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Property Taxes?

D

Deere Scotty

Member
Got the property taxes last week, & was just wandering...

What are some of the cheaper states charging? I live in Indiana & ours
in my opinion are pretty outrageous in a lot of counties; but not all over.
BUT; Then I dont know, or have any idea what others are paying. Maybe I
Need a lesson from the public of other states to be humble once again!
 
I have learned not to complain about my property taxes. My brother lives just over the county line a few miles south of me, has less land , and pays twice as much for property tax as I do. While I hate paying the tax bill, you have to consider the county has constantly rising input cost, just like the rest of us, but it still sucks !!
 
Google "Property taxes by state". Indiana comes in at #22 with #1 being the best. In Indiana your median home valuation is $135400 with a property tax bill of $1164. A lot of other factors come into play. Some states with low property taxes have "other ways" to secure revenue. I suspect that the reason Hawaii comes in at #1 is they can rely heavily on the tourism industry for revenue. Not everyone can do that. Wash DC looks pretty good probably due to federal $$$$ coming into play. New Jersey is the worst (#51) due to corruption, high pay for politicians, featherbedding, unions, astronomical pay for government retirees (most of whom live in Florida), and nnalert. Taxes other than real estate tax can offset the numbers, of course. Vehicle taxes and fees, personal property taxes, income taxes I believe there are 7 states that do not have a sales tax. School taxes take the biggest bite. Sun City, AZ used to be good because they didn't let people with children live there. Sales taxes vary. So, if you live in a state that has no sales tax but you don't buy very many things it does you very little good. New Jersey has no tax on clothing. Pennsylvania has no tax on furniture. You're free to take your pick as to where you want to live but it would pay to do a little homework. Moving to Hawaii for the cheap property taxes might not be smart if you had to fly back and forth a lot to visit family, etc.
 
I think NY is number one now, even above California. Would like to leave but probably can't afford to, value is way down also.
 
Alabama is low compared to other states. It varies by location within the state by county and muncipality. Our gets appraised every year. They have our one acre and house at something over $300k as I recall. With a homestead exemption we pay $1300 - $1400 per year. Another house we own in another county is valued slighty over $100k and taxes are just a little more.
 
I think the overall cost of living averages out, in MN we have a better than average quality of life and the cold winters make it expensive to maintain roads, so we pay higher taxes.
 
My property taxes increased almost $2k.
Hard to compare state to state.
Add in all taxes.
Gas tax
Licence plates,
Permits are a tax
State income tax
Sales tax.
Any hidden tax,

Feel free to add to my list.

The saying a penny saved is a penny earned is false.

If I save $2 I have to earn almost $3 to have $2 to spend .

I HATE taxes, but do my patriotic duty and pay them. George
 
In ny. 160 AC. 112 tillable. House and 1 small barn. Assessed $800,000 property taxes (school, town and county) $7200.
 
Comparing tax bills is like comparing apples and oranges.
What are the various items on the bill?
Example, we recently added an initiative for an extra millage to support our Sheriff department.
We support a number of other things that may or may not be on your bill. We even have a millage
in our township for garbage hauling. Al the things included or not on your various millages can
make comparisons difficult at best.
 
What I have learned and have seen.

It is impossible to compare taxes. Everyone tells anyone who will listen about how the taxes are so high in the area they live in and the taxes in other areas are so much cheaper. This is a bunch of BS.

You need to compare the tax rate per $1000.00 of assessment value. Then you need to take in consideration of state and local income taxes as some state taxes are high, some are low, and then some stats have no income taxes, Don'f forget to factor in the local sales taxes.

Don't forget some states have low or no income taxes also has a lot of fees / surcharges on cable bill, phone bill, etc. Then there are states that have possession taxes that you have to pay yearly on your truck, pool, solar energy, etc.

Don't forget your vehicle registration. In NY my truck is less than $100.00 every 2 years. In other states its several hundred dollars each year.

In the end, the cost of living balances out. You might pay higher land taxes here, but you have no income taxes, etc....

We all want government funded projects (Paved roads, library, hospitals, etc.) and in order to get that, that is why we pay taxes one way or the other.
 
My land is split in two pieces. The home piece is 30 acres valued at 250,000 and I pay $1200. The 30 tiljablenon-homestead is $600.
 
