What are your property taxes?

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Toons
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Re: What are others paying for property taxes around the US?

Post by Toons »

670.00 per annum
1400 sq ft home
Large lot.
:happy
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Re: What are others paying for property taxes around the US?

Post by sparksfly »

Western Suburbs of Chicago. $12,000 for 2,950 sqft built in 1996 :annoyed
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Re: What are others paying for property taxes around the US?

Post by pdavi21 »

1.16%
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J G Bankerton
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Re: What are others paying for property taxes around the US?

Post by J G Bankerton »

JackoC wrote: Thu Dec 06, 2018 5:33 pm We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building.
It is over a mile for the crow to fly from 20 W 34th Street to the Hudson River just to see Jersey.
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Re: What are others paying for property taxes around the US?

Post by Housedoc »

Alabama, 1402.00 on a 3200sq ft 5bed 4 1/2 bath.
Assessment of $338K. Selling around area for 400k.
Not in a city , just county helps.
Last edited by Housedoc on Thu Dec 06, 2018 5:56 pm, edited 1 time in total.
Thegame14
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Re: What are others paying for property taxes around the US?

Post by Thegame14 »

JackoC wrote: Thu Dec 06, 2018 5:33 pm
Thegame14 wrote: Thu Dec 06, 2018 5:09 pm
HEDGEFUNDIE wrote: Thu Dec 06, 2018 5:03 pm
Typ997S wrote: Thu Dec 06, 2018 4:34 pm $24K on 4100 ft2 in Northern California. Do I get a prize for being highest so far? I just paid my first installment of property tax, so I could use some cash...
Nope I win:

$22k for 1650 sqft house on 5600 sqft lot in Bay Area
yeah but what is the value of the house, if the house is 1.5M then it isn't that high, especially in states where taxes are capped at like 2% of price. in NJ my parents pay $16K on a $550K house on 1/3 acre land......It doesn't matter how much you pay, it is how much you pay VS value of the house. a 1.5M house in NJ would be like 40-50K in property taxes
Percent of value is one measure, but less directly relevant if you've lived someplace for a long time and don't want to move. We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building. The market has decided that's a much more valuable location than it thought in 1993 ($355k purchase). But in year to year budgeting it's just $21k when it was $10k in 1996, 3.4% pa growth (CPI 2.1% in that period). OK price appreciation has been much more than that but still, steep. Nor would it go down if the property value did, the city spends what it spends basically, though would feel more constraint at the margin if the property value party around here permanently ended. In the next town over prop values are much lower, but absolute prop taxes aren't *that* much lower. Across the street down the block from us a guy built a new actually big house on an old partially finished (for like 100 yrs) church building, prop tax=$64k. :shock:
Right so best way to look at it is you pay 1% of your house value in taxes and I pay 2.5% in the same state. How is that fair to me?? what you paid for it in the past is meaningless....
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Re: What are others paying for property taxes around the US?

Post by Grt2bOutdoors »

You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a commercial or industrial zone. In the end, you pay with a combination of money, time and/or aggravation (road congestion and constant construction) amongst the chief complaints.
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Atilla
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Re: What are others paying for property taxes around the US?

Post by Atilla »

Answers are worthless without stating assessed value vs. taxes paid.

$203,000 assessed value, $4,400 annual property taxes.
theplayer11
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Re: What are others paying for property taxes around the US?

Post by theplayer11 »

Grt2bOutdoors wrote: Thu Dec 06, 2018 5:58 pm You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a commercial or industrial zone. In the end, you pay with a combination of money, time and/or aggravation (road congestion and constant construction) amongst the chief complaints.
not $10k+ difference though..no thanks
pdavi21
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Re: What are others paying for property taxes around the US?

Post by pdavi21 »

theplayer11 wrote: Thu Dec 06, 2018 6:00 pm
Grt2bOutdoors wrote: Thu Dec 06, 2018 5:58 pm You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a commercial or industrial zone. In the end, you pay with a combination of money, time and/or aggravation (road congestion and constant construction) amongst the chief complaints.
not $10k+ difference though..no thanks
+1
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Re: What are others paying for property taxes around the US?

