(Closed) 6k a year in taxes? Are you flipping kidding me?

posted 7 years ago in Home
Post # 3
Member
4824 posts
Honey bee

My parents taxes went from 3,000 14 years ago to now nearly 30,000.  Taxes suck.

Post # 4
Member
274 posts
Helper bee
  • Wedding: October 2011

Maybe try to think about those taxes as tuition for an amazing school?  I know it’s tough to think about that way, but sounds like an investment in your situation.

I hope that helps…I’m a “silver lining” type of person!

Post # 6
Member
209 posts
Helper bee
  • Wedding: September 2010

Taxes are high so they can pay for a good education system – so they can provide programs like the specialty program you’re interested in for your daughter.  If it’s something you’re genuinely interested in for your daughter, I think it’s worth the investment. 

Post # 7
Member
14424 posts
Honey Beekeeper
  • Wedding: June 2011

I agree… another area probably wouldnt have such an amazing school system with that program.  Property taxes are deductible too… so its effectively only about 4k. 

Post # 9
Member
5496 posts
Bee Keeper
  • Wedding: April 2010

I agree with those above. The area in which we want to purchase our single-family home in the near future has higher taxes than the surrounding areas. But it is super important to us because it is one of the best school districts in PA. Our taxes for our current townhouse are $3800 per year, but the houses we like will be around $5500 to $6000 just like your dream home. Sucks, doesn’t it?! 

Post # 10
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

$6000 sounds pretty good to me, actually, but i’ve become accustomed to the Boston/San Francisco housing market.

You don’t get the good schools without the higher taxes – MA has high taxes, but is also has the best schools in the country. It goes hand in hand! Just think how much you’d spend on private school…then it won’t feel so expensive!

Post # 13
Member
14424 posts
Honey Beekeeper
  • Wedding: June 2011

Absolutely I’d trade a nicer house to be in a nicer area.  There are always things you can do to the house to improve it, but you’re stuck with the location.  Especially if you are looking at a house that is on the lower end of the spectrum in a particular town, it’ll be a much better investment also and you’ll be able to add a lot more value with your own upgrades.

Post # 14
Member
1944 posts
Buzzing bee
  • Wedding: June 2009

@pinkshoes: Property taxes are tax deductible? Do you get a form for this for your accountant? Never heard of this only the the interest you pay on your home.

Post # 15
Member
274 posts
Helper bee
  • Wedding: October 2011

@MissGreen  – It’s on the statement the bank sends you.  The same form that has your interest listed.  If you use turbotax or any of the other major softwares, it calls it out to you.

Post # 16
Member
7431 posts
Busy Beekeeper
  • Wedding: October 2009

@MissGreen: Agreed. I just started doing our taxes over the weekend using turbotax, and they asked me for our property tax amount as well

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