Property Taxes

/ Property Taxes #21  
We live in Washington County, MD on 3 acres. Our house is 11 years old, around 1900 sq ft and a small shed. Our combined taxes are just under $1300 a year. I believe the market value is around $150K and assessed is somewhere around $120K.

Dang, you guys who live in the NE are getting hammered with taxes. /w3tcompact/icons/shocked.gif

Terry
 
/ Property Taxes #22  
My brother-in-law (and neighbor) was the previous owner of our property and used it as a rental. The original property was a house, 10 acres (9 are designated forest), and a pole barn. He paid approx $1600 for all of this. Part of the deal when we bought from him was he was going to divide off 5 acres and the pole barn and attach to his neighboring property leaving us with 5 acres and the house. Our first tax year with this configuration the county RAISED it additional $200. For less property they raised it!!! Took my issue to the county in a hearing armed with arial photos, photographs, plot maps, everything. They started the hearing without the county assessor because he was late. Basically, everyone there understood my point that I shouldn't be taxed more for having less. When the assessor showed up he wouldn't hear of it. Could not understand my logic that we shouldn't have to pay more for half the original acreage. When time came for them to vote, the other members somewhat reluctantly sided with him and I lost my appeal. I do not look at this as just losing $250, it $250 every year for ? because they never seem to go down.

On the designated forest lands we are taxed something like $25 year unless we log it. If we do log it, we need to replant within a year or it goes out of deferral.

Also, I think Oregon is one of the few remaining states that does not have a sales tax.

He who dies with the most toy's....wins!
 
/ Property Taxes #23  
If thoses wall could ownly talk..what history it could tell.

Thomas..NH /w3tcompact/icons/wink.gif
 
/ Property Taxes #24  
It isn't just the Northeast. The frozen wasteland, aka the midwest, has some of the highest taxes going.

The house I am contemplating building will have a market value of around $350k. Real estate taxes on it will run over $400 per month, the bulk of that going to the school system.
 
/ Property Taxes #25  
I don't know where you're sittin in Neuevo Hillareah, but up here along the shore of Lake Ontario we're getting total town wide reassessment about every 10 years. Last time mine jumped 3X the original value, and I had to fight like he11 to get it near to right. Even paid my own licensed appraiser who told me the only way it would sell was to bulldoze all the buildings and sell the land, if I was prepared to finance the deal, cause no bank will touch farms due to possible polution problems.
It's all due to the Cuomo administration borrowing more money than the total value of all assessments in the state. That's why NY bond rating has dropped too. Solution, inflate the value of assessments, and collect more taxes.
You wouldn't believe the crap I listened to in that hearing room. Heard one farmer told he couldn't have ag assessment cause he didn't have a farmer's ID #. There ain't no farmer ID #s, but they shammed him out the door. When they built the new sewer plant next to his farm in 67, the County bought the developement rights, so he can never use the land for anything but farming, so they assess his land as building lots.
Only thing lower than a politician is a child mollestor.
 
/ Property Taxes #26  
When they built the new sewer plant next to his farm in 67, the County bought the developement rights, so he can never use the land for anything but farming, so they assess his land as building lots.
Only thing lower than a politician is a child mollestor.

I'll agree 100% with that statement!!!


18-35034-TRACTO~1.GIF
 
/ Property Taxes #27  
Here in Central Texas, we have a couple of provisions in our tax laws which I find interesting: (1) Your taxes cannot increase more than 10% per year; and (2) When you reach the age of 65, you can file a petition and the school tax portion of your property taxes (by far the greater portion) will be frozen at that level FOR THE REST OF YOUR LIFE!!
 
/ Property Taxes #28  
My taxes are $4000 every six months for 3.6 acres.

I have 3 adjacent 1.2 acre lots. The two 'empty' lots tax bill is $390 each. The remaining lot is $3300 for the 1.2 acre lot and house.

Ed
 
/ Property Taxes #29  
All -

One of the considerations that we fail to mention and a reason that government gets away with this garbage is that we can write the taxes off against our income tax. Minimumly, Federal and as I can imagine against most state income taxes.