Post by Grt2bOutdoors »

J G Bankerton wrote: Thu Dec 06, 2018 5:52 pm
JackoC wrote: Thu Dec 06, 2018 5:33 pm We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building.
It is over a mile for the crow to fly from 20 W 34th Street to the Hudson River just to see Jersey.
He’s either in Hoboken, Weehawkin or Edgewater. My bet is Hoboken and that is about a 3.5 mile trip (2.5 miles of tough currents to traverse before climbing over the sea wall).
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Re: What are others paying for property taxes around the US?

Post by Dottie57 »

Assessed value 150k
Taxes 1.7k
990 sqft
Hennepin County, Minnesota
Last edited by Dottie57 on Thu Dec 06, 2018 8:25 pm, edited 1 time in total.
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dwickenh
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Re: What are others paying for property taxes around the US?

Post by dwickenh »

Toons wrote: Thu Dec 06, 2018 5:47 pm 670.00 per annum
1400 sq ft home
Large lot.
:happy
You gotta love Tennessee!!
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Re: What are others paying for property taxes around the US?

Post by Grt2bOutdoors »

theplayer11 wrote: Thu Dec 06, 2018 6:00 pm
Grt2bOutdoors wrote: Thu Dec 06, 2018 5:58 pm You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a commercial or industrial zone. In the end, you pay with a combination of money, time and/or aggravation (road congestion and constant construction) amongst the chief complaints.
not $10k+ difference though..no thanks
No? Move to Delaware, low taxes but the schools are not well funded and you have to drive everywhere. Move to South Jersey, low taxes, great beaches but the $ is in NYC, enjoy your 2 hour commute on the bus or NE Toast line. Move to Brooklyn - hip parts are super expensive and taxes are not as low as before, move further away to other parts of Brooklyn and the train line may be closed for repairs plus it’s super crowded, have a car? The BQE has been under construction for as long as I’ve been around - the traffic is beyond ridiculous.
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JackoC
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Re: What are others paying for property taxes around the US?

Post by JackoC »

J G Bankerton wrote: Thu Dec 06, 2018 5:52 pm
JackoC wrote: Thu Dec 06, 2018 5:33 pm We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building.
It is over a mile for the crow to fly from 20 W 34th Street to the Hudson River just to see Jersey.
Poetic license, 2.30 according to Google maps. :happy I do kayak in the river though sometimes from a few minutes walk from home, 3000' pierhead to pierhead. :happy
Broken Man 1999
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Re: What are others paying for property taxes around the US?

Post by Broken Man 1999 »

2800 sq/ft inland on Florida's west coast. Real brick two-story.

$1680.75.

Assessed value $125,530. Next door neighbor just sold for $350,000 w/pool. Our home worth $275,000 - $300,000, conservative estimate. No plans to sell.

We have property tax cap similar to Proposition 13 in California. We have resided here since 1989. Other next door neighbor resident for 5 years, taxes are $3,866.26. So the tax cap has shielded us rather nicely.

Broken Man 1999
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Re: What are others paying for property taxes around the US?

Post by adamthesmythe »

theplayer11 wrote: Thu Dec 06, 2018 6:00 pm
Grt2bOutdoors wrote: Thu Dec 06, 2018 5:58 pm You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a commercial or industrial zone. In the end, you pay with a combination of money, time and/or aggravation (road congestion and constant construction) amongst the chief complaints.
not $10k+ difference though..no thanks
No, it IS worth it, or at least it was to me.

In the northeast I paid near that amount to live within walking distance to work, grocery store, central library, etc.

The daily walk was good for my health, so saved me money there. No need for more than one car, and that one didn't need to be reliable. Little expense for gas, and no commute aggravation.

Now that I'm retired, I made a different choice...
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J G Bankerton
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Re: What are others paying for property taxes around the US?

Post by J G Bankerton »

JackoC wrote: Thu Dec 06, 2018 6:14 pm
J G Bankerton wrote: Thu Dec 06, 2018 5:52 pm
JackoC wrote: Thu Dec 06, 2018 5:33 pm We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building.
It is over a mile for the crow to fly from 20 W 34th Street to the Hudson River just to see Jersey.
Poetic license, 2.30 according to Google maps. :happy I do kayak in the river though sometimes from a few minutes walk from home, 3000' pierhead to pierhead. :happy
Back when I was a kid if one went in a River in Hudson County their skin would blister.
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Cycle
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Re: What are others paying for property taxes around the US?

