Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: IroNat on September 24, 2023, 04:55:48 AM
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Plus other factoids.
https://www.cnbc.com/2023/09/23/us-states-where-homeowners-pay-the-most-in-property-taxes.html
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Government blurs the issue on purpose. You pay city taxes, county taxes, state taxes, federal taxes. Every time you buy something you pay a sales tax. Many places add in additional taxes on top of the sales tax (hotel tax, airport tax etc) If you sell a stock you pay a capital gains tax. Most of that money gets wasted by the government.
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Crazy that NH is higher than mass also that California is lower than all the others. Also why is ill not on low side? All weird stuff.
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I pay a lot, relatively speaking .. about $7k. I don’t mind, my township is beautiful and has a lot of amenities. Great schools, lots of parks, lots of public works. Municipal services are very active and responsive to my requests. Funds for that have to come from somewhere.
All the states with the lowest property taxes sound like undesirable shitholes, I don’t think it’s a coincidence. Well maybe not SC, I’ve never been.
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I pay just under $12k.
Yes, states with the lowest taxes are the worst.
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I wish mine were close to the median 6K... Closer to 12K...
New Hampshire $6,036.
I paid my house off over a decade ago (and same for cars and college) so I live very easily, but yeah, the taxes are brutal here.
#3 in taxes and no. 2 or 3 in safety and crime (lack of) each year. Ill take it. (Least diverse)...
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I wish mine were close to the median 6K... Closer to 12K...
New Hampshire $6,036.
I paid my house off over a decade ago (and same for cars and college) so I live very easily, but yeah, the taxes are brutal here.
#3 in taxes and no. 2 or 3 in safety and crime (lack of) each year. Ill take it. (Least diverse)...
That’s crazy. I always thought nh was the best state for taxes.
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One of the rare examples of California doing a good job.
Prop 13 saved the day.
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Government blurs the issue on purpose. You pay city taxes, county taxes, state taxes, federal taxes. Every time you buy something you pay a sales tax. Many places add in additional taxes on top of the sales tax (hotel tax, airport tax etc) If you sell a stock you pay a capital gains tax. Most of that money gets wasted by the government.
For every dollar you pay in taxes the government spends 3
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That’s crazy. I always thought nh was the best state for taxes.
There's no sales tax on anything, but property taxes are insane, that's how they get ya...
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One of the rare examples of California doing a good job.
Prop 13 saved the day.
There was talk that Newsom wanted to repeal that some time ago. I wonder if that will eventually happen. My mom was able to take advantage of that when she finally sold her house 6 years ago to move closer to us. I’m paying just over $28k
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There was talk that Newsom wanted to repeal that some time ago. I wonder if that will eventually happen. My mom was able to take advantage of that when she finally sold her house 6 years ago to move closer to us. I’m paying just over $28k
Your wife must be rich, Coach.
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Those taxes are ridiculous.
Weirdly the UK equivalent (council tax) is typically cheaper in more affluent boroughs. When I lived on the edge of one Londons richest Borough I paid like £1200 a year!
People living in 10 room £20million mansions in that borough aren't pay more than £3k a year
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Those taxes are ridiculous.
Weirdly the UK equivalent (council tax) is typically cheaper in more affluent boroughs. When I lived on the edge of one Londons richest Borough I paid like £1200 a year!
People living in 10 room £20million mansions in that borough aren't pay more than £3k a year
Aircraft carriers, nuclear subs and F-35s are expensive
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i live in ny... brutal here
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Your wife must be rich, Coach.
lol…no
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I pay close to 9K. It goes up every couple of years. At least at 65 in NJ you can freeze your house taxes.
Towns pay assessment companies to tell them what the house is now worth and what the taxes should be. I forgot years back my town sent me a letter saying a guy would be in the neighborhood doing assessments and if I don't cooperate I would be assessed at the highest level. Completely forgot. A young black guy knocks on my door and says he wants to come in to assess the house. Can't pull one over on me and I said you're not getting in here. I called the town and they affirmed it was the company they hired to assess the house. I ran down the block and begged him to come back. He looked only in my basement and said he just wanted to make sure it wasn't a finished basement adding square footage to the house.