Here in Cayuga county, local property tax[to support towns and county] comes early in the year. School tax[based on property] comes later in the summer. The state has capped taxes on farmland, otherwise we'd be out of business. Plus, school tax on farmland, up to 350 acres, is refundable when you do state income tax. So, as a small crop farmer, I can't really complain. Homeowners, on the other hand, get hit hard.

We haven't begun to feel the pain this overall shut down will yield, as sales taxes support a large part of the local [town and county] governments, and sales tax revenues are way down. Cayuga county is going to furlough 11% of its employees. Our county highway dep't is already a skeleton crew as retirees are being paid, and there's no money to hire replacements.
 
I hear Nebraska is bad, very high rural real estate taxes, plus they have all the other taxes.

Illinois is high.

Minnesota is right up there.

Paul
 
The property tax for my home in Indiana DOUBLED from the prior year. NO I didn't build or add on or remodel for that to happen. I complained to the Assessor saying there's no way it could DOUBLE they told me it did !!!! In our state to transfer real estate when you buy it the Recorder will NOT record the Deed nor will the Auditor transfer the property unless and until Buyer and Seller sign/verify a public Sales Disclosure of the price paid PLUS they then publish it in the local newspaper. Sounds like invasion of privacy and possibly unconstitutional to me but they wont record the deed nor transfer ownership unless and until grrrrrrrrrrrrrrr

Death and Taxes

Nuff said

John T
 
We lived in Nebraska before moving to Misery.....Wife's dad told us that Misery taxes will be SOOOO much better...
RIGHT. Misery taxes EVERYTHING.
 
In South Carolina ag-use properties pay about $1.00 per acre with no improvements. The improved assessment will depend on the county and city.
 
I am just East of you. (Onondaga county). For years we have been told that the county property taxes basically fund the state mandated social services and the county takes in enough sales tax to fund all its other operating costs. (Hiway, sheriff, jail, courts , parks, DA, etc) . I am sure they will be way short due to the shutdown and shopping centers, restaurants and other business places closed and with the price of gas down and gas use down they will take in a lot less tax there too. It will be interesting to see how things play out.
 

Some folks choose to live in a big fancy house while I choose to live in a metal barn. I sold my brick house in 2001 to build my Barndominian so I could pay less taxes.

I live in a small 1020 sq ft Barndominian on 30 ag exempt acres & pay $400 a yr in property taxes.
 
For the current year my assessment went up $50k with the proposed tax burden going up accordingly. The tax office sends out the assessments in the spring, giving you time to protest before incorporation in the fall.

I protested and not only got it corrected but also got more knocked off due to the property amenities getting older. As it turned out an "intern" did my original tax estimates based on Google maps she referenced. My protest interview consisted of the intern and her supervisor. She is now more understanding of the tax structuring for 40+ year old farms vs the new brick mansions in urban areas! Actually, it was a very pleasant experience with respect shown from both sides.
 
I live in Central Ohio, on the edge of the better farm land,, the property taxes in my county average about $60 per acre,, county's north and west of me are around $75-$90 per acre
 
Just be happy you are not here in Suffolk County NY---2/3 acre and 2500 sf ranch 50 years old--$9700 this year
But my second home in Berkshire County MA---100 acres and 3000 sf cape cod 10 years old--$1800 this year
 
I assume you mean the total of your property and school taxes? What percentage of your total market value is your total tax bill? Pretty simple math. Tax bill and tax rate are different things.

I have two places in the northern Michigan in the lower peninsula and one place in the upper peninsula.

Home #1 with homestead exemption: Total taxes are 1.2% of the total market value.
Home #2 with NO homestead exemption: Total taxes are 2.4% of the total market value.
Home #3 in the UP with no homestead: Total taxes are 1.8% of the total market value.
 
SW Washington- millage rate is $11.60 per thousand. 8.5 acre "hobby farm" with 1970-ish 4 br house, pole barn and machine shed, $5,000 in property tax this year.
 
Haymaker 2 has it exactly right. There is no way to establish real tax burden. My sister in Nevada pays no income tax, but her auto registration is based on the value of her car. I think she told me it was almost $800.00 when it was new,
People in other states are charged a chattel tax on their possessions such as a TV or hot tub.
Some folks are in water or lighting or fire districts which are normally lumped in with the tax bill and are not always obvious.

In NY each town has its own valuation. Then things are not even equal. I get a 5% reduction for being a veteran on my property. I just turned 65 so next year I will be eligible for "enhanced STAR" which will cut my taxes even more.
 
The original post here asked about "property taxes." There certainly IS a way to figure out what percentage the property tax bill is, of the assessed "true" market value of the property. Not very complicated except some of these posts try to make it so.

Now if someone asks about total cost of living including every fee, tax, fine, surcharge that exists with every thing in life? Different question.
 
My property taxes on 40 acres, house and shop are 7K in Iowa, I am OK with it, great schools and good services.
 
Here in Vermont my taxes are $5,595.50 on real value of $326,900. This includes schools = total. I think Vermont is the Number 3 highest state in the nation.
 
No good way to compare as needs and services are extremely different.

What I have noticed is most folks are concerned about something dragging down their property values and never even think about what goes along with an uptick. You can't have it both ways.
 
Just looked my current tax bill up for reference . On two farms each with a old farm house, and a one acre lot with no buildings . Total cost $9.000.00 , or $750.00 per month. I think Ontario property tax must be very close to NY state.
 
I grew up in NY during the Rocky years, very young in Cattaraugus County, then in Steuben. My gramps owned an IH dealership, a trucking and lime spreading operation, owned a couple farms and rented a couple more, even sold coal in the winter, and was president of the school board- so he new the tax situation pretty well. Every time Rocky came on TV, gramps would go off, that sonofab...!! My dad was a BCI Investigator and was at Attica- he got called upon to fire tear gas from one of the helicopters when they went in, as he was in the command post and was the first guy they could find with the cert to fire gas. So he had his own reasons, as Rocky left the local SP barracks hanging out to dry, to hate 'ol Rocky with a passion. When I go back there, Steuben was humming when I was a kid, great farm country, Schulers, Birds Eye, peas, potatoes, kidney beans, wheat, oat, rye, two maybe three cuttings of hay, lots of dairy- pretty sad now. So now I am in Taxifornia- Prop 13 was great, but they do everything they can to sneak around it. School bonds one after another, but the money gets siphoned away and hey let's have another bond. Sales tax around 8%. Lotto that's supposed to go to schools, but.. Now they're trying another end-around of Prop 13. I live within a half hour of the ports and a bunch of refineries, but we pay much more for gas than inland- might have something to do with The Nephew's almost 50 cents gas tax. You should see our new Sheriff's Office/ palace- looks like a winery
 
How about some real numbers? What percent of your market value is your annual property and school tax bill?

Here in northern Michigan, my three places.
Home #1 with homestead exemption: Total taxes are 1.2% of the total market value.
Home #2 with NO homestead exemption: Total taxes are 2.4% of the total market value.
Home #3 in the UP with no homestead: Total taxes are 1.8% of the total market value.

My friend in Punta Gorda, Florida. Total tax is 1.1% of the market value
My friend in Glen Rock, New Jersey. Total tax is 3% of the market value.

Just saying "taxes are high" does not say much. How much is your property worth? What exemptions are you allowed? Homestead, senior citizen, veteran, etc.
 
Everybody talks a lot about taxes, but not about the need to keep up the services we have come to rely on and demand. Just remember that a fair tax to me is a tax that the other guy pays and the one that I don't.
 
Yea we do have personal property taxes but they don't amount to much for me because I have older vehicles,actually a two of them say 'no value'.State sales tax is
5.3% about the cheapest of any state around VA.Fuel tax here is cheapest in the region.
 
You don't have to go far where I live for a big difference. I live in Memphis so I have to pay city of Memphis and Shelby County taxes. On my little 1100 sq ft house built in 1954 with a 75 by 125' lot in a ruff part of town costs me about $350.00 for each one! Then in the next county over Fayette I've got 11.5 acres with a nice shop and pole barn no house and it's only $285.00! Even if it goes to what I pay now with a house it's a hellofva lot cheaper!
 
In 1978, I looked at a piece of property in New York state in Onondaga county, town of Manlius. It was a small starter type of house. One bedroom, small living room, kitchen, and bathroom. It was on an acre of land. The asking price was $26,000, which was maybe just a bit high for the time. I was ready to make a written offer when I looked over the tax information. Annual property taxes were about $5,600 per year.

I figured that even once I paid it off, it would cost me over $100 per week in taxes alone to live there. Yikes! I left it alone.
 
