Originally Posted by
CX500T
And some states you think would be cheaper, aren't.
Move from VA to NJ.
My property tax, on my house went up. That's it. Everything else went down.
Income tax, effective rate lower (not by much, but 5.6% vs 5.85%)
Property tax on the house, about double as a percentage. ($6k on a house that I sold for $600k, NJ $20k on a $1.1M house)
Not paying $10,000 in taxes on vehicles I already paid tax on when I bought them. City of VA Beach was getting $5000 for my pickup, $2800 for my wife's Expedition, $1100 for my airport beater (25 year old pickup), $1500 for my camper, $300 for one motorcycle, $400 for another motorcyle.
I'm actually paying about $1145 a year less in taxes, in total here in NJ. But I have a much larger, much nicer house, on 9 acres vs my 1400sqft 3/2 brick ranch on 1/4 acre.
If I had gotten a comparable house, it would have been far cheaper.
And yeah, TX really gets you on property taxes. I've had more than a few friends/relative go there, buy something, then start freaking out because the ISD, MUD and other taxes go up as neighborhoods get built out.
yeah people tend to point to state income tax as the be all end all. It gets complicated when you start trying to figure out your total tax burden. The state will get their pound of flesh,
however I can guarantee you that ones yearly difference will be entirely covered by a last minute 2 day captain GS which one will be able to do because they’re not a commuter and are living in a “high tax” domicile and can drive a couple hours to work.