Taxes - Fed/State/Property/Sales
01-12-2025 | 05:02 AM
#51
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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.
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.
That sounds like your property tax is around 2%?
Isn't that pretty high?
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01-12-2025 | 06:02 AM
#52
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El Paso is 3% so it depends when you live. key is to live in a no income state and live in Dump to beat Uncle Sam. If that’s what this discussion is about. Or be in the zero tax bracket, “tres comas” club
01-12-2025 | 06:08 AM
#53
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Joined: Nov 2017
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In Virginia it was around 1, but you also paid annual property tax on cars, trucks, boats, motorcycles, rvs, trailers, office equipment etc. So my property tax in VA ended up around 2.6% of my homes value per year, but it was on house, cars, motorcycles, etc. And the fanciest thing I own is my wife's Expedition. It's an XLT with leather seats. Not even a lariat, so it's not like I was *****in about taxes on a Land Rover or a Mercedes.
My pickup, granted it's a large F-450 Diesel Dually. I paid.$67k under Ford X-plan. 73k sticker. $5000 a year in personal property tax. Cloth seats. No carpet. Only options were towing related.
Im paying about $4k a year more in total prop tax in NJ, but went from a 1450sqft 3/2 on a 1/4 acre lot to 6200sqft on 3 acres with a 6 acre conservation lot between me and the pond.
NJ does not tax vehicles after sale.
01-12-2025 | 07:01 AM
#54
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01-12-2025 | 08:02 AM
#55
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My brother in law lives in a north suburb of Dallas. He's pushing $40k in tax on a 950k house, once MUD, ISD and all other taxes are included.
01-12-2025 | 08:06 AM
#56
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01-12-2025 | 08:46 AM
#57
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Texas average property tax is 1.6%
Tax foundation state map
But, yeah..... you're right it sucks. Don't move here, especially if you are senior to me!
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Tax foundation state map
But, yeah..... you're right it sucks. Don't move here, especially if you are senior to me!
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01-12-2025 | 09:21 AM
#58
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Joined: Nov 2017
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Texas average property tax is 1.6%
Tax foundation state map
But, yeah..... you're right it sucks. Don't move here, especially if you are senior to me!
.
Tax foundation state map
But, yeah..... you're right it sucks. Don't move here, especially if you are senior to me!
.
My tax rate is about 1.75% of my houses appraised value. But that's school, fire, county, local, every tax that is paid to the township/county/state other than income / sales taxes.
When I owned a house in Corpus Christi it was north of 2.5% with MUD and ISD taxes and I didn't live in a fancy part of town.
01-12-2025 | 11:26 AM
#60
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Joined: Sep 2016
Posts: 8,831
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it’s rather impossible to make a comparison from california to other states in terms of property tax because of the distortion caused by prop 13. you have $5m homes with property taxes lower than $300k starter homes.
Last edited by OOfff; 01-12-2025 at 12:11 PM.
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