Homeowners- What are your yearly real...

iVillage Member
Registered: 05-19-2004
Homeowners- What are your yearly real...
10
Tue, 05-03-2005 - 8:31am

Homeowners- What are your yearly real estate taxes? (school & property)



  • under $1000
  • $1000-$3000
  • $3000-$5000
  • $5000 or higher
  • don't have taxes in my state
  • I don't know?!


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iVillage Member
Registered: 05-19-2004
Tue, 05-03-2005 - 8:50am
I've been so stressed. My dh and I were unpleasantly surprised to find out how high our prop. and school taxes will be at our new home. $5700-$6000/year!!!!! Eventhough we aren't starting construction until next spring we wanted to get a good idea.
No one elses in that area that we talked to are that high! It is in a small rural farming community- We pay $1300 now in town. They are assessing the house at $160K, eventhough it costs $135K.
We will either have to build a smaller house to bring our mortgage down to recoup the taxes (although they will go down to about $4300/yr with a smaller house.) Or bite the bullet and go for the house we really want. Either way, there is a 2 year tax abatement on new homes- so we could save all that money for 2 years. I know I'd feel better with a smaller monthly payment.
It's worth it to us to move out there because I love that area (hate town), the land is free, and dh's mom is right up the field with an inground pool and can babysit.
Does anyone else think that's ridiculous or all taxes that high all over?
Just frustrated~ Nicki
iVillage Member
Registered: 06-16-2004
Tue, 05-03-2005 - 12:29pm

It won't be the taxes that are so much it is the school fees. I am not sure what your area calls them, here in CA they are reffered to as Mello Roo's. I personally would never move to a house where there was MelloRoo's. I don't believe that the government should be able to get double taxes out of anyone.

When we were looking to buy our home, we were deciding between 2. One had melloroo's and the total taxes for the year exceeded $7K. We bought the one w/o MR and we pay $4500 (which in my opinion is still a rip off!)

Nicola
EDD 6/3/05
It's a Boy!

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iVillage Member
Registered: 03-27-2003
Tue, 05-03-2005 - 12:47pm

I agree the govt shouldn't be able to get double taxes out of anyone. But, of course, they are--and triple, quadruple, and practically ad infinitum.

They tax you when you make money. They tax you when you spend money. They tax you when you save money and earn interest. Then they tax you again when you withdraw that money and/or spend it. They tax your employer for the privilege of hiring you, and they tax you for the privilege of working. They tax you when you pass money on to your heirs. The feds tax, the county taxes, the city taxes. If you own a business, you pay licensing fees, registration fees, additional taxes, self-employment taxes, etc. They charge you for the privilege of having a driver's license, and for the honor of getting to register your car. Around here you pay again for the yearly inspection that is required.

If you buy a house, you get taxed when you earn the money. You get taxed again when that money earns interest while it's waiting to purchase the house. Then they tax you when you buy the house. Then they tax you every year at least once just for the privilege of owning the property. If you have kids in school, you quickly learn that despite all the taxation, you still have to spend money on fund raisers, school supplies, and, in some jurisdictions, book rentals and activity fees.

One company, in an effort to make people aware of just how much they were spending in taxes, set up a payroll system in which employees collected their paycheck in total--before taxes were taken out. Then they were directed to a second window, where they were to write out a check for the amount of their taxes. The govt stepped in and told them they couldn't do this. I understand the point, but I think if people paid more attention to how much money they actually get to keep out of a given dollar, they might be even more upset at all the taxation.

And, on top of that, I am alarmed and angry at how indebted our country is. A large amount of that taxation just goes to pay interest. And we all know from our personal lives how interest payments and debt can eat up our futures. And yet, somehow, the powers that be haven't even begun to try to curb spending (despite campaign promises). The country is hemmorhaging money, and we're expected to pick up the tab--regardless of whether we can even pay our own bills. Do we have to hit rock bottom as a nation, or can we stem the flow of blood before it's too late?

Now you've got me going! LOL I'll get off my soap box now and try to cool down. My kids are ready for an afternoon outing anyway.

(Deep breath)

Heather

iVillage Member
Registered: 02-06-2005
Tue, 05-03-2005 - 5:12pm

Our property taxes in Nebraska are notoriously high compared to other states.

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iVillage Member
Registered: 04-27-2005
Tue, 05-03-2005 - 6:05pm

OMG i wish you so good luck.

Your TAXES are more than my MORTGAGE (<$6000/yr).

I live in the city limits, in the capital city (NC)

I pay $550 taxes. I am actually freaked out to find ppl are
paying more than me, cause I would like to move, cause the
taxes are too high.

That amount is UNBELIEVABLE.

The American people need a wake up call, i can tell ya.

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Wed, 05-04-2005 - 2:32am
Our taxes are a hair over $3K annually.

All my best,
Danni

Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Wed, 05-04-2005 - 9:46am

Our taxes are in the slightly over $5,000 range - just got my tax bill too!

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Wed, 05-04-2005 - 11:31am
Aww Geeze - Becky!

All my best,
Danni

Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Thu, 05-05-2005 - 5:58pm

So far I think I beat everyone else who posted - ours are $8800. $1800 for town & state, $7000 for school. Because of the growth in our town, we have had to make major additions to our high school, middle school, and at least one elementary school.

I am proud that we have a school budget that passes every year, and I'm proud of our school district for offering such a diversity of programs that are no additional cost to the students. Fundraisers are strictly for fun things and a few after-school programs.

BTW I don't live in a huge house, or a new one. The new 5BR houses being built and selling for $700-800K are taxed at $12-15K per year. And there is no shortage of people paying that!

Kelly

iVillage Member
Registered: 05-19-2004
Fri, 05-06-2005 - 9:39am
Thanks for all of your replies! We still are on the fence about this one, but we do have time to decide. I feel better that high taxes are almost everywhere~ but when I'm used to $1300/year now, it's hard to imagine jumping to $6000!
Becky ~ I too take full advantage of my local library since I really am paying for it. Our town just passed a needed tax to support it. It adds $20/year to each taxpayer, but I feel it was neccessary to prevent the library from closing. I love the library!!!! Nicki