What gets me is the town property where the owner has no other expences to make a living pays same amount of tax the farm owner pays on house and yard but then because he is owning his bussiness they also tax him on the entire value of the property for the school, not just on the residence. Equal tax on each home I can seebut then the bare farm ground is what paus the tax to run the schools while the town property owner only pays a very small percentage of the amount of tax the farmer pays for to operate the schools. That school tax on property should be same for house and yard in either in town or on the farm. Farm ground should NOT be paying school tax as how many school kids does the bare farm ground raise to go into the school. Fair is fair and farmers paying school tak on the farm ground that the city person has nothing to compaie to it is WRONG. And renters should not be allowed to vote in property tax on something they do not own. Most schools that build newschools if only the property owners could vot on the tax to build them would not get built as the renter that thinks it does not affect his mony will vote for that new school when the old one is perfectly good but some people get the new diese. Remember that the property owners think the old school is perfectly good for their kids while the renter thinks otherwise.
 
Yeppers Indiana has done pretty well as compared to many others states and the HUGE cities wowwwwwwww talk about their taxes YIKES !!!!!!!!!!! I'm lucky to be living here as far as taxes are concerned even if mine (just property taxes not income) did double grrrrrrrrrrrr lol

Best wishes God Bless and take care now

John T God Bless America, keep her safe strong and great in these tough times
 
Leroy, Please explain to me how you think a renter does not pay property tax on the rental unit they are living in?

I anxiously await your reply....
 
(quoted from post at 09:46:30 04/29/20) Just looked my current tax bill up for reference . On two farms each with a old farm house, and a one acre lot with no buildings . Total cost $9.000.00 , or $750.00 per month. I think Ontario property tax must be very close to NY state.
Click to expand...

And you get Free Health Care.
 
I am 71 paying for 30 acres have 2 bedroom bath and half a basement under half of house ,barn 1 car garage a falling down junk collector hog
house it costs me $2000 a year for taxes. Oh this is on crushed rock road.
I agree with the renters should not vote for property issues.
 
I am sure somehow some of our local tax money ends up in pockets of some Cook county Il government official.
 
A factory doesn't have kids, a store doesn't have kids, a garage doesn't have kids.....but they pay property taxes.
 
Tax rate in my county is $.74 or 74 cents per $100 accessed value,farm and forest land gets a huge discount,highest county in the area.My place in the next county South of me I think the rate is $.58 or 58 cents per $100 accessed value.
 
I pay about 1.8% of what the county says my property is worth. I think their valuation is on the low side, but I'm not going to tell them. We also have a .75% income tax for the school system. That puts us close to 2.7% of what they say the property is worth.
 
Property taxes do get passed on to renters, so they should have a vote in how their money is spent.
 
Your local Assessor puts a value on your real and personal property. Those valuations tend to be low compared to a Market Data Approach or Cost Approach by a Certified Property Appraiser. You could complain to the Tax Tribunal why you think your taxes are too high, but good luck with that.... Your County Equalization Department ensures that property taxes are levied in a fair and equitable manner.
 
(quoted from post at 09:45:23 04/29/20) What gets me is the town property where the owner has no other expences to make a living pays same amount of tax the farm owner pays on house and yard but then because he is owning his bussiness they also tax him on the entire value of the property for the school, not just on the residence. Equal tax on each home I can seebut then the bare farm ground is what paus the tax to run the schools while the town property owner only pays a very small percentage of the amount of tax the farmer pays for to operate the schools. That school tax on property should be same for house and yard in either in town or on the farm. Farm ground should NOT be paying school tax as how many school kids does the bare farm ground raise to go into the school. Fair is fair and farmers paying school tak on the farm ground that the city person has nothing to compaie to it is WRONG. And renters should not be allowed to vote in property tax on something they do not own. Most schools that build newschools if only the property owners could vot on the tax to build them would not get built as the renter that thinks it does not affect his mony will vote for that new school when the old one is perfectly good but some people get the new diese. Remember that the property owners think the old school is perfectly good for their kids while the renter thinks otherwise.
Click to expand...


Leroy, plain and simple property taxes are based on what the property would sell for on the open market. If sale prices get too far off from evaluation prices the state orders the town to be re-evaluated. The assessors value properties based on strict detailed criteria. Values are adjusted for property upgrades through the annual owners report to the town. I don't know about renters voting for new schools but I know that parents do. Leroy please consider proof reading your posts before hitting submit. They tend to be difficult to figure out.
 
