Taxes - Fed/State/Property/Sales
01-12-2025 | 12:06 PM
#61
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Show that on a county by county average. Because there's a whole lot of rural counties with low rates, but they aren't where the majority of airline pilots are going to live.
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.
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.
You can contact tax foundation for more detailed breakdown than what they provided in that article, but you're right, Texas is terrible nobody else move here (especially those senior to me) !
I just looked at my recent total property tax bill and it's effectively 1% when you include everything.
The new(ish) laws and homestead increases helped knock them back down in recent years.
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01-12-2025 | 03:29 PM
#62
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how does this chart notmalize for progressive income taxes? Or how someone with a high property tax relative to income might change this?
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.
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.
01-12-2025 | 03:33 PM
#63
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how does this chart notmalize for progressive income taxes? Or how someone with a high property tax relative to income might change this?
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.
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.
01-12-2025 | 04:01 PM
#64
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01-12-2025 | 07:19 PM
#66
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01-12-2025 | 07:39 PM
#67
off weekends (if Reserve)
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Its nice when some states and municipalities don't raises taxes unabated as they do in the Northeast......but don't get to comfortable in Florida or Tennessee.........we humans we recreate what we flee......its in our nature no matter how irrational. (See don't make here there)
01-12-2025 | 07:49 PM
#68
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Joined: Nov 2017
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What year was this? As New Jersey is not below 6% unless your IGA'd <$75,000.
Its nice when some states and municipalities don't raises taxes unabated as they do in the Northeast......but don't get to comfortable in Florida or Tennessee.........we humans we recreate what we flee......its in our nature no matter how irrational. (See don't make here there)
Its nice when some states and municipalities don't raises taxes unabated as they do in the Northeast......but don't get to comfortable in Florida or Tennessee.........we humans we recreate what we flee......its in our nature no matter how irrational. (See don't make here there)
Effective tax rate is under 6.
Don't confused top marginal with Effective.
Married, no kids. Own house. Some disabled veteran exemptions.
Just did my full incom, no writeoffs. Off the NJ.gov form, works to 5.5%
Off form NJ-1040
Table B Married Couple
For line 41 taxable income 150-500k,
Tax owed is (Income * .0637 ) - 4042.5
Worst case, my whole W2 is taxable (it's not, I have deductions)
$477,600 * .0637 = $30,423.12
$30,423.12 - $4042.5 = $26,380.62
$26,380.62 ÷ $477,600 = 5.52%
Last edited by CX500T; 01-12-2025 at 08:02 PM.
01-12-2025 | 08:08 PM
#69
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Joined: Nov 2017
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Now for VA. Per the books, the forst $18k is tax free but they've been trying to impute disability as income, I'm currently fighting them on two years of this.
Tax = AGI -$18,000 * 5.85%
($477,600-$18,000)*.0585 = $26,886.60
that's 5.63% effective tax rate.
Tax = AGI -$18,000 * 5.85%
($477,600-$18,000)*.0585 = $26,886.60
that's 5.63% effective tax rate.
01-12-2025 | 08:14 PM
#70
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Joined: Nov 2017
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Now for VA. Per the books, the first $18k is tax free but they've been trying to impute disability as income, I'm currently fighting them on two years of this.
Tax = AGI -$18,000 * 5.85%
($477,600-$18,000)*.0585 = $26,886.60
that's 5.63% effective tax rate.
Tax = AGI -$18,000 * 5.85%
($477,600-$18,000)*.0585 = $26,886.60
that's 5.63% effective tax rate.
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