.

 

[gayl]

In expensive California:

Insurance 3873 (inc earthquake insurance with 5% deductible)
Taxes 3432
HOA $0
So would be $608.75 if paid monthly
1/3 acre

 

[ExFlyBoy5]

The cost of insurance most of you are paying is amazing as ours is not cheap...in the least! We use USAA which I know can be a bit expensive and the price is in line with Amica's rates.

2900 SF Home on 6 acres:

Taxes: $5650
Insurance: $3780
Earthquake (optional): $850
HOA: $300
ALL IN: $10,580/yr

Thankfully, no mortgage.

 

[Cobra9777]

4,500 sq ft home on 2.2 acres in North Texas...

2021
Property tax: $13.5K
Home insurance: $2.2K
Total: $15.7K ($1.3K/mo)

2022
Property tax: $14.9K
Home insurance: $3.0K
Total: $17.9K ($1.5K/mo)

Total is up 14% year-over-year.

 

[SomedaySoon]

1850 sq. ft SingleFamilyHome (but the development is condo ownership)

Realy tax 2022 = $6300
Home Insurance= $318 (per year)
HOA = $4032

Tot = 10,650 / 12 = 887.5 per month

HOA is high but it pays for mowing / snow shoveling to door / Clubhouse /Pool and large portion is Cap Reserve to replace infrastructure / Roofs etc.....

 

[Teacher Terry]

Property taxes are very cheap in Nevada and no state income tax which is why so many Californians are moving here.

 

[SecretlyFI]

1800 SF, 4 BR 2 BA house on 1/4 acre in NJ.
Annual property tax $10,152.
Town sewer fee an additional $672 annually.
Annual Insurance $756.
No HOA, no mortgage.

 

[KB]

Another Californian.

1670 SF single family residence. i think the lot is 1/6 acre.

Property taxes 6200
HOA 1668
INS 1500

Approx 780 a month. No mortgage.

 

[RockyMtn]

3500 sq ft home
Property tax: $7100
Insurance: $1613
HOA: $2000
Total: $10713 or $893 per month