how expensive is the property tax in your area?

[MichelleCarmen]

Date: 11/19/2008 7:11:28 PM
Author: Haven

Date: 11/19/2008 4:48:45 PM
Author: Starset Princess

Date: 11/19/2008 2:44:01 PM

Author: MC

Date: 11/19/2008 12:07:42 PM

Author: Starset Princess

8.8% in farmtown, Illinois

8.8%???


Ours is 1%

Property Tax Rates

Year 2005 Total Property Tax Rates Total Sales Tax Rate 6.25%

City 1.9148% For Two Previous Years Utility Tax On

County 1.1164% 2004 2003 Electricity 0.00%

School 4.1681% 8.9918% 8.5726% Natural Gas 0.02%

Other(s) 2.0064% Telephone 0.00%

Total 9.2059% Water 0.00%

Wait--so, for my $350,000 home I would have to pay $30,800 per year in taxes? That''s insane. How do people afford to live there, and WHY would anyone buy a house somewhere with such high taxes?

Am I missing something here????

No, I don''t think you''re missing anything. I''m not quite sure about those numbers either. lol

 

[bebe]

over 15K based on 600,000.

taxes are awful here in Texas
I hate writing that check!

 

[moremoremore]

Haha Tac...Yup, yes than yours DF Don''t you love our state? It really is pennies compared to NY...OMG, back in NY in a house like this...easily 8-10 grand a year...which still isn''t that bad for the area...

 

[Dancing Fire]

next Q....does your county lower your tax if the property value go down?

 

[Erin]

Scroll to the bottom under "Tax Structure"

http://www2.illinoisbiz.biz/communityprofiles/profiles/SULLIVAN.HTM

 

[Lynnie]

My zip in Philly Pa: around $1300/yr. Rowhomes typically worth between 100000-140000. Sucky school system - and no backyards

One of the "senior" cardiologists I work with was complaining that the taxes for his NJ home was 20K... no idea what his house is worth, or what town (although I think he told me, I just forgot). But I''m sure it''s a pretty penny.

Got this from a website about Philly property taxes: Current real estate rates are 4.790% for the School district and 3.474% for the City; a total of 8.264%.

 

[Haven]

Date: 11/20/2008 8:32:15 AM
Author: Starset Princess
Scroll to the bottom under ''Tax Structure''

http://www2.illinoisbiz.biz/communityprofiles/profiles/SULLIVAN.HTM

Thanks, Starset!

I''m in Illinois, too. I think I don''t understand what this figure means, because it says we pay 7.2260% for property tax (or did 10 years ago), but our yearly taxes on our 350K home are only $7,000, which is 2% not 7.2%.

According to that website, this is what we pay:

Property Tax Rates
Year 1998 Total Property Tax Rates
City 0.8850% For Two Previous Years
County 0.6880% 1997 1996
School 4.7980% 7.2640% 6.9860%
Other(s) 0.8550%
Total 7.2260%

 

[fieryred33143]

We pay $3,500 for 860 square feet which includes closets, patio, and the laundry room. Oh forgot to add we purchased for $180K and its probably worth around $170K at the moment. If they were going to lower anything, I haven't seen it. It's been down for about 1.5 years now.

 

[Erin]

Date: 11/20/2008 1:55:18 PM
Author: Haven

Date: 11/20/2008 8:32:15 AM
Author: Starset Princess
Scroll to the bottom under 'Tax Structure'

http://www2.illinoisbiz.biz/communityprofiles/profiles/SULLIVAN.HTM

Thanks, Starset!

I'm in Illinois, too. I think I don't understand what this figure means, because it says we pay 7.2260% for property tax (or did 10 years ago), but our yearly taxes on our 350K home are only $7,000, which is 2% not 7.2%.

According to that website, this is what we pay:

Property Tax Rates
Year 1998 Total Property Tax Rates
City 0.8850% For Two Previous Years
County 0.6880% 1997 1996
School 4.7980% 7.2640% 6.9860%
Other(s) 0.8550%
Total 7.2260%

I believe you multiply your property tax rate by the 33.3% (Illinois percentage) value of your home.

 

[PaulaW]

we pay about $6200 for our house. It''s 1800 sf on a 1/4 acre.

 

[sap483]

Our property tax is a little over 1% a year. Our friends who live a mile away but in the neighboring town pay about 2%. It really varies from town to town around where we live.