Property Taxes. How bad do you have it?

**Scrib** · 09-27-2005, 9:47 AM

They finally finished the re-assessment of my county and I got word today on our taxes. I knew it would be ugly, but had no idea it'd be this bad.

So I'm curious... Home owners for their primary residence. How bad you got it?

Me... $6024 a year.

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doopstr · 09-27-2005, 9:52 AM

Amateur, come to NJ and you will learn what property taxes are all about. If you are building new construction here and not going into an adult community you can expect at least 10k, most likely more.

TSX 'R' US · 09-27-2005, 10:17 AM

right now, parents are paying ~$2500/year
The subdivision I just put down an offer in is ~$3000/year

Depending on where around here, I've seen it from 2000 to 4500.

**NSXNEXT** · 09-27-2005, 10:29 AM

We haven't been assessed on the house yet, just the land. But from what my neighbors tell me, we're going to be in the $8500 + range for a 3br/2.5ba townhouse.

OH and we are going to get a bill for last years property taxes on the house. That'll be a nice $7000 bill.

SO, come October I'm getting a $9000 + tax bill.

JerseyJeff · 09-27-2005, 10:29 AM

New 2006 property tax bill on my 1600 sq. ft. townhouse 10 miles from NYC is $8360.

Quote:

Originally Posted by doopstr

Amateur, come to NJ and you will learn what property taxes are all about. If you are building new construction here and not going into an adult community you can expect at least 10k, most likely more.

**Scrib** · 09-27-2005, 10:45 AM

Quote:

Originally Posted by JerseyJeff

New 2006 property tax bill on my 1600 sq. ft. townhouse 10 miles from NYC is $8360.

WHAAAAAAAAAAAAAAATTTTTTTT??????

That's f'in insane! What's the income tax and sales tax in NJ?

Nicky Pass · 09-27-2005, 10:51 AM

$2400 a year on my condo in Arlington Heights....a "sought after area".

eve · 09-27-2005, 11:03 AM

$1900 a year on a 2 bed/2 bath condo (Chicagoland; NW suburbs)

doopstr · 09-27-2005, 11:07 AM

Well the NJ income tax varies like the fed tax rate.
Most people here probably fall into the 3.9%-7% range.

Sales tax is 6%.

BOHICA Bend over here it comes again.

anothercls · 09-27-2005, 11:09 AM

Quote:

Originally Posted by Scrib

WHAAAAAAAAAAAAAAATTTTTTTT??????

That's f'in insane! What's the income tax and sales tax in NJ?

I think the sales tax is 6% in 19 counties and the remaining two counties have 3% on some items and 6% on others due to being the poorest in the state.

Not sure about income taxes though.

Shawn S · 09-27-2005, 11:26 AM

Mine’s about 4,100 a year for everything.
And that’s a 3,000 Sq Ft, 3-Bedroom, 2 bath place sitting on 2 acres.

BigPimp · 09-27-2005, 11:34 AM

I am now at ~$3500, townhome, 2300 sq ft, with maybe .2 land. It's decent for the area.

**juniorbean** · 09-27-2005, 12:04 PM

Brand new townhouse in Northern Westchester County, NY: 2600 sq ft... 15' of property behind me = ~ $3200/year with the STAR deduction (which was very good for the area)

Brand new home outside of Charlotte, NC: 4500 sq ft, 1/2 acre of property = ~$3500/year

**srika** · 09-27-2005, 12:38 PM

fwiw, my sister's home in Oak Park is about 100 years old.... fully renovated/remodeled tho. property tax is just over $20k... eek

soopa · 09-27-2005, 12:39 PM

$3600/yr, ~1800 sq ft, 3bed 1.5bath, corner lot with side garage.

**GreenMonster** · 09-27-2005, 1:05 PM

$2300/yr, ~1200sq ft, 3 bed, 1 bath, 2 car garage, 17,000 sq ft lot...

They just did a reval in town, so my bill went a couple of hundred over last year. House is assessed a little under 100K more then last year... BTW, assessed != appraised.

Assessment on the house went up, but the tax rate went down. Proposition 2 1/2 in MA.

One of my criteria for buying a house was the tax rate. Some people overlook this when shopping around for houses, but I knew that the town I'm in was lower then some of the other towns in the area.

bl^5 · 09-27-2005, 2:16 PM

~$3300/year 1643 sqft 3br/2bthrm O' and NO STATE INCOME TAX in Texas

ric · 09-27-2005, 3:03 PM

Tax rate of @2200 just went up to @2600 on a three-bed two-bath 1880's Victorian rowhouse in a "gentrified" neighborhoo near Center City, Philadelphia (within the city limits) - total of about 1600 square feet, and the concept of parking attached to a row house in CC is laughable...... However, we won't pay the tax increase, as it will be implemented just after we close on the sale of the place; market is softening, and we didn't get what we wanted but we are closing at $405 - four times what we paid for it about ten years ago.

