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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, 10:40 AM
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Default What is your real estate property tax rate?

How much do you pay per $1,000? Or does your town/city use a different kind of rating? Do you feel it is fair? Are your town services good? Do you have a good school system?
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Old 12-09-2011, 11:10 AM
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In Cobb County, Georgia we pay no school board taxes if you are over 62 which knocks off about 66% of the tax bill.
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Old 12-09-2011, 11:15 AM
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Originally Posted by NorthShore44 View Post
How much do you pay per $1,000? Or does your town/city use a different kind of rating? Do you feel it is fair? Are your town services good? Do you have a good school system?
try 10.22 per don't have anyone in school, no water or sewer and no trash pickup........Fair? NFW!
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Old 12-09-2011, 11:20 AM
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Originally Posted by bigjimmie View Post
try 10.22 per don't have anyone in school, no water or sewer and no trash pickup........Fair? NFW!
sounds like NJ
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Old 12-09-2011, 11:43 AM
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Our property tax rate is $27.20/$1000 in resale value, but $9.00 of that is excused on your primary residence (where your kids go to school). You only pay $9/1000 school tax on a second home (where your kids don't go to school).

Our town has great services.
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Old 12-09-2011, 11:56 AM
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i pay so much in taxes ,it kills me .pay and pay more .im tax poor .so the rate dont matter to me cause it has to be paid anyhoot.
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Old 12-09-2011, 11:57 AM
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1.86%

Oops, forgot to mention: Great school system ad terrific city services including snow plowing, street maintenance and curbside branch chipping and leaf pickup. We have to pay $35/quarter for a private trash collection service (weekly).

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Old 12-09-2011, 12:03 PM
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29.53.

Town services aren't great, but luckily being in the outer district it is cheaper than the inner, with the mill rate of 31.43.
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Old 12-09-2011, 12:03 PM
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Old 12-09-2011, 12:04 PM
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Old 12-09-2011, 12:18 PM
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Originally Posted by NorthShore44 View Post
How much do you pay per $1,000?

Is that for assessed, appraised, or FMV? Around here they update appraised values every year based on sales information. For homeowners, the Assessed Value is 10% of Appraised Value (which is close to FMV).

Tax rate here is 3% of Assessed value. We also have a State income tax in addition to property taxes. Property taxes do not include basic services like water, sewer, garbage. There is no homestead exemption; everybody except handicapped people pays, and the rate is double for rental property.
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Old 12-09-2011, 12:19 PM
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$.85 per $1K. = .09%!

I do get homestead exemption on the first 75K.

I think the tax assessor lives in my neighborhood....
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Old 12-09-2011, 12:31 PM
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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.
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Old 12-09-2011, 12:45 PM
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Originally Posted by bamaboy473 View Post
Is that for assessed, appraised, or FMV? Around here they update appraised values every year based on sales information. For homeowners, the Assessed Value is 10% of Appraised Value (which is close to FMV).

Tax rate here is 3% of Assessed value.
In Ohio, assessed value = 30% of fair market value
In Michigan, assessed value = 50% of fair market value
In Alabama, assessed value = 10% of fair market value?

I have no idea why the states don't just tax fair market value instead of this assessment horsehockey.
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Old 12-09-2011, 01:19 PM
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Talk in dollars. $ Per $1000 means nothing in most states.
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Old 12-09-2011, 01:30 PM
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$13.49 per $1000 of assessed value.

In MA, assessed values are required to be at market value and tax rates are set annually. After decreasing in '06 & '07, our tax rate has increased 42% since then. However, due to lower assessed values, my actual tax bill has increased only 17% in that same timeframe.
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Old 12-09-2011, 01:45 PM
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Our town tax rate is jumping up by 18% next year to a rate of $17.99/$1000 of assessed value. Our assessed values made large jump several years ago and have climbed up a bit each year since. Not sure how that is with home values having plummetted.

Service-wise, each year they try to add in a new tax fee for trash or cut down on the amount of trash they can collect. It bounces back and forth each year. The roads in town are a mess from the last few years of winter beating them up. They are trying to fund a new police station. We built a new high school 2 years ago and can't afford the teachers or desks for it.

For that matter our school system is a mess and I pulled our daughter out this year to go to private. That puts enough of a hurting on my finances, nevermind the crazy taxes I am paying without my kid even going to school there. It is a pretty little seaside town, but I am thinking of moving further inland now. That would make my commute shorter and my daughters commute to school shorter. I would only travel to the boat on the weekends, so I am thinking of making the sacrifice of moving away from the water.

I can't stand the taxes I am paying now. Of the many towns in our area we were the 2nd highest. We will be the highest in a month. I don't understand the reasoning in this economy of killing us with taxes. I have looked at the town budget for year 2012 and they are expecting a 3% budget increase. Huh?!?! I work for a large company and for 2012 if you asked for a budget increase you would be shot. We have been running flat for the last couple of years and next will run a negative budget from this year. How do they get away with a 3% budget increase and then raise the property taxes 8%? Budget increase is a little over $2M for 2012, I roughly calculate the property tax increase should mean an extra 3.5-5M. Does anyone really know how our local governments are spending our money, nevermind the federal!
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Old 12-09-2011, 01:46 PM
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Originally Posted by gf View Post
$13.49 per $1000 of assessed value.

In MA, assessed values are required to be at market value and tax rates are set annually. After decreasing in '06 & '07, our tax rate has increased 42% since then. However, due to lower assessed values, my actual tax bill has increased only 17% in that same timeframe.
13.49??? I may move to your town!!
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Old 12-09-2011, 01:53 PM
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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.
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Old 12-09-2011, 01:55 PM
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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...
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