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Our homeowners insurance is also insane.
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Our homeowners insurance is also insane.
What's insane? I pay $1100 a year.
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What's insane? I pay $1100 a year.
I pay 14k in Louisiana.
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I pay 14k in Louisiana.
For insurance?
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I pay 14k in Louisiana.
https://www.nbcnews.com/news/us-news/louisiana-homeowners-insurance-crisis-hurricanes-rcna46746
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For insurance?
Yes. It went up about 30 % from last year.
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Yes. It went up about 30 % from last year.
Damn! This cannot continue.
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There was talk that Newsom wanted to repeal that some time ago. I wonder if that will eventually happen. My mom was able to take advantage of that when she finally sold her house 6 years ago to move closer to us. I’m paying just over $28k
28k holy crap.
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Damn! This cannot continue.
It will continue to the point insurance companies no longer cover residents of states like Louisiana or Florida. Live there at your own risk.
28k holy crap.
It’s a shitload but these raw numbers mean little without knowing the price of the associated property. I paid $230k for my modest house, so I’m at about 3% with $7k per annum
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Yeah on the beach the insurance is expensive as are the property taxes. Once you factor in inflation many old people wind up paying more in insurance and taxes than their original mortgage payments. Pay off your house but your housing cost still keep going up.
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Yeah on the beach the insurance is expensive as are the property taxes. Once you factor in inflation many old people wind up paying more in insurance and taxes than their original mortgage payments. Pay off your house but your housing cost still keep going up.
Truth.
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One of the rare examples of California doing a good job.
Prop 13 saved the day.
Amazing you remembered, given 99.99% of beneficial props here FAIL!
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Yeah on the beach the insurance is expensive as are the property taxes. Once you factor in inflation many old people wind up paying more in insurance and taxes than their original mortgage payments. Pay off your house but your housing cost still keep going up.
That's ridiculous! No wonder you had to go back to work
You Americans are really getting fucked in the ass as home owners.
My home insurance (property and content) is just over £200. That's not per month, that's per year!
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Yes. It went up about 30 % from last year.
You mean 1400 in insurance or 14k in taxes?
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You mean 1400 in insurance or 14k in taxes?
14,000 for home owners insurance. Some people are selling their homes and just moving to apts much cheaper.
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14,000 for home owners insurance. Some people are selling their homes and just moving to apts much cheaper.
I'd move to a 5th wheel.
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14,000 for home owners insurance. Some people are selling their homes and just moving to apts much cheaper.
At that point just self-insure.
Lenders require homeowners insurance though so to get a mortgage you'd have to have it.
What can they do if you let it lapse? They do not want to take the house back.
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14,000 for home owners insurance. Some people are selling their homes and just moving to apts much cheaper.
Are you in a flood zone?
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That's ridiculous! No wonder you had to go back to work
You Americans are really getting fucked in the ass as home owners.
My home insurance (property and content) is just over £200. That's not per month, that's per year!
This may explain why you're paying less:
https://theportablewife.com/living-abroad/moving-to-london/british-vs-american-houses-differences/
I watch "Escape to the Country" and other UK housing shows (no homo) and I'm amazed at how primitive the houses in the UK are.
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Are you in a flood zone?
No. I pay about 2,700 for flood insurance. I built my home 27 years ago. Never flooded. I didn;t even flood with Katrina. The flood almost tripled in one year. Last year it was about 850. Some people are paying 15-20k for flood because they have on levee protection. I do. My mother dropped her flood and homeowners insurance because she can not afford it anymore.
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No. I pay about 2,700 for flood insurance. I built my home 27 years ago. Never flooded. I didn;t even flood with Katrina. The flood almost tripled in one year. Last year it was about 850. Some people are paying 15-20k for flood because they have on levee protection. I do. My mother dropped her flood and homeowners insurance because she can not afford it anymore.
