(Closed) How much is your property tax?

posted 6 years ago in Home
Post # 3
Member
8692 posts
Bumble Beekeeper
  • Wedding: August 2012

$5050 this year on a ~$220k house. We have a certain amount automatically moved into a savings account every month, and pay the bill in full every year.

Post # 4
Member
220 posts
Helper bee

Yes! Taxes are a lot in ny. Mine are 8,000 and I have a 3 bedroom ranch in ny. It is crazy, however, when you do buy you get money back when you do your taxes. So it really does make sense to buy rather than rent. Good luck!

Post # 5
Member
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

Ours are $7200/year, or $600/month. We also have one of the premier school systems in the country, and it’s cheaper than the private school tuition I was paying when we lived in a county with a lower tax rate. So to me, it’s money well spent. 🙂

Post # 6
Member
2195 posts
Buzzing bee
  • Wedding: June 2011

Ours is about $3200/year or $800 ish every 3 months. Very nice area in the country, good schools etc. Mortgage is around $300k …. Definitely factor taxes into your budget! 

Post # 7
Member
5219 posts
Bee Keeper

Ours will be $1800/year. We also live in a very affordable area of the country.

Post # 8
Member
5423 posts
Bee Keeper
  • Wedding: November 2012

$1900/yr. but we’re facing an increase. Originally, before we decided to look in the city we were facing 3500 in the burBs. 

Post # 9
Member
3885 posts
Honey bee
  • Wedding: September 2011

DC : $1600 on a house with ~$700k value ($240k on the mortgage but they tax you on the assessed value, not what you owe on it), however I bought when they were giving various exemptions to new homeowners. No tax on the first $85k value, and a tiered tax rate above that, plus they cannot raise property taxes more than 4% a year regardless of how much my home increases in value. One of the many, many reasons I chose to buy in DC instead of the suburbs. 

Post # 10
Member
8444 posts
Bumble Beekeeper
  • Wedding: April 2013

$1900 a year on a single family $150k house. 

Post # 11
Member
2370 posts
Buzzing bee
  • Wedding: County courthouse

My husband finished building our house last Aug. Last wk we got our property taxes and owe 1700.

Post # 12
Member
10603 posts
Sugar Beekeeper
  • Wedding: January 2011

@lovekiss:  Is that just municiple?

From what I’ve seen, taxes will be a bit under $3000 when we buy.

Post # 14
Member
4046 posts
Honey bee
  • Wedding: November 1999

about $5K on a $230K house. its just something you have to factor in, when you are purchasing a house.

Post # 15
Member
1762 posts
Buzzing bee
  • Wedding: August 2014

Our mortgage $475,000 and our taxes are $3500

Post # 16
Member
3885 posts
Honey bee
  • Wedding: September 2011

Factor in future tax increases. Even if your mortgage doesn’t go up, your taxes can, because taxes are based on the assessed value of the home, not the price you paid for it or how much you owe on it. Your actual mortgage doesn’t have anything to do with the taxes. You’ll still pay taxes once your mortgage is paid off.

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