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What is your real estate property tax rate?

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What is your real estate property tax rate?

Old 12-09-2011, 02:31 PM
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Originally Posted by gf View Post
I'm guessing Swampscott? I live in Lynnfield. I used to live in Swampscott, however. Got married at St. John's, still get my hair cut at Rosa Brothers - I'll be there tomorrow morning, in fact.
I hope Phil isn't still cutting. His hands had been getting shaky for a while now. Might be looking at Lynnfield although your taxes are a bit high too, but nothing like we have gotten to.

There are a few small seaside towns on the Northshore....Manchester, Magnolia, Marblehead, etc. What made you think of Swampscott? The tax rate? Ha!
Old 12-09-2011, 02:32 PM
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Originally Posted by Maxwell View Post
We're around $27 per $1000 in Milwaukee... Horrible public school system but they are nice enough to collect trash when they feel like it...
What is the average annual tax bill? I would hope you have lower assessments to balance out that $27/$1000! Ouch!
Old 12-09-2011, 02:34 PM
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Originally Posted by OldPete View Post
Talk in dollars. $ Per $1000 means nothing in most states.
What do you base your property taxes on? There must be some kind of assessment or FMV, but then how do they calculate it out from that?
Old 12-09-2011, 02:59 PM
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Local tax systems are not easily compared with other systems; especially when two different states are involved.

Some places tax based on cost of home when bought...and don't change that cost basis.
Some places use market value...but may go many years between valuations.
Some places use appraised, then use a fudge factor to reach an "assessed" value.
Some places use taxes for PD, FD, water, sewer, garbage. Some don't.

That's why Old Pete made his statement. It's easier if you say, "I'm paying $4300 in taxes on my home that's worth $250,000, and I pay extra for sewer and garbage service." We can all understand and relate to that kind of statement.
Old 12-09-2011, 03:03 PM
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Originally Posted by NorthShore44 View Post
What do you base your property taxes on? There must be some kind of assessment or FMV, but then how do they calculate it out from that?
The assessment on a property may be $400K yet the value may be $1.2M so the assessment is 33% of the FMV, yet the taxes are computed by the thousand of assessed value. Try doing a tax appeal in NJ... it's a melding of kangaroo court and a cluster f*ck all rolled into one. The best you can hope is that you have an informal meeting with the local assessor and he is willing to work with you. It is rare.

Some of the games that NJ attorneys are playing right now with the "no fee" tax appeals... what a scam that one is -- A starter home in NJ is an easy $9-$12K (that's $12,000 a year) - and there is no end in sight.

On the other hand, the way they do it where I'm at in Florida is terrific. You should know there is a problem when in NJ each muni has a tax collector and an assessor... in FL the county handles the whole thing.

Different worlds. If I bought the same house I had in NJ here in FL my taxes would be about 20% of what they were in NJ.
Old 12-09-2011, 03:04 PM
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Originally Posted by bamaboy473 View Post
Local tax systems are not easily compared with other systems; especially when two different states are involved.

Some places tax based on cost of home when bought...and don't change that cost basis.
Some places use market value...but may go many years between valuations.
Some places use appraised, then use a fudge factor to reach an "assessed" value.
Some places use taxes for PD, FD, water, sewer, garbage. Some don't.

That's why Old Pete made his statement. It's easier if you say, "I'm paying $4300 in taxes on my home that's worth $250,000, and I pay extra for sewer and garbage service." We can all understand and relate to that kind of statement.
Exactly. One property, the water and sewer bill is $1100 a year! (that's just the water/sewer!). (NJ)
Old 12-09-2011, 03:27 PM
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Guys, it is time to move. I can't believe some of the numbers I am reading! I hope the property values are low, because $27 per 1000 is almost confiscatory!

This is going to sound strange, but the rate in Hawaii is very low. First, you get a $300,000 homeowner's exemption. If you are under the $300,000 line, the tax is a flat $175.00. Over $300k, the rate is only $2.50 per $1000!

Let's see..... Good weather all year round, no line at the boat ramp, boat registration is $15 per year plus $55.00 for ramp fees that include mutiple wash stations, lots of parking and restrooms. No property tax on boats, no sales tax on used boats or cars (even though the sales tax is only 4.16%), NO boat theft, warm water, great diving and decent fishing.

Fuel is about 50 cents more per gallon, but ethanol free is sold many places and the fishing begins right off shore. There are no hundred mile runs to the canyons.

Life is good!

For those who say "impossible" or otherwise doubt, here's the Maui County site. Look under homeonwer: http://www.co.maui.hi.us/index.aspx?NID=755
Old 12-09-2011, 04:54 PM
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Modest house on an acre of land, including fire, rescue, dump/transfer station fees, taxes are $600. a year. Plus, really nice free ramp about a mile away. 2 or 3 miles by boat to the ocean, same distance to the Cape Lookout National Seashore (56 miles long), great fishing and very little government involvement.