Post by Cycle »

$4.6k for a $321k taxable value
1.43%

Up 11% from last year.

Minneapolis. Good bike infrastructure. Award winning park system. Spend a lot on education. No need for a car if u live and work in the city.
Last edited by Cycle on Thu Dec 06, 2018 6:28 pm, edited 2 times in total.
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JackoC
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Re: What are others paying for property taxes around the US?

Post by JackoC »

Thegame14 wrote: Thu Dec 06, 2018 5:56 pm
JackoC wrote: Thu Dec 06, 2018 5:33 pm
Percent of value is one measure, but less directly relevant if you've lived someplace for a long time and don't want to move. We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building. The market has decided that's a much more valuable location than it thought in 1993 ($355k purchase). But in year to year budgeting it's just $21k when it was $10k in 1996, 3.4% pa growth (CPI 2.1% in that period).
Right so best way to look at it is you pay 1% of your house value in taxes and I pay 2.5% in the same state. How is that fair to me?? what you paid for it in the past is meaningless....
What I paid in the past for prop tax is really not that meaningless, that's the increase in my cost of living. My property taxes have gone down because they used to be $10k on 355k but are now it's $21k on $2.1 mil? (keeping in mind one is a real price, one is Zillow but it's probably not that far off from what I've seen). The house's appreciation has contributed to an overall situation something I should not (and do not, completely seriously) complain about. But looking at property tax as % of market does not fully describe the situation in all aspects and in all cases IMO.
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Re: What are others paying for property taxes around the US?

Post by Thegame14 »

JackoC wrote: Thu Dec 06, 2018 6:27 pm
Thegame14 wrote: Thu Dec 06, 2018 5:56 pm
JackoC wrote: Thu Dec 06, 2018 5:33 pm
Percent of value is one measure, but less directly relevant if you've lived someplace for a long time and don't want to move. We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building. The market has decided that's a much more valuable location than it thought in 1993 ($355k purchase). But in year to year budgeting it's just $21k when it was $10k in 1996, 3.4% pa growth (CPI 2.1% in that period).
Right so best way to look at it is you pay 1% of your house value in taxes and I pay 2.5% in the same state. How is that fair to me?? what you paid for it in the past is meaningless....
What I paid in the past for prop tax is really not that meaningless, that's the increase in my cost of living. My property taxes have gone down because they used to be $10k on 355k but are now it's $21k on $2.1 mil? (keeping in mind one is a real price, one is Zillow but it's probably not that far off from what I've seen). The house's appreciation has contributed to an overall situation something I should not (and do not, completely seriously) complain about. But looking at property tax as % of market does not fully describe the situation in all aspects and in all cases IMO.
Right so if you were paying $10K on a house you paid 350K on you should now be paying $60K on a $2.1M house so you are getting a HUUUUUUUUUUGE bargain....
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Re: What are others paying for property taxes around the US?

Post by nativenewenglander »

Accessed value $177K taxes $4400 1650 sqft four acres 1800 sqft heated barn built in 1880 or so. Northern NH.
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Re: What are others paying for property taxes around the US?

Post by North »

Guess I’m lucky. $1600 per year on $550,000 house
Delaware - no wonder why we so many NJ people moving here.
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Re: What are others paying for property taxes around the US?

Post by basspond »

1.92% in Houston area, but no income tax.
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Re: What are others paying for property taxes around the US?

Post by montanagirl »

In MT, $2900 for 2400sf rather dated raised ranch worth 290k on a good day.

It's been coming out at 1% of fmv pretty consistently though I know it's not computed that way.
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Re: What are others paying for property taxes around the US?

Post by penumbra »

Coastal So Cal. 3000 sq ft, $6200. But that's because of Prop 13. If I sold it, buyer would pay about $35, 000/yr. I have a friend with ocean front home, 5500 sq ft: his taxes $85,163/yr. Not kidding. :oops:
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Re: What are others paying for property taxes around the US?

Post by ClevrChico »

$3k on a 2k sf house. Valuation of $160k. Iowa.
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Re: What are others paying for property taxes around the US?

Post by ETadvisor »

harrington wrote: Thu Dec 06, 2018 3:47 pm I live in WNY SFL and my taxes run about 7K 8k per year on a 2000 2100 sq. ft. home built in 2001.
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Re: What are others paying for property taxes around the US?

