would you pay $20k+ a year on property taxes?
 

wow, i know some of you fellas roll in some nice cash, but someone told me today that they pay $22k a year just in property taxes on their home in NY. the house is valued at around 800k and is in a decent neighborhood.

i dont think i could see myself dropping almost 2k a month just on taxes alone. are taxes this bad in some other states as well?

my prop taxes in s.f. would make you sick to your stomach - 5 fig's per year as well

Wait until you're married and the wife forces you to buy a home :(

That is kind of deep for property tax, it is around 11k a year here.

Hell NO!!!

I refuse to finance anything that I can not pay on a mac donalds salary!

taxes here in alabama on property are great, i have 80 acres in an unincorporated county..

Sounds right for property in N.Y. California and Arizona probably about the same.

Taxes in the North East are so high because the costs of services are higher. Teachers make 100K per year, police, fire and other civil servants can make 80K on average.

Then you add in the other things like union road workers etc. and there you have the reason why you pay out the ass for property takes :)

yooooooooo, how have you been bro.

san fran must be sick, i've heard stories about taxes over there :(

:1orglaugh :1orglaugh

i'm the one that actually wants to buy a house fast, she just wants to live in the apartment :helpme

Property taxes SUCK and NY's is insane at that rate ... sounds slightly off for an 800k house.

... and the bottom line is the more YOU MAKE ... the MORE UNCLE SAM TAKES!

This tax, that tax and the other tax!

Sad to say because it really does suck, but - at least interest and property tax is deductible!

:)

its the same shit in Los Angeles.

CA is based on how much you pay for the home. 1 or 1.5% . . . that would be a very expensive home.

I know a guy who pays over 20k/year in automotive insurance. Insurance!!
WG

That does sound a bit high for an 800k house ....taxes for an 800k house by me on a half acre is about 12k ... but I'm a bit further out east then Izzz is talking about ... nice hood tho ..

Dude, in NY any shit hole is worth half a mil easy
I have 03848234 million dollar houses on my block, and they're all fucking old

only on Even years

No doubt I pay $13k/year for car insurance

-Tony

CA actually has below average RE taxes compared to the rest of the country. The taxes are set at 1.0% of the price you paid, with annual maximum increases of 2.0%. (there can be some direct assessments added on top but those usually aren't too much).

Hence, the $800K house mentioned above can't have higher base than $8000 per year...with maybe a couple of hundred extra for direct assessments.

I pay well over $50k a year in property taxes. It sucks.

note: the beauty/flaw of Prop 13 is that two identical houses can have wildly varying taxes based on when they sold. If I bought my house in 1980 for $200K, my taxes are prob $3000 per year while if my neighbor just bought an identical house for $800K, he'll pay the $8K+...this is why we are in such financial pain here in CA - RE taxes aren't logical and honestly too low.

I actually was just looking this up 1 hour ago
saw that $1mil house where I live
$7-10k a year in property taxes

$200k starting homes is around 1500/yr in taxes

hell no i wouldnt pay 2k a month in taxes

That is just sickening, what the hell does he drive?

i don't even make $20k a year, well maybe this year i did if i include web profits.

That is about right in the area of NJ that I live in. I am paying 24k plus in taxes. Craziness. NJ is even thinking of not allowing me to deduct them on my NJ tax return now. Taxes are becoming out of control everywhere. But that is the world we live in I guess.

-Hank

for me almost 12k a year

The tax millage rate where I live is 24.85. That's $24.85 per 1000 dollars what your home's value. That can be alot if you recently purchased or if you're not homesteading it.

Also when homesteaded they can only increase your tax 3% a year.

fucking taxes suck period. You get taxed on so much shit. My company makes money, I pay taxes. The company cuts me a check, I pay taxes. I got buy food with that money, I get taxed. FUCK TAXES heh.

Sorry, just a vent after paying my stupid ass social security and unemployment taxes today.

fuck all taxes!!!!! :(
20k is insane.

i only pay about 2k a year, im very happy with that

I pay about 9k for my house in LA, and I'm buying another house in Spanish Trail section of Las Vegas for 1.125m which will probably put me over the 20k mark since I'm keeping both houses.

If you wanna play, you gotta pay ;)

20k is crazy but ya can't complain too much. Now, the maintenance on most of these damn condos is out of control! You are talking about double the taxes!

That does suck but getting a house is the best thing that you can do maybe she will settle for an alternative ever think about getting a condo? Paying rent does you no good at least with a house or condo you are building equity.

Then if you hire some employees you have L&I, Unemployment and SSN taxes you pay for the employee not counting any health insurance. That's right employers pay most of the unemployment taxes in most states !

all this time i thought you were single

43 acres ... property tax = $325 a year and that includes the local school tax ... Nice to live in the boonies.

This is why I also don't mind running when the fire alarm sounds off either.

buy a new house.. 7 years no tax on new houses in new york city.. or pay the property taxes.. you are still writing them off at the end of the year even if its 20k.. :2 cents: