Posted on 10/05/2018 7:31:10 AM PDT by SeekAndFind
Sky high here in West Texas!
We pay almost $6,000 a year on a 1,300 sf duplex in DuPage County. It’s ridiculous.
Very soon you can color us gone.
Good luck.
L
I pay almost 3 times that amount for a little over 2000 sq. ft. in Collin County.
Here, north of lib Austin, a half million gets you about 1200 sq ft. Our CA imports have never met a tax they didn’t love. Property tax has gone up 10% every year for the past 25 years.
In Palo Alto, it gets you a second front door.
Sky high in the Texas Hill Country. There’s no such thing as a $200k house. Taxes are ridiculous.
I keep an eye on our local assessor site and see they’ve mysteriously enlarged our house by 500+ sq ft.
How awful. Here in central Alabama we have 43 acres, 1500 sq. foot house, two professionally built barns, and a small covered arena. Our taxes are less than $1000 per year.
whoa...that’s obscene. I suppose it depends where in DuPage
I have an approx. 60 year old house - 1100 sf on approx .5 acre - with the senior citizen exemption - 4800 per year taxes in DuPage - in the older section of a town just north and west of North & Gary.
My son over 6k per year in the newer part of the same town,
My daughter is paying approx $5k for 700 sf in - cook county - apartment building to condo conversion.
No question that the graduated income tax will replace the fixed income tax.
We are so hosed...
Here, in the country north of Austin, TX, we pay about $1000 in property tax for every 100 sq ft.
You can buy whole neighborhoods in Detroit for 200k.
$10,000 for a 1,000 sq ft place???????????
4100 sq ft here in north OKC, cost - $240K. Property taxes $3500/yr. Wooded .75 acre lot. We totally remodeled it and it is a beautiful house. I laugh at my east and west coast coworkers that couldn’t buy a 600 sq ft apartment for $240K.
You can buy whole neighborhoods [of property tax bills, city-mandated repairs responsibilities, inability to evict non-rent-paying tenants, city fines, and more liabilities] in Detroit for 200k.
Or did you mean $1,000 per 1,000 sq ft?
RE: You can buy whole neighborhoods in Detroit for 200k.
Yes, but how much do you have to spend on bolts, locks and armored doors ? :)
Still paying $5000?
You didn’t move to the country for real. We’re paying $22 for 8 acres with electric and a cabin on it. When we get the real house built, that will go up to about $250.
Once we do that, we’ll move the cabin to the adjoining 7.5 acres that we just bought but that will stay at $20 for property taxes because it will stay off grid.
Yes, this is per year. In the Ozarks of MO right next to the Mark Twain National Forest. Four miles of gravel to get to bumpy asphalt and another four to get to smooth asphalt State Road. 24 miles total to get to nearest small town.
Here is North Florida $250,000 will purchase a 3,071 square foot brick home on 6.72 acres, with four bedrooms, two kitchens, three baths, a great room, and two wells.
In California, it all depends on when you bought your property. Property taxes are set at 1% of purchase price with a max 2% per year increase. If you bought your house for $250,000 in 1983, your taxes are very reasonable (they doubled from $2,500 per year to $5,000 per year in 35 years). BUT, if you buy the same house today for $2,500,000, you will pay $25,000 per year.
Of course, the big question is “Will the same house sell for $25 million in the year 2053 (35 years from now)?” If you believe another 10X is possible, then buying today makes sense.
I can personally attest that in 1983 when we bought our house there was no way on God’s green earth we anticipated what has happened in Silicon Valley. Anybody who proclaimed prices would go up 10X in 35 years was a kook.
North and Gary.... wow.
Army Trail and County Farm here. We should grab a beer sometime. JTs is nice. Good food, $3.00 PBRs...
LOL
PM me if you’re interested.
Best of luck to you.
L
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