Post by bottlecap »

adamthesmythe wrote: Thu Dec 06, 2018 5:00 pm Conclusions

1. There's a big range in taxes, whether calculated based on value, size, or whatever.

2. You have to pay to play. Do you want good schools, good roads, short commute, nice environment? It's gonna cost you in house price and in taxes.

3. The options become much broader if you are not worried about schools or jobs.
1 and 3 are true at least.

JT
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Re: What are others paying for property taxes around the US?

Post by dewey »

$5000.00 a year for a 2050 sq. ft. one level built in 2014. Vancouver, WA
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Re: What are others paying for property taxes around the US?

Post by arf30 »

$9,000/year, 2 bedroom condo in NNJ (NYC suburb).
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Re: What are others paying for property taxes around the US?

Post by jucor »

dwickenh wrote: Thu Dec 06, 2018 6:05 pm
Toons wrote: Thu Dec 06, 2018 5:47 pm 670.00 per annum
1400 sq ft home
Large lot.
:happy
You gotta love Tennessee!!
If you want to live in the state ranked as the No. 8 least-educated state in the U.S. -- TN is also the 6th least healthy state -- both according to stories in the Tennessean Newspaper... Hmmmm.
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Re: What are others paying for property taxes around the US?

Post by nhdean »

$4000 on a 1400 square foot house that was built in 1908 in southern Maine
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Re: What are others paying for property taxes around the US?

Post by theplayer11 »

jucor wrote: Thu Dec 06, 2018 8:12 pm
dwickenh wrote: Thu Dec 06, 2018 6:05 pm
Toons wrote: Thu Dec 06, 2018 5:47 pm 670.00 per annum
1400 sq ft home
Large lot.
:happy
You gotta love Tennessee!!
If you want to live in the state ranked as the No. 8 least-educated state in the U.S. -- TN is also the 6th least healthy state -- both according to stories in the Tennessean Newspaper... Hmmmm.
that's not being nice
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GMCZ71
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Re: What are others paying for property taxes around the US?

Post by GMCZ71 »

Have 2 houses here in Oregon:
1052 sq ft built 1973
assessed $118,690
$2005 yr
should sell for $200k


2200 sq ft built 1993
assessed $300,224
$5142 yr
should sell for $360-400k
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Pluto9th
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Re: What are others paying for property taxes around the US?

Post by Pluto9th »

jucor wrote: Thu Dec 06, 2018 8:12 pm
dwickenh wrote: Thu Dec 06, 2018 6:05 pm
Toons wrote: Thu Dec 06, 2018 5:47 pm 670.00 per annum
1400 sq ft home
Large lot.
:happy
You gotta love Tennessee!!
If you want to live in the state ranked as the No. 8 least-educated state in the U.S. -- TN is also the 6th least healthy state -- both according to stories in the Tennessean Newspaper... Hmmmm.
Good for you, Toons.

TN’s got a full-sized replica of the Parthenon, which I long to visit.

As for education, well I’ve got about 20 more years of schooling than Abe Lincoln (from KY), and I can’t even make a PowerPoint half as good as his (https://norvig.com/Gettysburg/).

Property tax: about 1.6% of house value. Lousy school system.
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Re: What are others paying for property taxes around the US?

Post by dwickenh »

jucor wrote: Thu Dec 06, 2018 8:12 pm
dwickenh wrote: Thu Dec 06, 2018 6:05 pm
Toons wrote: Thu Dec 06, 2018 5:47 pm 670.00 per annum
1400 sq ft home
Large lot.
:happy
You gotta love Tennessee!!
If you want to live in the state ranked as the No. 8 least-educated state in the U.S. -- TN is also the 6th least healthy state -- both according to stories in the Tennessean Newspaper... Hmmmm.
Ah, too much money left over for the vices it seems.......

:sharebeer
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Re: What are your property taxes?

Post by LadyGeek »

I merged harrington's thread into the on-going discussion.
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michaeljc70
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Re: What are your property taxes?

Post by michaeljc70 »

A lot of responses, but not enough info to determine much. I think the current property value and property taxes (pre-exemptions) tells everything. What sq ft or what you paid 20 years ago is not very meaningful. A 2000 sq ft house in Arkansas compared to a 2000 sq ft house in LA is just not the same when it comes to property taxes.

