[novacation]

Arnold better put a cork in that one or he will lose. I pay $4,700 a year in property taxes on a house I bought last year. That is too much. Arnold needs to kill that comment quickly. No more taxes! If someone buys a $4,000,000 house now the taxes will be over $50,000 a year.If Buffet want so pay more he can. Liberel puke alert.

[Ronaldus Magnus Reagan]

In the Philadelphia, Pa. suburbs, you can assume that property taxes will be approx. 1.5% to 2% of the assessed value of the house PER YEAR. So, a $500,000 house will have about $8,000 in property taxes per year. Pa. state income tax rate is 3.1% (it's a flat tax rate). Compared to other states, that sounds like a pretty good deal.