Thanks good to know, so its an effective tax rate of around 2% of the property value. I thought there was a cap how much the tax could go up per year. So I guess the property tax hike just followed the increased assessed value.
HA! In Akron OH the sewer bills average $300/month! Yes, month! (got that info second hand, but from more than one person!)
Here primary homes are 2-3% of assessed value. Second properties are 5.5%. They sold that too Voters as we were going to get extra money from Rich out of staters on their second homes. I guess most of the tenants didn’t realize the landlord didn’t live in the property.. Rents are very high and extreme shortages. Property tax funds the schools
Went up to $3k this year. House is now assessed 3x twenty years ago. Just a small two bedroom house about 250 feet from the road. One acre. The next owner will likely tear this house down and put up a $550,000 house near the street. Like they did two houses down. That house sold for $435,000 14 months ago. $545,000 two weeks ago.
I briefly owned a 1968 (?) mobile home here in a trailer park. I think it was 12 or 14' x 60', and was on a rented trailer park lot. The property taxes were twice than here, 1550 sq ft home on 1 acre. Weird.
And I holler about ours which has now gone up to $1,000. We have around 42 or 43 acres, house and a couple barns. No sewer or water bills. Naturally the school tax is the biggest bite.
I have 1/3 of an acre and a house that is assessed at $126k. It's a small 1960, 2 bed, 1 bath. Although it was a regular home back then, it would be called a starter home is now. According to July's PT, I'll pay at least $3,600 (won't know until December how much the second 1/2 will go up). That might seem high, but if I were to go back to KS and be closer to family, I would be paying more in income tax - and that doesn't include the 6.8% sales tax that is added to everything you buy (even necessities like food and clothing).
New Hampshire only has property tax, and I can understand that. Here, our tax rate on Everything is 6.625%. Buy a candy bar, thats what you pay, buy a car, that's what you pay. Go to a hotel room in NJ and and add another 3% on top of the 6,625%. Buy a set of tires for your car, you pay the regular tax and a $7 to $9 dollar disposal tax on every tire. The list goes on but you get the idea...
Well...since this popped back up...here's an update... Our county did their reassessment (2017-18). Most places went up, of course (ours went up like $300) but they had a plan devised to make money! Big money!...(in fact, the county hired multiple lawyers the same week that they announced the reassessment would start.) They overestimated property values by enough to double many peoples taxes! The hardest hit were owners that had multiple lots. The guy right behind me just bought the place a few years ago. The original property was a small raised ranch on 1.5-ish acres. But somewhere along the line the original owner bought another 1.5 ac off of his father's family farm. It's all one piece, but the tax map shows it as 2 parcels. Bam! That second piece is now considered a separate building lot instead of just acreage. His taxes went up 100%...doubled overnight... There was NO fighting the county!... you could schedule a meeting in front of the board, but any dispute in value was just dismissed with no explanation.
There is a prepared meal tax as well. And disposal fees for tires and oil changes as well. And when you register your car the fee goes by the book value. My explorer was 800$ to register last year.
Imagine a new homeowner does all the proper research to make sure they can afford a property and then has the rug pulled out from under them with a huge tax increase. Sounds like a nightmare .
Here in Connecticut I have a ~ 2,000 square foot Cape Cod style house on a postage stamp sized 1/3 acre lot. Property taxes are a little over $4200 per year for the house. Taxes on my 10 year old truck are about $400 a year. Even being in my relatively quiet neighborhood on the outskirts of town, the houses are practically on top of each other. In this current CT market I could spend a quarter of a million dollars to move to a 700 square foot shack on one acre of land in the woods and pay even more taxes. Why I stick around this Godforsaken state I haven't a clue.
Is that like some kind of Excise tax based on the truck's value? In MA the rate starts out really high when the car is new but drops down.
Yes they go by the Kelly Blue Book value. I threw them for a loop a couple years back when I converted an old dirt bike for on-road use. They did some kind of rain dance with a shaman, pulled a number out of the ether and charged me $50 if I remember correctly.