I live in a city where 1000 sq ft place could cost 20k or 1000k.
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Re: What are others paying for property taxes around the US?

Post by JackoC »

Thegame14 wrote: Thu Dec 06, 2018 6:29 pm
JackoC wrote: Thu Dec 06, 2018 6:27 pm
Thegame14 wrote: Thu Dec 06, 2018 5:56 pm
JackoC wrote: Thu Dec 06, 2018 5:33 pm
Percent of value is one measure, but less directly relevant if you've lived someplace for a long time and don't want to move. We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building. The market has decided that's a much more valuable location than it thought in 1993 ($355k purchase). But in year to year budgeting it's just $21k when it was $10k in 1996, 3.4% pa growth (CPI 2.1% in that period).
Right so best way to look at it is you pay 1% of your house value in taxes and I pay 2.5% in the same state. How is that fair to me?? what you paid for it in the past is meaningless....
What I paid in the past for prop tax is really not that meaningless, that's the increase in my cost of living. My property taxes have gone down because they used to be $10k on 355k but are now it's $21k on $2.1 mil? (keeping in mind one is a real price, one is Zillow but it's probably not that far off from what I've seen). The house's appreciation has contributed to an overall situation something I should not (and do not, completely seriously) complain about. But looking at property tax as % of market does not fully describe the situation in all aspects and in all cases IMO.
Right so if you were paying $10K on a house you paid 350K on you should now be paying $60K on a $2.1M house so you are getting a HUUUUUUUUUUGE bargain....
Really don't see that logic. Why should my city increase its tax collections 6 fold just because property values have gone up 6 fold? They aren't providing 6 times as many services. Keep in mind we're not talking about my house going up that much relative to everyone else's in the city. It has increased probably more than average, but OTOH my prop tax increase is proportionally more than avg in my city. Fair enough, or anyway a different debate. But here we're talking the whole value of the properties in the city went up maybe 5 times on average. So the city should be collecting 5 time the revenue? There's no logic to that. As it is they're collecting 2+ times the revenue (from me at least) since 1996, and it's debatable it should have increased that much relative to service provided now and in 1996, and what the increase in cost of given services is or should be. Probably debatable either way. But there's no logic whereby prop tax revenue should just be increased in proportion to property value no matter rapid the increase in property value.

Or IOW back to % of market value is a useful metric, but since the idea it should be a constant either over time or between municipalities has no particular logic, it's not the only relevant measure.
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Re: What are your property taxes?

Post by Ratonawheel »

800 per year on 190000.
Fairhope, AL Decent schools and roads for now.
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Re: What are your property taxes?

Post by chipperd »

$10,750/year on a 3129 sq. ft. home. Market value about 380k. CT. Good schools; not much industry/business in a suburban to rural town
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Re: What are others paying for property taxes around the US?

Post by SQRT »

Atilla wrote: Thu Dec 06, 2018 5:59 pm Answers are worthless without stating assessed value vs. taxes paid.

$203,000 assessed value, $4,400 annual property taxes.
Actually, assessed value is often out of date and not comparable between jurisdictions. Taxes as a percentage of current market a better metric.
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Re: What are your property taxes?

Post by greenback »

chipperd wrote: Fri Dec 07, 2018 6:36 am $10,750/year on a 3129 sq. ft. home. Market value about 380k. CT. Good schools; not much industry/business in a suburban to rural town
$3,500/year on a 1024 sq. Market value about 120k. CT.

I find it very interesting that I am paying a third of your taxes for a home a third of the size and value. I wonder if there's a correlation and something bigger at play :confused
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Re: What are others paying for property taxes around the US?

Post by smitcat »

jucor wrote: Thu Dec 06, 2018 8:12 pm
dwickenh wrote: Thu Dec 06, 2018 6:05 pm
Toons wrote: Thu Dec 06, 2018 5:47 pm 670.00 per annum
1400 sq ft home
Large lot.
:happy
You gotta love Tennessee!!
If you want to live in the state ranked as the No. 8 least-educated state in the U.S. -- TN is also the 6th least healthy state -- both according to stories in the Tennessean Newspaper... Hmmmm.
FWIW - I find looking at property taxes and comparing areas to be worthless unless you also include all state and local income taxes and sales taxes. One without the other will not provide data sufficient to make any living costs determination.
sschoe2
Posts: 579
Joined: Fri Feb 24, 2017 4:42 pm

Re: What are your property taxes?

