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Property tax increases

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Thump said:
Anyone else get a drastic increase in their triennial tax assessment?

Boy, I sure did! :smash::smash:
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I’m guessing you don’t live in Texas where it’s every year and there is a cottage industry for protesting them.

Yes there is no state income tax here but they get their pounds of flesh through property tax.
 
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Move to South Carolina. We have some of the cheapest property taxes for owner occupied houses. They make it back on commercial properties. My home and and a business property I own have similar tax valuations (1.5M). My annual tax for my home was 5,600.00 . The business tax hit is 61,000.00 plus.
 
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zbuck said:
Move to South Carolina. We have some of the cheapest property taxes for owner occupied houses. They make it back on commercial properties. My home and and a business property I own have similar tax valuations (1.5M). My annual tax for my home was 5,600.00 . The business tax hit is 61,000.00 plus.
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I want cry... my house valued at less than a 3rd of yours ... my tax bill is approaching 9k
 
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NJ-Buckeye said:
You don't even wanna talk about prop taxes to a Jersey dude.. WE SUCK
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feels like a measuring contest at the AVN Awards (or whatever its called) ... state to state yeah on average because Texas is fucking huge but city to city... we might be within a fraction of an inc.... I mean a couple 10ths of a percent
 
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zbuck said:
Move to South Carolina. We have some of the cheapest property taxes for owner occupied houses. They make it back on commercial properties. My home and and a business property I own have similar tax valuations (1.5M). My annual tax for my home was 5,600.00 . The business tax hit is 61,000.00 plus.
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Colorado is like this, and has been for a long time, but is not so extreme. We’ve made it a lot more complicated over the last few years as rapidly increasing actual value for residential real property has created legislative gyrations to provide “relief” that hasn’t been particularly effective. We also have flat state income tax of 4.4 %, very high sales taxes, and a plethora of enterprise “fees”. We have a constitutional tax and expenditure limit that’s typically considered the strictest in the country, but with voter-approved exceptions and judicially upheld legislative workarounds, it does a lot less in reducing the total government take than it does in making how it’s taken more complex, unfair, and opaque.
 
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Interesting how it can vary across a state. I live in the DFW area and my property taxes are about 2/3 of 1% on the appraised value of my house. I am over 65, so I have a senior exemption plus the homestead exemption. So, depending on the taxing jurisdiction, as much as $200K of the house value is exempt from taxation.
 
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