about 17k
another sad sack story from Florida....

about 521.00 to much per year.

Damn that's just fucking sick.

My parents bought their first house in Orlando for not much more than that. (Granted that was in 1977 but still)

About $4k here. Chicago is pretty crappy with property tax, and a hold on raising it was lifted this year. So I could be looking at huge numbers. A doctor's office next door just got hit with a $35,000 a year tax bill. He has to close up shop and is going to tear down the building so it gets zoned and taxed differently.

It does make me sick...but not as sick as when I saw my Homeowners insurance nearly quadruple in 3 years. Florida homeowners are getting bent over on those two things alone. For alot of homeowners, their property taxes and insurance bill is higher than their mortgage payments every year. Just sick

Good point, although the self employment tax only goes up till $90k of your income I believe. States are a crapshoot with high taxes in places like Illinois, but zero in Florida.

But when you add up our sales taxes, the ridiculous taxes they put on gas/alcohol/cigs/etc, state/federal, and property, we're up there pretty high.

If you make little income though, the US is the best. I believe 40% of the country doesn't pay in anything in income tax, and the top 5% of taxpayers cover over 90% of the income tax paid in.

Roughly $2016 yearly. It's not a huge house, but even at $2016 it's way to much for this house. It will be more very soon though as soon as the inspectors check out the work that was done to the basement. extra bathroom, bedroom and living room were added in the basement. So that will increase the taxes.

my biggest problem is if I sell my house for $500K and buy another in the same price range here my property tax will double to $10K a year so I can't really sell.

good thing i love the house - room to grow with reno and such

You get taxed on property!? How does that work - the increase in value?

So do they go by what the selling price is? Here they are pretty good about keeping tax values down. Mine are lower than what I've paid for every property except for 2. I've fought every time they've tried to raise any of mine and so far have at least gotten them to lower the value SOME.

One friend of mine paid approx $300K for property, then built several structures on it, totalling over $1mil. He had to get permits from the county, so they knew exactly what he was doing, but they were too lazy to send anyone out for several years so he kept paying on the $300K valuation :winkwink: Once they finally got it figured it I think it was around $1.5mil but they couldn't get him for the previous years since they were the ones that screwed up :)

Yeah after your post I read up on FLA prop taxes and see that it was a big issue in the last governor's race. Apparently they're trying to charge the part time residents higher property taxes or something?

Florida will do almost anything to avoid having a state income tax, because that's one of the reasons it's such a retirement haven. People living on their 401(k) and IRA money don't have to pay state tax on the withdrawals.

I remember the last time I lived there they started this thing called IMPACT fees, which were basically VAT taxes on alot of different things. I hope they get your shit worked out man.

Edit : Oh yeah, FIDDY people paying too much in property tax

they already charge people who are not "homsteaded a higher property tax then those that live in their primary dwelling

I get a $25k deduction in my purchase price for my homstead

but its still alot of money for me to pay for such a little house

it was 4k last year when i bought the house and they jacked it up to 6k this year. the worst is that i pay about 3k on a rental house i bought for 36k. thats almost 10% in taxes.

The homestead exemption here in LA is 75K, but really that doesn't matter because they can always jack the millage rates up. What really matters is what you end up paying, not how they calculate it.

FLA is pretty fucked up right now, however, you're paying higher property tax but you have no state income tax, your sales tax is lower than mine, and you have much better schools, hospitals, roads, etc etc to show for your money as opposed to here.

Louisiana sucks :(

times like these I like being a renter