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Homeowners: What Are Your Property Taxes?

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We have paid all kinds of different amounts for our houses - from $40K to $400K and up... We also live in different areas with different tax rates. Ignoring those ever important variables, what are you shelling out each year for the privelage owning your home?
 
Holy crap, yours is >15k??? I'm right around 4500 for a podunk town in Michigan. Good schools though and that's what the majority of the tax goes toward.
 
Originally posted by: bunker
Holy crap, yours is >15k??? I'm right around 4500 for a podunk town in Michigan. Good schools though and that's what the majority of the tax goes toward.
Click to expand...

Good schools are expensive. Good thing we don't have any kids... :|
 
Holy crap. I just got my property taxes reduced from about 1400 (per year) down to a bit under 1000 by having part of my land placed in timber deferral status.
 
4700 a year. bah!

I live in a very small town. we get nothing for tha tmoney. granted the school system is really good but thats it.
 
i live in a rural county in a cheap state, so they are quite low for the house we own

but the schools need more $, the track at the high school is very old, asphalt and weeds growing through cracks, it is quite bad. we need more $ for schools here
 
Mine is $5600 annually for my house in IL. I paid less than $1000 annually for a house worth approximately the same amount in FL where I used to live.
 
$1600 on a house valued around $135,000. But I'm in one of the best school districts in the state, have the third best library for my town's size in the nation, and we just put in a 5 million dollar indoor/outdoor public pool and expanded the recreation center.

Town is only 4500 people.
 
just got my bill, as it happens. 949.54.. up 12 bucks and change from last year. I have a decent house.. 2300sq ft.. decent yard.. 1/3 acre.. decent neighborhood.. in one of the best school districts in the state.. some years it's ranked 1 some years it's not but 2 or 3 isn't bad. but stuff is cheap here.

 

$3817 for this...

but on the brigher side, when we closed on the house last Nov, my mortgage company estimated this year's tax bill to be around $4400 (which is the figure they used to determine my monthly escrow payment). When my escrow account is analyzed, they are going to send me a check for the overage...
 
Originally posted by: spacejamz

$3817 for this...

but on the brigher side, when we closed on the house last Nov, my mortgage company estimated this year's tax bill to be around $4400 (which is the figure they used to determine my monthly escrow payment). When my escrow account is analyzed, they are going to send me a check for the overage...
Click to expand...

Yeah, you just wait till they screw up one year and charge you $100/mo more to make up the difference (no, I'm not bitter or anything... :|)

I'm paying $3K/yr for my house, 1600 ft^2, currently valued at $97K. Property taxes here are insane!

Dave
 
Originally posted by: DaveJ
Originally posted by: spacejamz

$3817 for this...

but on the brigher side, when we closed on the house last Nov, my mortgage company estimated this year's tax bill to be around $4400 (which is the figure they used to determine my monthly escrow payment). When my escrow account is analyzed, they are going to send me a check for the overage...
Click to expand...

Yeah, you just wait till they screw up one year and charge you $100/mo more to make up the difference (no, I'm not bitter or anything... :|)

I'm paying $3K/yr for my house, 1600 ft^2, currently valued at $97K. Property taxes here are insane!

Dave
Click to expand...
Our monthly payment rose $400 because previous year was seriously underestimated!
 
Originally posted by: Mermaidman
Originally posted by: DaveJ
Originally posted by: spacejamz

$3817 for this...

but on the brigher side, when we closed on the house last Nov, my mortgage company estimated this year's tax bill to be around $4400 (which is the figure they used to determine my monthly escrow payment). When my escrow account is analyzed, they are going to send me a check for the overage...
Click to expand...

Yeah, you just wait till they screw up one year and charge you $100/mo more to make up the difference (no, I'm not bitter or anything... :|)

I'm paying $3K/yr for my house, 1600 ft^2, currently valued at $97K. Property taxes here are insane!

Dave
Click to expand...
Our monthly payment rose $400 because previous year was seriously underestimated!
Click to expand...

I have a mortgage servicing background primarily dealing with the payment of real estate taxes so i am pretty familiar with this stuff. I will regularly check my escrow account to make sure there are no nasty surprises (i.e shortgages that cause your payment to go up $400)...

the only thing that will be beyond my control (as well as the mortgage company) is if the property tax increase for the next year is fairly drastic. In that case, the appeal board will be hearing from me.

 


One other thing, did all the homeowners here that are entitled to a homestead exemption file for it?

That is one of the easiest ways to reduce your property tax bill. Saved about $300 off my tax bill because of it.
 
Originally posted by: spacejamz


One other thing, did all the homeowners here that are entitled to a homestead exemption file for it?

That is one of the easiest ways to reduce your property tax bill. Saved about $300 off my tax bill because of it.
Click to expand...

In CA we have a homeowners exemption which reduces the assessed valuation on my house by $7000.
 
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