The low taxes for real estate are fully compensated for by the Philadelphia City Wage Tax.......

**fsttyms1** · 09-27-2005, 5:09 PM

Quote:

Originally Posted by GreenMonster

One of my criteria for buying a house was the tax rate. Some people overlook this when shopping around for houses, but I knew that the town I'm in was lower then some of the other towns in the area.

That is a Extremly over looked thing here. there are many towns here where you could live in the ajoining town and pay half of what the others are paying. Check the local towns/cities to see whatr there mill rate is and when the last reval. Most times out of ten the mill rate will drop accordinly on the reval.

1600sq ft 3 bed 2 bath 2300 taxes

dallison · 09-27-2005, 5:48 PM

how the hell do people afford the taxes, thats like 600 per month to the fucking gov't(state, local, whatever)

i know that is one of our criteria when we move, lower taxes

jz-97-c7 · 09-27-2005, 6:26 PM

ya'll are getting cleaned out on property taxes....here, even though it is hurricaneville/lower alabama, i may have to cough up $1500-$1800 next year. this year we're just paying on the land so i'm not sure how much that'll be.

and my house is a 1800sq 4bed 2 bath

soopa · 09-27-2005, 6:31 PM

if you've a business, be sure to write off your home office and itemize all your expenses!

**jlukja** · 09-27-2005, 6:32 PM

Mine seems reasonable by comparison. $3800/yr. Prop 13

Fibonacci · 09-27-2005, 6:43 PM

Hey, guess where State Govs are going to turn to when they can't pay their Pension/Healthcare Benefits....you guessed it --- RAISE TAXES.

Enjoy! Another reason to not be bullish about home appreciation.

65 Fury Convert · 09-27-2005, 6:50 PM

$27 per $1000 assessed value here in Milwaukee which is too damn much.

moeronn · 09-27-2005, 7:10 PM

Quote:

Originally Posted by jlukja

Mine seems reasonable by comparison. $3800/yr. Prop 13

Prop 13 owns.

Right now paying around $2700 /year and can only go up 2% per year.

However, if/when I move into a new house, my guess is property tax will be arround 8-10k /year

**juniorbean** · 09-28-2005, 9:03 AM

Quote:

Originally Posted by soopa

if you've a business, be sure to write off your home office and itemize all your expenses!

I write off the square footage of my den (office), and then turn that into a percentage of the size of the house and use that to write off my heat, electric, and so on. Also get to write off most of my cable modem bill... and anything I buy for it (new desk, new monitor, and so on).

I make out better from that then actual profits... LOL...

TBone2004 · 09-28-2005, 12:35 PM

Oh man you said it. NJ bore a huge hole in my ass - and wallet this year with reassessment.

Quote:

Originally Posted by doopstr

Amateur, come to NJ and you will learn what property taxes are all about. If you are building new construction here and not going into an adult community you can expect at least 10k, most likely more.

View Poll Results: Annual Property Taxes at Your Primary Residence?
$0 - $2,000	8	19.05%
$2,001 - $4,000	15	35.71%
$4,001 - $6,000	7	16.67%
$6,001 - $8,000	6	14.29%
$8,001 - $10,000	4	9.52%
$10,001 and up	2	4.76%
Voters: 42. You may not vote on this poll

09-27-2005, 9:52 AM	#2
doopstr Registered User My Garage Trader Rating: (0) Join Date: Jan 2001 Age: 37 Posts: 11,189	Amateur, come to NJ and you will learn what property taxes are all about. If you are building new construction here and not going into an adult community you can expect at least 10k, most likely more. Last edited by doopstr; 09-27-2005 at 9:54 AM.

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09-27-2005, 10:17 AM	#3
TSX 'R' US Registered User in My Garage Trader Rating: (0) Join Date: Aug 2003 Location: Rockford, IL Age: 29 Posts: 19,897	right now, parents are paying ~$2500/year The subdivision I just put down an offer in is ~$3000/year Depending on where around here, I've seen it from 2000 to 4500.

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eve Registered User My Garage Trader Rating: (0) Join Date: Jan 2004 Age: 30 Posts: 825	$1900 a year on a 2 bed/2 bath condo (Chicagoland; NW suburbs)

09-27-2005, 11:07 AM	#9
doopstr Registered User My Garage Trader Rating: (0) Join Date: Jan 2001 Age: 37 Posts: 11,189	Well the NJ income tax varies like the fed tax rate. Most people here probably fall into the 3.9%-7% range. Sales tax is 6%. BOHICA Bend over here it comes again.

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Shawn S Registered User My Garage Trader Rating: (0) Join Date: Oct 2000 Location: Hellertown, Pa. USA Age: 42 Posts: 20,266	Mine’s about 4,100 a year for everything. And that’s a 3,000 Sq Ft, 3-Bedroom, 2 bath place sitting on 2 acres.