In WI about 2005 we got use value taxation on cropland and tax on it went from $15-20 /acre to $5-6/acre and land value and rents went up a lot . Problem is that rest of tax has to come from houses,buildings,and non crop land and state aid. Our property tax rate is about $20/thousand assessed valuation and our state income tax is pretty high (one retired school teacher friend just moved to FL to avoid it). Township no longer has enough money to keep up roads properly and politicians won't raise fuel taxes for road aid. We can get a homestead tax credit of $1500-2000. A $200,000 house on 1 acre will pay about $4000 tax and a 160 acre livestock farm about $5000 with the credit. 500 acres of good cropland will pay only $3000.
 
Scotty , Which county are you in ? Mitch Danials upset are prioperty tax system , And there are not enough Farm Boy Legislature Folks in INDY to change it Right. what gets us in trouble is when the run down place next to you gets bought , bulldoxed and someone builds a 250,000 house next to Your place ,..Now You live in a upscale neighborhood because the property next to you is more value able , So in Theory Your place is worth More . Therefore Your taxes ratchet up ... And of Course The worst thing about Mitchs' is INDEXING ! ..Even Though THere is a state Law saying Property Tax cannot increase no more that 1half of a percent per Year ,.. It is tied to indexing . If your assessment Goes up You are charged Tax accordingly .. And That is where FARMERS are being TAKEN to the cleaners ,. And the rich People in the doughnut counties around Indy get a break . this is long , i could talk it easier than write it .. But You Need to be a STate Rep or Senator Scotty
 
We are in a beautiful retirement area west of Phoenix and when we had a new home built three years ago we were told that the taxes would be about one percent of what the home will cost. So far in the three years they have been less than the one percent. You can plan according to your means here, if you want to spend more money they have more house to sell you. It's kind of like boats and airplanes. If you have more money they have more boat or airplane to sell you. All the homes in this part of the valley are new with new schools, fire departments, police forces, highways etc. I remember my Dad saying seventy years ago that the government would tax the air you breath if they could just figure out how to meter it. They now have a lot of us filtering it so maybe the next thing will be the meter.
 
Sounds like I need to move to Texas or Missouri, especially Texas. i would love to pay $400 a year for property taxes. Ours is just over $2000 a year for a 1,080 sq ft. home with just over 3 acres. I don't think I should have to pay a dime to the schools seeing as how I have no kids. Ohio State Supreme court ruled the funding of our schools unconstitutional twice, but....it still goes on.
 
Normally they do NOT pay anything for the aditional taxes, the landloard just takes the hit and the renter has no idea how much the tax is even.
 
They should not be having to pay school tax either. Only the home the kids reside in. If thet person in town on just a yard and house would realize the total cost they would think taxes different. The town with a lot of bussiness pays for building the new school buildings to replace just as good or better school buildings. Now a bedroom town with no commercial property to pay that tax the home owner does it all. Taxes should be equal, not forsed on some so others do not have to pay them. The commercial property does not produce kids for the school system and neither does the farm land.
 
They do pay the tax in the rent, just that the landloard cannot raise the rent to cover it so it is like taking a cut in your paycheck to pay for something you do not want. It is just anouther cost to maintain that property you cannot recover. If that tax increase could be recovered in raised rent then the landowner would be making the same money on his investment but you try to raise rent you cannot do that and keep a renter even if rent prices are fixed by goverment the way they are at places.
 
Nursing homes are good taxpayers, no kids in school, no crime, no noise at night, no fights, workers get good pay and pay city income tax.
 
In Kentucky the farm land is assessed at ag value, the non ag land (residence and parcels less than 10 acres) at fair market. Roughly $1 per $1000. 1800 square foot house will get hit a shade over $1800 per year but 100 aces of crop land about $600 to $660 maybe less on an ag valuation of $66000 even though the fair cash may be $1.6M.
 
That dollar breaks down to 60 cents school, 10 cents fire protection, 4 cents each health and library, 1 cent extension service. 9 cents for the state and about 11 cents for the county. One county I farm in ag is exempt from occupational, net profits, and payroll taxes. The other its .75%. However the county without also taxes insurance premiums 3% and then the schools hit utility bills for about 3%.
 
Leroy- Please understand, taxes ARE covered in the renters rent. Paid for by the renter. If a Landlord does not have taxes covered in the rent payment then that landlord is a pizzpoor landlord and is losing money.

Just like fire insurance on the dwelling, liability insurance and all other costs associated on the unit. It is paid for by the tenents in their monthly rent. Not the Landlord.
 
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