Not on the water, but decent view....
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Old 12-09-2011, 05:06 PM
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Originally Posted by NorthShore44 View Post

What made you think of Swampscott?

Phil sold the place years ago, he still drops in from time to time. I've been going there since 1990.

Marblehead has about the lowest tax rate around, it has always been a well run town. Although prices tend to be higher in Marblehead than Swampscott, it can actually be cheaper to live in M'head because of the lower tax burden.

http://marblehead.patch.com/articles...ss-north-shore

Swampscott has had money problems for the 21 years that I have lived on the North Shore. It's one thing after another there. They had a big embezzlement case many years ago and then the recent high price tag of the new high school and the subsequent higher than anticipated operating costs have been a drain on the town.

I think taxes are reasonable in Lynnfield but we don't get much in the way of services either. Weekly trash pickup and top-rated schools are really the only things to show for it. It is a convenient location, however.
Old 12-10-2011, 07:13 AM
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Originally Posted by NorthShore44 View Post
What is the average annual tax bill? I would hope you have lower assessments to balance out that $27/$1000! Ouch!
We're around 14,200 annually. House was assessed roughly $50k less than market.
Old 12-10-2011, 07:58 AM
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$18. per 1000. We have essentially no town services except administration, (town dump and permits etc,), and road maintenance. 80% of the money is for the school. Average home tax bill is probably 7,500.
Old 12-10-2011, 08:00 AM
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Originally Posted by davedowneast View Post
Modest house on an acre of land, including fire, rescue, dump/transfer station fees, taxes are $600. a year. Plus, really nice free ramp about a mile away. 2 or 3 miles by boat to the ocean, same distance to the Cape Lookout National Seashore (56 miles long), great fishing and very little government involvement.

Not on the water, but decent view....
Very nice Dave - as you now, that would be 6000 + up here....
Old 12-10-2011, 08:21 AM
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$5.1 per $1000 no trash pickup but costs $20 to go to the dump every few months. Good services otherwise.
Old 12-10-2011, 08:50 AM
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11k / yr, house is worth about 600k. Great school, own cops and fire, awesome public works. Great park system. Monmouth county NJ.
Old 12-10-2011, 08:52 AM
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$ 20.00/ $ 1,000.00 value (FMV and Homestead Exemption), Prior to Homestead Exemption the rate was $44.00/ $ 1,000.00

No real services included, just operating budget, our Electricity is produced by the City CO-OP, no FPL available, monthly bill includes Electric, Water, Sewer and Trash Services and for my home averages $ 550.00 per month.

On top of the extraordinary school board fees I get the privelage to pay for private school. Our Master Planned community has a Charter School and we as residents pay for part of it through HOA fees but yet my son has to be selected by lottery to attend b/c the charter school is open to the whole city....what BS
Old 12-10-2011, 08:59 AM
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$14,000 / year all in on a house worth about 550k. Just seems wrong
Old 12-10-2011, 09:08 AM
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Originally Posted by tcontic View Post
$14,000 / year all in on a house worth about 550k. Just seems wrong
thats what I pay and we get no services, dirt road no internet no nothin!
Old 12-10-2011, 09:17 AM
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Originally Posted by tcontic View Post
$14,000 / year all in on a house worth about 550k. Just seems wrong
If you had a $550K house in my town, you'd be paying $15,000. Can't say it's too much unless you know what public services are included in the price. Our taxes include quite a few services.

FWIW, you may not control the tax rate, but you can challenge the assessment. I paid a professional appraiser $300 to give me a written appraisal with 3 comps. Took that to the Tax Tribunal, asked for a reduction in my assessment, which they granted. That reduced my taxes $600/year. I did the same thing 3 years in a row, successful all three times. My assessment is now about half as much as neighboring houses that have not bothered to protest. The way property is assessed around here is an annual percentage change that's the same for all houses in a given neighborhood. I'll benefit from my protests as long as I live in this house.
Old 12-10-2011, 09:41 AM
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Modest house in Fulton County, Georgia, (Buckhead), perhaps worth $750K = $12,500 per year.

The service I receive is when the cops arrest me for some stupid chit I've done.
Old 12-10-2011, 10:06 AM
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Originally Posted by Johnny Dreamer View Post
Modest house in Fulton County, Georgia, (Buckhead), perhaps worth $750K = $12,500 per year.

The service I receive is when the cops arrest me for some stupid chit I've done.
I am getting soaked for $18.5k on a $1m home in Buckhead. My wife and I are looking at houses in Vinings to reduce our tax bill and downsize. The middle school and high school sucks in Buckhead so we, along with all of our neighbors, sent our kids to private schools for the bargain cost of $18k per child per year. The positive side is the houses here haven't been decimated in the downturn and it's damn convenient living close to downtown. Did I mention the idiots that run Atlanta are worthless bags of sh#%.

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