Property taxes... who pays the most?
Jan 21st 2010, 1:06 pm
#31
Unmitigated Gall
Thread Starter
Joined: Dec 2006
Location: it's still too dark to tell
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Jan 21st 2010, 2:36 pm
#32
Sursum corda
Joined: Sep 2002
Location: Richmond Hill, GA USA
Posts: 38,860
Re: Property taxes... who pays the most?
Property taxes are still deductible,yes?
Jan 21st 2010, 2:54 pm
#33
converted lurker
Joined: Oct 2008
Location: NJ
Posts: 20
Re: Property taxes... who pays the most?
we pay around $20,000 per year in morris county, nj for a 3800sq ft property. we bought in july 09, and the whole town went through a reassessment "as a result of the economic slow down" which was completed by october 09...as a result of which, they reassessed us at almost $300,000 MORE than we paid for it just 2 months earlier (at a time when the property market was at near historic lows).
meeting with the assessor this afternoon to begin the appeal process
meeting with the assessor this afternoon to begin the appeal process
Jan 21st 2010, 2:57 pm
#34
Sursum corda
Joined: Sep 2002
Location: Richmond Hill, GA USA
Posts: 38,860
Re: Property taxes... who pays the most?
we pay around $20,000 per year in morris county, nj for a 3800sq ft property. we bought in july 09, and the whole town went through a reassessment "as a result of the economic slow down" which was completed by october 09...as a result of which, they reassessed us at almost $300,000 MORE than we paid for it just 2 months earlier (at a time when the property market was at near historic lows).
meeting with the assessor this afternoon to begin the appeal process
meeting with the assessor this afternoon to begin the appeal process
Ours went up 4K from the previous year.Nothing like 300K, but when both of you are unemployed................
Jan 21st 2010, 3:14 pm
#35
converted lurker
Joined: Oct 2008
Location: NJ
Posts: 20
Re: Property taxes... who pays the most?
also "funny" how when we were buying, it was a nightmare getting an appraisal which came anywhere near high enough to go ahead with the mortgage...yet strangely, when it comes to tax collection, the town seems to value my house very highly.
perhaps i could sell it to them!
perhaps i could sell it to them!
Jan 21st 2010, 3:16 pm
#36
Sursum corda
Joined: Sep 2002
Location: Richmond Hill, GA USA
Posts: 38,860
Re: Property taxes... who pays the most?
also "funny" how when we were buying, it was a nightmare getting an appraisal which came anywhere near high enough to go ahead with the mortgage...yet strangely, when it comes to tax collection, the town seems to value my house very highly.
perhaps i could sell it to them!
perhaps i could sell it to them!
Jan 21st 2010, 3:19 pm
#37
BE Enthusiast
Joined: Oct 2008
Location: Louisiana
Posts: 615
Re: Property taxes... who pays the most?
I have a 3-bed, 1420sq. ft. house in Louisiana. The property tax last year was about $850. 
Jan 21st 2010, 3:24 pm
#38
Sursum corda
Joined: Sep 2002
Location: Richmond Hill, GA USA
Posts: 38,860
Re: Property taxes... who pays the most?
Jan 21st 2010, 5:00 pm
#39
Lost in BE Cyberspace
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Jan 21st 2010, 5:01 pm
#40
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,020
Re: Property taxes... who pays the most?
we pay around $20,000 per year in morris county, nj for a 3800sq ft property. we bought in july 09, and the whole town went through a reassessment "as a result of the economic slow down" which was completed by october 09...as a result of which, they reassessed us at almost $300,000 MORE than we paid for it just 2 months earlier (at a time when the property market was at near historic lows).
meeting with the assessor this afternoon to begin the appeal process
meeting with the assessor this afternoon to begin the appeal process
Jan 21st 2010, 5:06 pm
#41
Unmitigated Gall
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Joined: Dec 2006
Location: it's still too dark to tell
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Jan 21st 2010, 5:10 pm
#43
Unmitigated Gall
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Joined: Dec 2006
Location: it's still too dark to tell
Posts: 16,162
Jan 21st 2010, 6:28 pm
#44
converted lurker
Joined: Oct 2008
Location: NJ
Posts: 20
Re: Property taxes... who pays the most?
NJ has the nation's highest property taxes...something that my neighbour plans to sort out.
i'd like to think that's the end of it, but i'll believe it when i see it.
Last edited by kronenborg; Jan 21st 2010 at 7:47 pm.
Jan 21st 2010, 7:43 pm
#45
Forum Regular
Joined: Jul 2007
Location: Houston, TX
Posts: 42
Re: Property taxes... who pays the most?
just paid ours this week...about $14k for a 4 bed, 4,300 sq ft