Real estate General topic

[ultrarunner]

Yeiks…. That makes my measly $1300 per year tax burden seam ok.

Could be why more leaving WA for Idaho…

Thurston County property tax nearly quadrupole in 20 years where California “Only” doubled…

 

[ultrarunner]

It's not uncommon around here for the tax and insurance escrows to be more then the mortgage payment. And that is completely screwed up and over taxed.
I get a $50,000 deduct on my property tax for being a Vietnam vet, but it doesn't apply to any other taxes. It takes a bit over $500 per month to cover my homes taxes.

Almost 2k now a month in WA state to cover taxes…

 

[riptides]

one of the reasons I moved from NJ, property tax increases $1000/year for many years.
Started at $10,000, when I left 9 years ago was up to $17,000.
The only reason it didn't go up more is I successfully fought my taxes twice.
Then they changed the rules and made it almost impossible to fight.

We moved 15 minutes away from our original property, crossing county
lines just because of the ridiculous tax assessments. Now, we are "squeezed" by neighboring counties and their changes to zoning and taxes. Puts a lot of pressure on our current county to hold the line.

 

[tradosaurus]

Property taxes should be outlawed once the house is paid or the owner(s) turn 60.

 

[LouNY]

Almost 2k now a month in WA state to cover taxes…

Pure ridiculous, My nephews school tax alone on the main farm is over $20,000 this year

 

[kenmbz]

as one infamous NJ politician said (before getting reelected ).

"We don't have a spending problem, we have a revenue problem"

Can't fix corrupt and spend politicians by reelecting them I guess.

 

[thclimer]

Pure ridiculous, My nephews school tax alone on the main farm is over $20,000 this year

Wow, that takes a cut out of the profit!

 

[paulsharvey]

Property taxes should be outlawed once the house is paid or the owner(s) turn 60.

Not to be political at all; but last year, or maybe the voting cycle before; there were several proposed amendments, adding a $50k additional deduction for first responders, teachers, and vets. Im not gonna lie, I voted against them. Someone is going to pay, and I dont want to pay more to make up for them. You are free to disagree or not, but I vote (as we all should) for MYwallet, not others.

 

[ultrarunner]

Pure ridiculous, My nephews school tax alone on the main farm is over $20,000 this year

The bulk of my WA tax is also school related…

At the time of purchase property tax in WA was regulated by voter approved I-747 which limited increases.

I did my due diligence based on the facts in play at that time.

I failed to considered a single judge could at a later date gut the in play voter approved and implemented property tax framework.

 

[paulsharvey]

Ours is basically two parts or three if in a city limits. Board of Couny commission can do upto 10 mils (1%), school board upto 10 mils; all based on appraised value, minus deductions (homestead, window, disabled, ect), and then flat fees, per property, like a small fire department fee, a trash collection fee, ect.

So, in theory, a property owner could easy be paying 3% of value per year, and if its a second/third, ect; it's not limited to 3.5% increase in appraised value per year; its market rate.

Nobody likes taxes, but I do understand the need. I just question some of the stuff; like completely rebuilding functional, but older schools. Repairs, updates, expansion, yes; but the building itself isn't really that related to the quality of education.

Edit: that value is rated on highest and best use; unless its ag exempt. So, if you have 80 acres, zoned intensive commercial, or dense res, the value per acre is higher, regardless of if it's a hunting woods.