2018 House property tax and utilities nearly the same -- any insight?

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doss
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2018 House property tax and utilities nearly the same -- any insight?

Post by doss » Sat Mar 09, 2019 11:32 am

Doing my taxes i see that we paid real estate/property tax on our house at $2346 and utilities was $2526. Is there any correlation between house/utilities? Do property taxes normally eclipse utility expenses?

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CAsage
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Re: 2018 House property tax and utilities nearly the same -- any insight?

Post by CAsage » Sat Mar 09, 2019 11:37 am

That is completely random and uncorrelated. Utilities to heat an uninsulated shack in Minnesota will far exceed any property tax of that shack. The opposite will be true of that little pied a terre in Beverly Hills, where the pool man may cost more than the utilities, and the taxes exceed my entire net worth. What conclusion would you otherwise draw?
Salvia Clevelandii "Winifred Gilman" my favorite. YMMV; not a professional advisor.

22twain
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Re: 2018 House property tax and utilities nearly the same -- any insight?

Post by 22twain » Sat Mar 09, 2019 11:42 am

Last year our utilities (water, sewer, electricity, gas, garbage pickup) cost about $4200. Our property tax bill was about $1100. (We actually paid less than that because of a senior-citizens discount.)
Help save endangered words! When you write "princiPLE", make sure you don't really mean "princiPAL"!

basspond
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Re: 2018 House property tax and utilities nearly the same -- any insight?

Post by basspond » Sat Mar 09, 2019 11:43 am

None whatsoever. Taxes depend on states that rely on property taxes vs income taxes also.

StandingRock
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Re: 2018 House property tax and utilities nearly the same -- any insight?

Post by StandingRock » Sat Mar 09, 2019 11:45 am

The square footage of the house affects heating/cooling expenses as well as the tax appraisal. It's kind of a stretch though to say there is a direct correlation because of all the other factors involved.

erictiger
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Re: 2018 House property tax and utilities nearly the same -- any insight?

Post by erictiger » Sat Mar 09, 2019 1:01 pm

We live in northern Illinois and paid 24000 property tax and approximately 5000 utilities last year.

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