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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 12-10-2011, 10:36 AM
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Originally Posted by Tireless View Post
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#%.
It's ridiculous. I did get a reduction in my taxes this year though. They sent me a notice saying it was going up to $15K then about a few weeks later I got one saying it would be $11.5K for 2012.

Did you vote for what's her name who was going for mayor? She called me up and asked for my support but unfortunately I'm not an American Citizen so I can't vote. She was going to reduce our property taxes dramatically. Unfortunately the...errr...hmm...how can I put this...Southsiders? got motivated and kept their cash cow in place.

That run-off whereby all the "black vote" went automatically to Kasim Reed was bizarre.

I love America, I love living here, I love being fortunate enough to have been given the opportunity to succeed, but you don't half have to put up with some weird chit.

I heard the school down the road from me was pretty good? Just past the horse place? I don't have kids so I dunno what I'm talking about really.

BTW, looking out over Chastain Park as I write this.
Old 12-10-2011, 05:18 PM
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Central Virginia, rural area, no trash service, volunteer FD, no water or sewer. Good schools. $8.10/$1000. Eastern Virginia, deep water waterfront, no services, community well, two miles from the bay, $4.00/$1000. Both assessed at FMV.

Last edited by Buoy Scout; 12-11-2011 at 10:07 AM.
Old 12-10-2011, 05:45 PM
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Just over 1% on purchase price in CA. Cutting a $7K check twice a year isn't fun.
Old 12-10-2011, 05:58 PM
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$21.60 / $1000 ... but no income or sales tax ... crappy services
Old 12-10-2011, 06:58 PM
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Our 2700 square foot 25 year old 8 room colonial is taxed $ 6,200 per year. For that, we get a fair school system that doesn't even have a football team, almost no AP classes for the smart kids so they can't get into great colleges, trash pickup, and road maintenance.
Old 12-10-2011, 07:37 PM
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Originally Posted by Buoy Scout View Post
Central Virginia, rural area, no trash service, volunteer FD, no water or sewer. Good schools. $8.10/$1000. Eastern Virginia, deep water waterfront, no services, community well, two miles from the bay, $4.00/$1000. Annual tax bill about $2000.Both assessed at FMV.
Does your post suggest that you have two homes with a FMV of around $333000 together and you pay $2000/year for Both properties? Heck, I'm going to look at VA for my next home; that's a wonderful rate compared to what we have to live with.
Old 12-10-2011, 07:54 PM
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Originally Posted by bamaboy473 View Post
Does your post suggest that you have two homes with a FMV of around $333000 together and you pay $2000/year for Both properties? Heck, I'm going to look at VA for my next home; that's a wonderful rate compared to what we have to live with.
Rick, it would be even a little less here and $333K would get you a lot of house. I think the key is rural with no city taxes. Some of the Incorporated towns nearby have a higher tax rate than the county and the FRM is much higher, so they pay county and city taxes on a higher value for the same house. You really pay for location.
Old 12-11-2011, 06:04 AM
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Never looked at from a % of FMV or a % of Purchase Price.

I pay 2.1% of FMV per year and I pay 4%of Purchase Price

And I'm on the low end. But It's OK. The cops and teachers are getting 4% raises a year with full benefits for life. LOL. Keep the Unions Live BABY! Somebody has to stay behind and turn the lights off. LOL.
Old 12-11-2011, 06:55 AM
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19% here within the City of Pensacola. No State Income tax. Based on Assessed value which typically runs about 80% of market value. This "formula" complicates tax rates and can be very confusing.I only pay $700/year since I have been in my house for almost 20 years and qualify for Homestead exemption and fall under the "Save our Homes" programs. I have done extensive renovations and remodeling to my house over the years thus increasing it's value without getting hit with high taxes. This is why so many people renovate instead of relocating to a newer dwelling. If I sold, the new owner would be paying approx $2800 in taxes.
Old 12-11-2011, 10:10 AM
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Originally Posted by bamaboy473 View Post
Does your post suggest that you have two homes with a FMV of around $333000 together and you pay $2000/year for Both properties? Heck, I'm going to look at VA for my next home; that's a wonderful rate compared to what we have to live with.
No, the $2000 is for the waterfront home. The other house bill is closer to $4000/yr.
Old 12-11-2011, 07:42 PM
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Our county is at $0.810/$100 of ASSESSED VALUE for 2011 - $8.10/$1,000 for the "mathmatically challenged", like myself.

