In NJ, the cities determine the tax burden ... his house was about $300K when he sold it ... my house's taxes are based on the last time they assessed the property, so for the $68K structure, based on the twisted formula they use ... building and land are different (current price for my house would be about $250K, I pay $8K per year ... the concept is that we are paying 75% for the schools, but the money goes to the state and is then spent how THEY determine it should be spent ... so, in effect my taxes pay for the charter schools that get 3 or 4 times what my local kids get!!! I never had kids, but I always thought that since we use property taxes to pay for schools, it should be directly spent where I live!!!
On Sat, Feb 18, 2017 at 5:36 PM, 'Perplexed' via PoliticalForum < [email protected]> wrote: > > So the property tax rate varies widely by county or city too? > > Out of curiosity, what value was your friend's home that had to pay > $15K/year? That would be about a $2+ million dollar home here (with the > homestead credits). > > On Saturday, February 18, 2017 at 5:08:11 PM UTC-5, brine wrote: >> >> We only have a State sales tax, which is 7% but less u=in "Urban Economic >> Zones" ... failing cities like Newark and Camden ... When they put in the >> sales tax, while I was living in NY, it was supposed to help pay for >> schools and lower property taxes, just like the lottery and Casino gambling >> ... somehow they have always fallen short of the amazing savings we would >> get for paying more!!! I have lived in my house for 22 years now >> ...property taxes have gone up 400% in that time ... amazingly enough, my >> town is one of the least expensive to live in based on property taxes ... a >> co-worker of mine had to sell his house and move to a different town >> because they upped his taxes to $15K and could not afford to live there >> anymore!!! >> >> >> On Sat, Feb 18, 2017 at 3:27 PM, 'Perplexed' via PoliticalForum < >> [email protected]> wrote: >> >>> >>> I've talked with people from NJ before and was astonished at your >>> property taxes. >>> >>> But if that is ALL you pay (the article says there are no county or >>> local sales or income taxes), it depends on what your state charges for >>> sales and income taxes if you want to compare NJ to different states. >>> >>> I live in Indiana and for owner-occupied homes, our property taxes are >>> capped at 1% of market value (after generous deductions are applied); the >>> average actual rate paid is 0.88%. Our state income tax rate is 3.23%. >>> Counties are allowed to charge additional income taxes; most are <2% but a >>> couple are 3% (up by Chicago). The state sales tax rate is 7% and counties, >>> localities can't add to this, but they can add a restaurant tax (1% for >>> every county that does this except for one county that charges 2%) for >>> food/beverages and a lodging tax too. >>> >>> Then they charge excise taxes for cars - 1.25% on depreciated car value >>> with a minimum of $12. >>> >>> So needless to say, our taxes are pretty low. >>> >>> >>> >>> >>> >>> On Saturday, February 18, 2017 at 10:04:51 AM UTC-5, brine wrote: >>>> >>>> ... just some data on my State, how does your State and taxes compare??? >>>> >>>> http://www.nj.com/politics/index.ssf/2017/02/7_reasons_why_ >>>> njs_property_taxes_are_highest_in_us.html#incart_river_home >>>> >>>> -- >>>> brine >>>> http://brineb.blogspot.com/ >>>> >>> -- >>> -- >>> Thanks for being part of "PoliticalForum" at Google Groups. >>> For options & help see http://groups.google.com/group/PoliticalForum >>> >>> * Visit our other community at http://www.PoliticalForum.com/ >>> * It's active and moderated. Register and vote in our polls. >>> * Read the latest breaking news, and more. >>> --- >>> You received this message because you are subscribed to the Google >>> Groups "PoliticalForum" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> For more options, visit https://groups.google.com/d/optout. >>> >> >> >> >> -- >> brine >> http://brineb.blogspot.com/ >> > -- > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at http://www.PoliticalForum.com/ > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. > --- > You received this message because you are subscribed to the Google Groups > "PoliticalForum" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- brine http://brineb.blogspot.com/ -- -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. --- You received this message because you are subscribed to the Google Groups "PoliticalForum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