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BigPimp Offensive Driver My Garage Trader Rating: (0) Join Date: Feb 2001 Location: Philly, PA Age: 31 Posts: 4,125	I am now at ~$3500, townhome, 2300 sq ft, with maybe .2 land. It's decent for the area.

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juniorbean Mega Moderator My Garage Trader Rating: (2) Join Date: Oct 2000 Location: The QC Posts: 19,670	Brand new townhouse in Northern Westchester County, NY: 2600 sq ft... 15' of property behind me = ~ $3200/year with the STAR deduction (which was very good for the area) Brand new home outside of Charlotte, NC: 4500 sq ft, 1/2 acre of property = ~$3500/year

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srika Moderator My Garage Trader Rating: (0) Join Date: Mar 2002 Location: chicago Posts: 23,344	fwiw, my sister's home in Oak Park is about 100 years old.... fully renovated/remodeled tho. property tax is just over $20k... eek

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soopa Alumni My Garage Trader Rating: (0) Join Date: Apr 2000 Location: Albany, NY Age: 27 Posts: 137,708	$3600/yr, ~1800 sq ft, 3bed 1.5bath, corner lot with side garage.

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GreenMonster Mega Moderator My Garage Trader Rating: (0) Join Date: Aug 2002 Location: Swansea, MA Age: 42 Posts: 34,937	$2300/yr, ~1200sq ft, 3 bed, 1 bath, 2 car garage, 17,000 sq ft lot... They just did a reval in town, so my bill went a couple of hundred over last year. House is assessed a little under 100K more then last year... BTW, assessed != appraised. Assessment on the house went up, but the tax rate went down. Proposition 2 1/2 in MA. One of my criteria for buying a house was the tax rate. Some people overlook this when shopping around for houses, but I knew that the town I'm in was lower then some of the other towns in the area.

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bl^5 Got da Internet Goin Nutz My Garage Trader Rating: (0) Join Date: Oct 2001 Location: P-VILLE, TEXAS Age: 33 Posts: 2,057	~$3300/year 1643 sqft 3br/2bthrm O' and NO STATE INCOME TAX in Texas

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ric Registered User My Garage Trader Rating: (0) Join Date: Jun 2004 Location: Philadelphia, PA USA Age: 60 Posts: 4,227	Tax rate of @2200 just went up to @2600 on a three-bed two-bath 1880's Victorian rowhouse in a "gentrified" neighborhoo near Center City, Philadelphia (within the city limits) - total of about 1600 square feet, and the concept of parking attached to a row house in CC is laughable...... However, we won't pay the tax increase, as it will be implemented just after we close on the sale of the place; market is softening, and we didn't get what we wanted but we are closing at $405 - four times what we paid for it about ten years ago. The low taxes for real estate are fully compensated for by the Philadelphia City Wage Tax.......

09-27-2005, 5:48 PM	#20
dallison Registered User My Garage Trader Rating: (0) Join Date: Aug 2003 Location: south central pa Age: 34 Posts: 28,278	how the hell do people afford the taxes, thats like 600 per month to the fucking gov't(state, local, whatever) i know that is one of our criteria when we move, lower taxes

09-27-2005, 6:26 PM	#21
jz-97-c7 givin the business My Garage Trader Rating: (0) Join Date: Jun 2004 Location: Sasebo, Japan Age: 30 Posts: 2,538	ya'll are getting cleaned out on property taxes....here, even though it is hurricaneville/lower alabama, i may have to cough up $1500-$1800 next year. this year we're just paying on the land so i'm not sure how much that'll be. and my house is a 1800sq 4bed 2 bath

09-27-2005, 6:31 PM	#22
soopa Alumni My Garage Trader Rating: (0) Join Date: Apr 2000 Location: Albany, NY Age: 27 Posts: 137,708	if you've a business, be sure to write off your home office and itemize all your expenses!

09-27-2005, 6:32 PM	#23
jlukja Moderator My Garage Trader Rating: (0) Join Date: Dec 2003 Location: Long Beach, CA Age: 46 Posts: 20,452	Mine seems reasonable by comparison. $3800/yr. Prop 13

09-27-2005, 6:43 PM	#24
Fibonacci Atlas Shrugged in My Garage Trader Rating: (0) Join Date: May 2004 Location: Motown Posts: 9,614	Hey, guess where State Govs are going to turn to when they can't pay their Pension/Healthcare Benefits....you guessed it --- RAISE TAXES. Enjoy! Another reason to not be bullish about home appreciation.

09-27-2005, 6:50 PM	#25
65 Fury Convert Not 65 years old My Garage Trader Rating: (0) Join Date: Feb 2002 Location: Milwaukee Area Posts: 2,150	$27 per $1000 assessed value here in Milwaukee which is too damn much.