Post by sschoe2 »

Location: Chicago's western subburbs in DuPage County
House: purchased for $257k in Oct 2018
2017 taxes $4800
2018 they want to increase it to $5600 so I plan to appeal.

I hate the government here if I didn't have a real good almost irreplaceable job here I'd leave the state.
Glockenspiel
Posts: 1120
Joined: Thu Feb 08, 2018 1:20 pm

Re: What are your property taxes?

Post by Glockenspiel »

$4,514 this year. Market value is around $375k-$400k. 1/4 acre lot, 4 bedrooms, 4 bathrooms, 3000 sq feet in an average school district (for Minnesota). Built in 2010 for $290k in suburbs of the Twin Cities metro area.

Lots of people say Minnesota is such a highly taxed state, but I feel we get great value and quality of life for those tax dollars. And looking at other posts in this thread, our property taxes are quite reasonable.
FoolMeOnce
Posts: 1003
Joined: Mon Apr 24, 2017 11:16 am

Re: What are your property taxes?

Post by FoolMeOnce »

WageSlave wrote: Mon Jul 02, 2018 2:53 pm For a 3600 sq ft house bought for $945k in 2016, we pay $14k/year in property taxes. Western Chicago suburb.
rantk81 wrote: Mon Jul 02, 2018 7:56 am Chicago.
- Annual property tax bills (with home-owner-exception) seem to be approximately 2% of the fair market value of my home. (They play games with assessed value, assessment rate, etc. As a STEM graduate and an engineer, even I can't understand what the hell the property tax bills/statements mean and how they are calculated. The numbers seem to be arbitrary and not based on reality. (...) It's a racket.)
+1. I've now lived in the city of Chicago, western Chicago 'burbs, and also Central Illinois ("downstate" for those native to the Chicago area ;)), and the tax assessments have never made sense to me. I too have a technical background.

rantk81 wrote: Mon Jul 02, 2018 7:56 am If it weren't for my high paying career, I would be gone from this place like a fart in the wind.
+1, and also my family. My wife's family moved out of state, but mine remains. This thread has served to remind me that other states look increasingly attractive. And I hate to put my kids through another school move. And I've found out the hard way that the greater Chicago area is home to some top-notch medical facilities. But I do fear for Illinois. My hope is that the state can avoid implosion until my kids are finished with high school... that's 14 years of hope!
But $14k on a $945k house (probably more by now) isn't too bad! Just under 1.5% of FMV. In Chicago, we pay about $14k on a house that would probably sell for about $1.1 million. So more like 1.2% of FMV. It's crazy to read the previous posts about people paying the same taxes on houses worth half that in the suburbs. I wonder if those are Cook County or elsewhere. We purchased our prior condo for about $500k and sold for about $430k, and during those years we payed around $6,500-$7,000, so around 1.5% FMV or just below.

They system is screwy, though. Our house is assessed at about $725k. But rantk81 is right: they pick a number for the revenue they need for the year, and then apportion it based on relative assessed values. There are probably some other tweaks in there too, like the homeowner's exemption, etc.
SchruteB&B
Posts: 375
Joined: Mon Jul 02, 2018 7:48 am

Re: What are your property taxes?

Post by SchruteB&B »

2% of what the County alleges my home’s value is. (Based on....? Hard to say)

2.75% of what I believe the value is. (Based on comps from the last 3 years)

This is the problem. This, and my deep bitterness over how quickly the county jacked up assessments from 2003-2008 and how very very slow they have been to bring them back down even though every.single.comp from the last few years has been below prices from 20 years ago. :annoyed
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J G Bankerton
Posts: 2182
Joined: Thu Sep 14, 2017 3:30 pm

Re: What are your property taxes?

Post by J G Bankerton »

Ratonawheel wrote: Thu Dec 06, 2018 10:30 pm 800 per year on 190000.
Fairhope, AL Decent schools and roads for now.
I had to look and I'm :shock:


https://www.greatschools.org/search/sea ... 7&state=AL
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