They are usually pretty consistent from year to year and this past January they came DOWN on most of the "assessed values" (yeah, the housing market!) for the FIRST time in probably 20 years or so - $20K in our case, on the townhouse we sold about 1-1/2mo. ago.

That includes police, fire, schools, and all other county government services (NOT trash P/U - that's "private" per the homeowner). We have a couple of county "dumps" - free to residents, but I think there is a charge for certain stuff from contractors or similar. Water/sewer fees are NOT included and are billed every 2 months.

GREAT county to live in, with EXCELLENT schools.

And when you go up to the county offices, it's ALWAYS like dealing with "family"!

I've lived in this county (Hanover) since 1987 and wouldn't trade it for ANY of the other counties in the metro Richmond area!

Regards,
Old 12-11-2011, 08:43 PM
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Home and the parcel it is on, falls under homestead exemption.

Acreage is all accessed as reforested or agriculture production-- $0

No parish services, no sewer, no water, no garbage service.

Schools, fire dept, library, paid for via 8.5% sales tax.
Old 12-12-2011, 06:25 AM
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approximately $13.60/1000 assessed value which approximates FMV, but seems a little "richer".
Old 12-12-2011, 08:16 AM
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$4,751.03 on $302,590 assessed value. (home)
$9,354.18 on $579,880 assessed value. (land)
$4,199.25 on $239,550 assessed value. (land)

This is for the county in which I live (Florida). I have some tax bills for properties in NY an NJ that are simply outrageous.
Old 12-12-2011, 01:20 PM
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$5.80 per $1000 of assessed value

Gloucester County, VA
Old 12-12-2011, 01:50 PM
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$5500 per year on assessed value of 220K in PA nine years ago. 2 acres out in the country with volunteer fire but a police force of 4 or 5 that they rent out to other townships. ??? No trash or anything. I do love it though.
Old 12-12-2011, 02:43 PM
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$1000 on a $150k home. Not sure of the rate against assesed.

no state income tax, about 8-9% sales tax around the state.
Old 12-12-2011, 07:22 PM
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Originally Posted by Blythe1022 View Post
In the Kingdom of Mecklenburg County in one of the more desirable locaitons in the Queen City our rates suck. Worse than the rates was the new apraisal of home values for this year. The tax collecter decided my house, no changes, is now worth 71% more than it was in 2004. I know others that got it worse than that if you can believe it. If the tax collector had a check for the amount they stated everyone's home was now worth, everyone I know would have taken the check and laughed all the way to the bank. Maybe that office hasn't gotten wind of the rumors going around about the housing market. It's unbelievable to think they are trying to justiy this.
You guys need to start a Proposition 13 act like we had in California many years ago. It caps annual increases. the property does go up to the currently value rate when it is sold. Stay in your house for 20 years and you will like your property tax rate. This assumes the house appreciates in value each year like it did in Cali except the last few years.

It prevents state, county and city governments from raising property taxes at will. It takes away their ability to print money at the homeowners expense.
Old 12-13-2011, 01:23 AM
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Originally Posted by Blythe1022 View Post
In the Kingdom of Mecklenburg County in one of the more desirable locaitons in the Queen City our rates suck. Worse than the rates was the new apraisal of home values for this year. The tax collecter decided my house, no changes, is now worth 71% more than it was in 2004. I know others that got it worse than that if you can believe it. If the tax collector had a check for the amount they stated everyone's home was now worth, everyone I know would have taken the check and laughed all the way to the bank. Maybe that office hasn't gotten wind of the rumors going around about the housing market. It's unbelievable to think they are trying to justiy this.
Shouldn't really matter much. In NC when reassessing, the county must, by law, change the mil rate to make the reassessment revenue neutral. Any desired increase in revenue then must be treated as a separate tax increase.

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