In some Northeastern states, like New Jersey, property taxes are acknowledged to be high by the state government. When completing state taxes, you are allowed to assume 10% of your rent is for property taxes and deduct it.
On Sun, May 13, 2012 at 1:48 PM, Brian Toscano <brian.tosc...@gmail.com>wrote: > 1.4% does not seem bad considering there is no tax on income and no sales > tax on groceries. > > On Sun, May 13, 2012 at 12:31 PM, Dan Penoff <lwb...@yahoo.com> wrote: > >> The property taxes down here are under control. As Indiana did recently, >> property taxes are now capped to a percentage of the property's assessed >> (not market) value. That being said, the assessments are pretty close to >> spot-on, even with the changes in the economic situation over the last few >> years. >> >> On a house assessed at $155,000 (market is around $200k) with a $50,000 >> homestead exemption, property taxes for 2011 were a little over $2,800. >> Considering what I have paid in other states, I consider this reasonable. >> This includes city services such as twice weekly trash pickup, I might add. >> >> The big problem was when the housing bubble was in place, and people were >> buying houses which would then automatically reassess due to the change in >> ownership. The taxes would then skyrocket from the previous owner, >> sometimes making the house difficult, if not impossible, to afford. >> >> Our previous house in this area was assessed at around $200k when we sold >> in 2008, and at that time the taxes were well over $3,000. >> >> Dan >> >> >> On May 13, 2012, at 2:19 PM, Brian Toscano wrote: >> >> > Florida also doesn't have a state income tax, but does have relatively >> high >> > property tax and home owner's insurance rates (home insurance rates >> higher >> > than property taxes are not uncommon). >> > >> > >> > On Sun, May 13, 2012 at 11:57 AM, Dan Penoff <lwb...@yahoo.com> wrote: >> > >> >> Florida only taxes prepared food, such as you might get at a >> restaurant, >> >> not unprepared food that you would typically buy at a grocery store. >> >> >> >> Dan >> >> >> >> On May 13, 2012, at 1:44 PM, Brian Toscano wrote: >> >> >> >>> Some states tax all groceries, while others only heated/cooked foot. >> >>> >> >>> It has been so long since I've lived in the Northeast that I cannot >> >> recall >> >>> if they tax heated/cooked food. >> >>> >> >>> Grocery taxes are relatively common in the Southeast, though in the >> past >> >>> few years some states have reduced them. In the Southeast where >> >>> city/county sales taxes are somewhat common, the rationale has been to >> >>> eliminate/reduce the state tax but keep the city/county sales tax >> intact. >> >>> For example, TN sales tax on food is roughly 8% (5.5% state + >> 2.25-2.75% >> >>> county where the normal rate is 9.25-9.75% (7% state + 2.25-2.75% >> >> county). >> >>> In MS groceries are taxed at the state rate of 7%. In VA 2.5% (1.5% >> >> state >> >>> + 1% local) where the normal rate is 5% (4% state + 1% local). NC is >> >>> 2.5-4.5% (normal rate is up around 8.25% including city/county taxes). >> >> GA >> >>> doesn't tax groceries. I'm sure other states tax groceries as well. >> >>> >> >>> >> >>> On Sun, May 13, 2012 at 11:06 AM, Allan Streib <str...@cs.indiana.edu >> >>> wrote: >> >>> >> >>>> Brian Toscano <brian.tosc...@gmail.com> writes: >> >>>> >> >>>>> Tax wise, the Northeast is VERY HIGH particularly when it comes to >> >>>> property >> >>>>> taxes. At the same time, there is no sales tax on groceries, and >> >> may/may >> >>>>> not tax clothes. NY/CT fuel taxes are VERY HIGH. >> >>>> >> >>>> Sales tax on groceries (I assume you mean food items excluding >> "ready to >> >>>> eat" prepared food) is pretty rare isn't it? We don't have it in >> >>>> Indiana. >> >>>> >> >>>> Allan >> >>>> >> >>>> -- >> >>>> 1983 300D >> >>>> 1979 300SD >> >>>> >> >>>> _______________________________________ >> >>>> http://www.okiebenz.com >> >>>> For new and used parts go to www.okiebenz.com >> >>>> To search list archives http://www.okiebenz.com/archive/ >> >>>> >> >>>> To Unsubscribe or change delivery options go to: >> >>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >>>> >> >>> _______________________________________ >> >>> http://www.okiebenz.com >> >>> For new and used parts go to www.okiebenz.com >> >>> To search list archives http://www.okiebenz.com/archive/ >> >>> >> >>> To Unsubscribe or change delivery options go to: >> >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> >> >> >> >> _______________________________________ >> >> http://www.okiebenz.com >> >> For new and used parts go to www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> >> >> To Unsubscribe or change delivery options go to: >> >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> >> > _______________________________________ >> > http://www.okiebenz.com >> > For new and used parts go to www.okiebenz.com >> > To search list archives http://www.okiebenz.com/archive/ >> > >> > To Unsubscribe or change delivery options go to: >> > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> >> _______________________________________ >> http://www.okiebenz.com >> For new and used parts go to www.okiebenz.com >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > > _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