Now, Federal and state play around with the tax codes so you really don't get all that much back. It's dirty rotten shame. It always sounds so good when explained in the press conferences, but when you really get a chance to take a look at the actual tax code. Well, it feels like I just back from then proctologist!! /w3tcompact/icons/mad.gif

Terry
 
/ Property Taxes #30  
8 whole acres in mid-Michigan. 1400 sq ft house w/ 2 car attached garage, 2 detached garages (one is my shop) and a barn on the 7 acres at the back. Cell tower (and their 6 acres) betweem front and back of property.
Poor township with zilch in the way of services. Property was appraised at $180k before we bought ... had it revalued based on the $120k I paid for it. Taxes are about $2300 a year ... of which about 55% percent is earmarked for education. Well over double what I paid in Alberta with exactly the same amount of services (zero). What I really love is that, since I'm not yet a US citizen, I get to pay taxes but can't vote on what they do with my money ....

too bad that common sense ain't
 
/ Property Taxes #31  
$7,500 per year on a 2200 sq. ft. house in a distant suburb of Chicago. Plus $900 per year between my wife and me for tolls on roads that were paid for decades ago. :-(
 
/ Property Taxes #32  
Glenn -- I think your points 1 & 2 concern only the tax rate --- Bastrop county just doubled the valuation on some of my property and the in-laws too - no big change in rate but the amount owed sure jumped! If they don't gitcha comin'; they'll gitcha goin'.
mike
 
/ Property Taxes #33  
Mikim: I'm sure treading on thin ice when it comes to interpreting tax law, but I'll quote from a little pamphlet I picked up at the Assessor's Office. It's entitled Texas Property Taxes and it's issued by the Texas Property Tax Division Information Services. Page 4, column 2: "The appraised home value for a homeowner, who qualifies that homestead for exemptions in the preceding year and the current year, may not increase more than 10 percent per year since that home's last reappraisal as the owner's qualified homestead." Page 2, column 2: "Once you receive an over-65 homestead exemption, you get a tax ceiling for that home on your total school taxes. The school taxes on your home cannot increase as long as you own and live in that home. The tax ceiling is the amount you pay in the year that you qualify the over-65 homeowner exemption. The school taxes on your home may go below the ceiling, but the school taxes will not be more than the amount of your ceiling." We purchased our acreage from an elderly woman whose school taxes had been frozen for many years. During the past four years, our total taxes have increased 10% each year. I suspect that we might be saying the same thing and that my choice of words was not the best. Anyway, I turned 65 recently and this stuff is going to kick in. HURRAH FOR GEEZERHOOD!! I'M READY!!
 
/ Property Taxes #34  
OK there's the rub --- my property there is not my homestead right now as I don't live on it yet --- and the in-laws have more than their homestead too --- so to be protected by the 10% rule ya gotta live on it and put the homestead exemption on it. -- otherwise ya get nailed like I did. I fought a raised valuation 1 year --- what a joke! -- kangaroo court --
mike
 
/ Property Taxes #35  
Mikim: I'm sorry; I know how you feel. In retirement on a fixed-income, we appreciate restrictions which protect us somewhat from sudden and dramatic escalations of our taxes. Although I suppose it sounds rather naive (and at risk of being labeled a Polly-Anna), we feel that our taxes here in Texas are reasonable and we do want to do our part to support our communty and our government. We are learning that on a fixed income it's more difficult than we anticipated to adjust expenditures and lifestyle to accomodate significant changes in anything. We lived in Wisconsin for almost three decades and in Minnesota for a number of years previous to that and we were accustomed to our tax rates jumping around like crazy from year to year. I don't know if you're going to believe this and I don't have the papers to substantiate it anymore, but there was one infamous year while living on our lakeshore property in Western Wisconsin, when our total property taxes increased 24%! That's right, 24%! It wasn't a surprise, of course; we knew it was coming. Basically, the situation was the result of ultra-conservative taxpayers being able to reject proposals to improve school buildings, waste-treatment facilities, and other desperately-needed things until finally both the state and federal governments stepped in and said DO IT!! NOW!! I still remember the sinking feeling in my stomach when I opened the envelope and actually read the amount in the tax statement. Bad day at Black Rock.
 
/ Property Taxes #36  
As Thomas in NH. can attest to ,there is nothing like living in a college town to push up taxes. Here in Middlebury, Vt. assessed value- $225,400 . Municipal tax-$1,714.46. State schl tax-$2360.18. Local schl tax $2445.62. Grand total $7344.66 and that does not include water and sewer, rubbish pickup or recycling.
 
/ Property Taxes #37  
Glenn, even in Texas, things like that can happen. When we lived in town our school taxes jumped 25% one year so they could build the fanciest high school football stadium and natatorium in that part of the country! I guess since the football coach was the highest paid "teacher" on the staff, he really needed fancier facilities./w3tcompact/icons/frown.gif

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