I'm sure you must have called different companies and tried different settings with deductibles etc? Geico won't do my area, but I found a decent policy through Safeco. Mine is about 4k/yr and has a 7.5k deductible. They do a different 7.5k deductible for wind/hail so I assume for a hurricane it would total 15k.
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That's ridiculous! No wonder you had to go back to work
You Americans are really getting fucked in the ass as home owners.
My home insurance (property and content) is just over £200. That's not per month, that's per year!
In Houston, Texas for a $400k house i paid $14k a year just in property taxes.
In New Mexico i own 4 homes worth over $900k total and i pay $1700 a year in property taxes.
The area i live in has the best schools in the state and better everything compared to Houston. It's not even close.
Taxes do not always equal amenities.
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In Houston, Texas for a $400k house i paid $14k a year just in property taxes.
In New Mexico i own 4 homes worth over $900k total and i pay $1700 a year in property taxes.
The area i live in has the best schools in the state and better everything compared to Houston. It's not even close.
Taxes do not always equal amenities.
Four homes? Are you a landlord?
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In Houston, Texas for a $400k house i paid $14k a year just in property taxes.
In New Mexico i own 4 homes worth over $900k total and i pay $1700 a year in property taxes.
The area i live in has the best schools in the state and better everything compared to Houston. It's not even close.
Taxes do not always equal amenities.
Wow, r/e taxes are high in Texas or is that particular to Houston?
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Economists always talk about property and land taxes being far more efficient than stamp duty both from a revenue consistency and mobility/market distortion perspective, and they are on balance right...but from a humble homeowners point of view at least with stamp duty it's a known (and often hefty admittedly) one and done upfront cost
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This may explain why you're paying less:
https://theportablewife.com/living-abroad/moving-to-london/british-vs-american-houses-differences/
I watch "Escape to the Country" and other UK housing shows (no homo) and I'm amazed at how primitive the houses in the UK are.
If you're buying in the UK where space is a luxury you're better off buying based on footprint and structural integrity. If it's been modernized (no longer primitive) then you'll be paying a premium for that. Better off putting your budget towards a better footprint and modernizing it yourself and to your own taste later.
Also part of the reason why reason why insurance is so cheap is because you only need to insure against rebuild cost not the property value. You can insure a £1M home for as little as £250 a year because the rebuild cost is only a fraction of the actual property value.
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In Houston, Texas for a $400k house i paid $14k a year just in property taxes.
In New Mexico i own 4 homes worth over $900k total and i pay $1700 a year in property taxes.
The area i live in has the best schools in the state and better everything compared to Houston. It's not even close.
Taxes do not always equal amenities.
The most affluent boroughs have lower social care/unemployment spend here so property (council) taxes tend to be lower as the taxes help fund some of those services here. Might it be the same anywhere over in the US?
One place I own it's £1600 per year and directly across the road like 30ft from it its £900 for the same size property. They just both happen to be on the boundary of 2 different boroughs. One "poor" (higher tax) and one "rich"
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Four homes? Are you a landlord?
Sort of, they are investments.
I used to flip houses back before it was cool and held on to the ones that would have the best returns.
Just rent them out and have a friend manage them for easy money.
Once they hit a certain value i will sell them.
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Wow, r/e taxes are high in Texas or is that particular to Houston?
Inside the City of Houston limits is crazy expensive.
Most of rural Texas is pretty cheap.
Which is why Houston is growing outward at a record pace.
People would rather commute and live in an affordable house than live in town and pay more in property taxes.
My parents have a $500k house 45 minutes outside Houston that is paid off, their yearly tax bill including school taxes is around $5000 a year.
That same house in the City limits would be around $18k a year just in property taxes.
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Sort of, they are investments.
I used to flip houses back before it was cool and held on to the ones that would have the best returns.
Just rent them out and have a friend manage them for easy money.
Once they hit a certain value i will sell them.
Good investment.