If You Own Your Home

mrsj0423 · March 2013

If you don't mind sharing, where about do you live and what are your yearly taxes? MH and I currently own 2 houses (rentals) and are on the house hunt for a single family home. We live in upstate NY and I feel like the taxes are ridiculously high. The areas where we are looking to move average between $5000-8000 per year. That's anywhere's from $400-1000 a month just in taxes!! I know that the size and price of the home affect the taxes. Our house budget is $300k, less is better obviously, but that's about the going rate around here for a 2000+ sq ft, 3bd, 2ba with a little land in a very good school district. Are your taxes crazy like this where you live? Or is this about average?

mrsj0423 · March 2013

Okay, so it sounds like this might be about the average. There are some areas nearby that have pretty low taxes overall, but the school districts are not that great and don't have as many programs and the facilities are a little lacking. Definitely sucks!

SarainBuffalo · March 2013

I live in a suburb of Buffalo -in the top rated school district in the area - and pay about $4,400 year on my home, which is assessed at $152,000.

Good schools do not always equal higher taxes (and vice versa). I work in an law office that does tax assessment grievances so I am pretty aware of these things. Other school districts in our town have higher tax rates but lower ratings.

mrsj0423 · March 2013

SarainBuffalo:
I live in a suburb of Buffalo -in the top rated school district in the area - and pay about $4,400 year on my home, which is assessed at $152,000.
Good schools do not always equal higher taxes (and vice versa). I work in an law office that does tax assessment grievances so I am pretty aware of these things. Other school districts in our town have higher tax rates but lower ratings.

Yeah, this is true. One of the counties nearby has a ton of industry and so the taxes there tend to be a bit lower, but the schools there are among the top rated. So that's a good point, I just usually equate high taxes with better schools, but that is not always the case.

mrsj0423 · March 2013

kimmer1412:
This is crazy, I wont even tell you what I pay for a 4bed/2bath house in Florida because you might cry.

Now I need to know... Can I guess? $1500/yr?

reinedecajun · March 2013

Our house was $150,000 and we have 3 acres. Our taxes are around $1500 to $2000 year.

APendola · March 2013

I live in Calgary, Canada and we pay about $2,000 a year for a downtown townhouse. That is way lower than most cities in Canada but people complain more here, haha. I actually work in the office that takes all the complaints.

I think $5,000-$8,000 is pretty common though.

JustcallmeGG2 · March 2013

We live about an hour from NYC. we have a 3 bdrm / 3 bath house on only .1 of an acre. Taxes are around 8,000. Taxes in my area range from 6,00012,000.

apollonia10 · March 2013

I live in CA, so we paid way too much for our house but don't pay TOO much in taxes (around $6,000 a year). Thanks Prop 13! It's also why our state is going bankrupt, lol.

mrsj0423 · March 2013

So it would appear that, with the exception of Florida, we all pay a sh** ton of money in taxes.

megs52881 · March 2013

I'm moving. Our taxes are 11,000

BransonsBecca · March 2013

Our house was about 140k. Our taxes are around 700 a year. We're in southern Missouri.

ETA: Ours is a 4 bedroom 3 bath 2200 square feet. Sits on nearly an acre, out of the city limits. It's sometimes nice to live in the sticks. Sometimes....

lkamenko · March 2013

kimmer1412:
This is crazy, I wont even tell you what I pay for a 4bed/2bath house in Florida because you might cry.

This is me too. And the insurance(flood, wind, fire together) is double of the amount of taxes. Insane!

Pandril19 · March 2013

We pay about $4500 on a $180k house.

akbride25 · March 2013

I live in Alaska and pay around $1000 for a 4 bd, 2 ba home. We only pay borough taxes since we live outside of the city.

britbratjf · March 2013

I live in an Indianapolis suburb. Our home was a little under 150,000 and we have t gotten our taxes for this year but last year I think they were around 1200 for the year. Indiana has property taxes capped in our Constitution. Homeowners never pay more than 1 percent if assessed value, rentals 2 percent and businesses 3 percent.

There are some instances where your races can go above the cap [ie if the local school district holds a referendum and asks for more money] but I think of all the referendums held since 2008 they have like a 40 percent rate of passage so most people's taxes are held to the caps.

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