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 Post subject: Property Taxes
PostPosted: Fri Apr 11, 2008 7:47 pm 
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Joined: Mon May 03, 2004 5:42 pm
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Location: Waukegan,Illinois
Since I have thought for many years that we here in Lake County,Illinois have the highest tax rate anywhere, I am curious what everyone else pays in property taxes. I currently pay 6,000 buks on a 1,400 sq ft, 2 bedroom, one car garage home that sits on about a 1/5 acre lot. In today's market on a good day I could get 160k for the house. Can anyone else top that? Just wondering.

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PostPosted: Fri Apr 11, 2008 8:01 pm 
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Joined: Mon Jun 14, 2004 8:41 pm
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Location: North Texas
We pay about $950 with our exemptions on a home that is about 1100 sqft, situated on 4 lots totaling about 1 acre. My parents pay about $3200 on a 3100+ sqft home on 1/4- 1/3 acre in a town about twice the size of our nearest one.

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PostPosted: Sat Apr 12, 2008 12:53 pm 
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Joined: Tue Nov 15, 2005 6:23 pm
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Location: Somewhere South of New Jersey...
Have you been to New Jersey? Taxes are insane there. People are leaving in record numbers...

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PostPosted: Sat Apr 12, 2008 1:27 pm 
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Used to live in Stanhope NJ. and work in NYC...Florida has to be the real robber on taxes....property taxes are based solely on last selling price and not value. People are paying taxes based on selling prices significantly different from current values. You can go into some areas and have one person paying a couple of thousand on a place because they bought it 20-30 years ago and the house next door has the same value and that owner is paying 10-20 or more times the taxes.


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PostPosted: Sat Apr 12, 2008 1:27 pm 
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Joined: Mon Jun 14, 2004 8:41 pm
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Location: North Texas
Used to live in Stanhope NJ. and work in NYC...Florida has to be the real robber on taxes....property taxes are based solely on last selling price and not value. People are paying taxes based on selling prices significantly different from current values. You can go into some areas and have one person paying a couple of thousand on a place because they bought it 20-30 years ago and the house next door has the same value and that owner is paying 10-20 or more times the taxes.


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PostPosted: Wed Apr 16, 2008 10:44 pm 
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Joined: Mon Nov 08, 2004 10:18 pm
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Location: Phoenix, Az
JMHO, property taxes should be illegal. I mean, you own it, it is yours, you have a note from the bank saying it is yours, yet if you don't pay taxes on it, the govt will take it from you. How is it they can tax something over and over. You never "own" your property, you are renting it from the govt.


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PostPosted: Thu Apr 17, 2008 8:02 pm 
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Joined: Mon Jun 14, 2004 8:41 pm
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Location: North Texas
I'll take property taxes over income taxes any day. I used to work in NYC, and travel for my job. I got hit one year with federal, NY state, NY city, and NJ state income taxes. I paid approximately 53% of my gross that year in taxes. With property taxes, at least I can contest the assigned value and use my vote to change the basis. With having to pay income taxes on my gross income to a state simply because I worked in the state, with no allowances for work preformed outside of their boundries, and no voice in how the money is spent is truly criminal.


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PostPosted: Thu Apr 17, 2008 9:41 pm 
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Joined: Sun Apr 22, 2007 7:43 pm
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Location: Marietta, GA
Here in Marietta, GA, the taxes on a $160k house would be about $1800.

My biggest tax gripe is that I get taxed on sweat equity. Between the airplane I built and various home improvement projects, my sweat equity probably costs me $750/year in taxes. Go figure.


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 Post subject:
PostPosted: Sun Apr 20, 2008 10:14 pm 
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Joined: Fri Dec 01, 2006 10:48 pm
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Location: San Carlos California
I was paying 6k a year on my 1200 sq ft hom in the bay area, I tore down and rebuilt 2 years ago and now im paying 9k a year! That is a pure rip off.

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