The investment property thread has me thinking about comparative property taxes. What are property taxes like where you live? Post your home's approx. market value, property tax, and type of location.

Value--400k
Yearly property tax--$2200
Urban, inner city.

__________________
1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

Non-homestead Lansing MI $12,660 That is what an investment property will set you back.

Take your example.

Here, a 400K house is going to range from $4.5K(ish) all the way to $10K.

OTOH, a 900K house may also fall in those parameters. Local gov. here is VERY mis managed and corrupt -- with few people questioning it. So the scale is VERY hard to pin down. Generally, the more inner cities (poor) a county house in NJ, the higher the taxes... That is why a town like Maplewood pays so much compared to Saddle River...

(I know those towns don't make much sense to those people outside of NJ area...)

Texas
Tarrant county -- DFW area.
Prop value $106k
Prop tax 2005 - $3093.27

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Whoops I thought you were asking for scenerios.

My current hume Value $564,000

Tax $3790

In the mud and sticks and land of dirt roads.

Are these property values that are being quoted assessed by the government, or the actual market value of the house (i.e. the value that houses are actually being sold/exchanged hands in your neighborhood)? The property taxes being quoted here are really high compared to the actual property values though...I always thought American taxes were low compared to Canada...

__________________
1995 black pearl/black Mercedes-Benz E420 :

These are all approximates - but close approximates.

1999, Portland Oregon (Zip 97219) Value $260,000 Taxes $5,200.00
2003, Baton Rouge (Zip 70808) Value $235,000 Taxes $1,300.00
2005, Golden, CO (Zip 80403) Value $375,000 Taxes $2,200.00

Interestingly, if my current home was just another 3-4 miles to the west, in the neighboring county that's chalk-full of casinos, my taxes would be in the $300-$400 range.

__________________
"Diplomacy is the art of saying 'nice doggie' until you can find a rock."

It should be market value but it does not always work out that way.

What your home is assessed at and what it is worth are usually two very different numbers.

A house with an assesment of $160k could be worth $600 easily.

Yes...this is why I am wondering if these values are the assessed values or the actual worth/market values...

__________________
1995 black pearl/black Mercedes-Benz E420 :

3 Bdrm Townhouse: $275,000
Taxes: $1,100
Water & Sewer: $400

We are selling and buying a house for around $480,000 - $500,000 in Port Coquitlam. Taxes I believe will be around $2,200 in the area we want....

Shaun

__________________
1992 Pearl Black 500E (08/91) SOLD
1997 White C36 AMG (T-Boned by Chevy truck)
2003 Silver C32 AMG (lease due, traded up)
2002 Pontiac Montana VisionSOLD
2007 Volvo XC90 3.2
2005 E55 AMG (newest ride)

My amount is based on the county assessed value. Here, that is what your taxes are based on. Market or sale price is irrelevant (except when they reassess the area)

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Assessed Value: $619,000.00
Yearly Property Tax: $7,740.00 (approx. 1.25% tax rate)
Location: a residential suburb in Los Angeles County

__________________
Paul S.

2001 E430, Bourdeaux Red, Oyster interior.
79,200 miles.

1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron".

$2.2K for a 1/2 Mil house... Anyone have a moving truck handy?

I was hoping people would put down market value since assessed values can vary so much from market value.

__________________
1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13