2nd Trimester

Home cost post got me thinking

How must do you pay a year in property taxes?  We live on .18 of an acre and pay a little over 15,000.  I know - it makes me want to cry.
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Re: Home cost post got me thinking

  • LCB34LCB34 member

    We pay about $7,000 a year and we have no land at all.  Our house is about 2700 sq ft and we have a teeny tiny back yard (I'm talking like 20x10).  We live in the city though so we have more green space than most.

  • Ahh that's the one good thing about living within the city. Ours are only about 3200 and we're on the high end.
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  • We have a half acre and pay about $1800 a year.
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  • The highest was 6000 when our house was appraising for a decent amount this year I beleive its down in the 2000 range now thats its worth squat. 
  • $2500/yr for .25 of an acre.
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  • Wow after reading everyone's reply so far really made me glad to live in AL.  We only pay $300 a year and we have a 2400 sf house on a 1 acre lot.
  • We live in Wilmington, NC (east coast) have 1/2 acre and our property taxes are $2,000. Very fortunate!
  • $20,000 / year for a 4,600 sq ft house on an acre in MA.
  • Holy crap.  For my condo (before I sold it), we paid $2K per year.  The town of Ridgefield valued at about $200K or so.  For these taxes, we had an amazing small town sense of community, great schools (in fact, voted the 3rd best in the northeast), awesome activities, concerts in the town park in summer, etc.

    Your taxes depend on the mil rate in your particular town/municipality/county, as well as how the homes are assessed...usually, the assessment is 70% of the sale appraisal.

    Ick.  I would be PISSED for paying that much!  But you're in Long Island...

     

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  • The funny thing is, in CT, your tax mil rate depends on the city you're in.  And, obviously, how the city handles money is key.  There are two cities here, Waterbury and Bridgeport, that have filed for bankruptcy multiple times.  They have some of the highest mil rates in the northeast.  In Bridgeport, our 3-family was assessed at about $150K, and the taxes were almost $12K per year. 

    In cities like those here, the schools are horrible, the amount of low income and affordable housing and Section 8 housing is huge, as well as the percentage of the population that is living on some sort of public assistance. 

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  • I live in S. Jersey and we have about an acre lot and we pay $12,000 per year.  Most of my friends in PA pay like $2,000 a year.  On top of that, I have homeowner association fees.  I hear ya on the crying part.
  • imageSharon&Paul:
    $20,000 / year for a 4,600 sq ft house on an acre in MA.

    WOW! we're on the north shore (ok, almost in NH) and pay about $5,000 a year on 1/2 acre - I can't imagine paying that much! 

  • Ours are about $7500 a year and we have a 7,000 sqft lot.
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  • $450/yr. for .25 acre.  Again, seriously low COL area here in southern WV.
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  • We have, I'd guess, your "standard yard". and a 2000 sq ft home--pay about $1900/yr
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  • Wow. Crazy. I was the one who posted the home cost post and though our home prices here in Alberta, Canada seem to be a bit high, we only pay 2400/year for property taxes. And we have a huge, double, pie lot. Crazy! Your property taxes are as much as our mortgage payment each month!
  • Wow. Crazy. I was the one who posted the home cost post and though our home prices here in Alberta, Canada seem to be a bit high, we only pay 2400/year for property taxes. And we have a huge, double, pie lot. Crazy! Your property taxes monthly are as much as our mortgage payment each month!
  • Sorry- but that is why I refuse to move back to LI.  I grew up there and the taxes are insane.  I'm still in the city now and we pay about $5000 but we're looking at both NJ and Westchester.  Westchester is almost as bad as LI.  NJ seems a little better but not compared to other parts of the country.  We just live in a very expensive area for all taxes.  My DH wants to move back to Texas (where he's from) and sometimes I have a hard time justifying living here!
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  • We have 3 acres & pay around $400 per year.
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