Property Tax Rate

You know you can google this and get the information.

Here's Fairfax County.
http://www.fairfaxcounty.gov/dta/tax_rates.htm

DeKalb county is 1.4% of the homes value. Our sales tax is 8%

I have to say, you ask a lot of personal questions about money.

In my area it goes by County. All info is on the Texas websites.

My yearly tax bill for my home and our condo (same county) is roughly $15,000 a yr. We have higher tax rate for schools as well but I don't mind that since our schools are top notch. It sucks for someone who homeschools or private schools because they are paying a chunk of money for schools... no way to avoid that here.

Our property taxes are high because we don't have a state income tax in TX.

Our sales tax is also high because of no state income tax. 8.25%.

Not sure what tax rate you have (town/city vs county etc) but I am in Cook County and I am paying 13.74. My city tax itself is 1.5. My mom lives in the city and if not for the senior exemption, she would be paying a lot more than she is. In her area, homes are selling anywhere from $350,000 to over 1 million, with taxes at $10,000 or more.

Wow, those are really simplistic tax rates. Do you live in Cook County or one of the suburbs?

In central Illinois it's all about which school district you live in. The Springfield School District is desperate for money, but the outlying school districts all have their own situations. We live in an outlying district. Our taxes are very, very low compared to some in our area, but we have excellent schools. Our PTO does a lot of fundraising, so maybe that offsets our taxes a bit.

I'm not sure you're going to get an easy answer at all.

This is going to vary state by state, county by county.
There might be some good sites out there that help people figure out where it's best for them to retire - they discuss all the tax rates - property, sales tax, retirement income (and how much that's taxed) etc.

http://taxes.about.com/od/statetaxes/a/property-taxes-bes...

http://www.retirementliving.com/taxes-by-state

http://www.kiplinger.com/slideshow/taxes/T054-S001-10-mos...

We have a levy rate on non-ag land of 40.19 per $1000. But the entire assessed value of your property isn't taxed. It is a bit under 50% of the value that is taxed. And then there are military, homestead, disability and elderly credits.

.823.
and up from there.
:/ khairete
S.

1.46% here, not including school taxes.

I live in the area and I'm not even sure what you mean by the numbers you've given us.

http://cookcountyclerk.com/tsd/DocumentLibrary/2013%20Tax...

What? property taxes vary. Some counties, villages, whatever, need extra for park district programs/land, schools, libraries, sidewalks, etc. It is different everywhere. I am in one town,the next town over has taxes higher for a similar looking house because they need more things. So it goes. I totally don't understand what your numbers are about and I've owned several houses. It is based upon comparison to the other houses in the neighborhood, what the needs are and general property values.

1.8 of what? What is the calculation? Our rates vary, however, we have a tax cap which was passed by the senate approximately 9 years ago.

Within Clark County, there are many different districts. Each district has a rate and then each home has an assessed value. The assessed value does not equal the market value, it is a value placed on the property by the assessor's office. So, rate x assessed value/100=real property tax.

Then, they take the previous years tax and increase by 3% for residential properties and up to 8% for investments.

The real property tax is the lower of the two calculations.

Here is a sample:

Taxes as Assessed $1,874.15
Less Cap Reduction $123.00
Net Taxes $1,751.15

Taxes in CT are outrageously expensive

In our county (Sacramento), it's not a simple percentage. They have all kinds of extra stuff that gets added on for some people and not for others (having to do with water, schools, infrastructure, and so on). You can ask for a homestead exemption (you pay a lesser rate on your primary residence than you would on a rental property or vacation home). On average the rate is 0.68% of the home's assessed fair market value, which works out to a median tax of $2200 per year based on the median home value of $325K.