Wow, that's horrible. A $250K home here would pay about $2K/year in property taxes. And yeah, it goes to the state and then to schools - including all the FAILING public ones. I have paid property taxes here for decades and only had kids in public schools for a few years. Then I moved them to a private school and spent $250K on tuition. That's messed up. Money should follow the CHILD. I should be able to spend my money where MY kids go to school - not where other people's kids go to school PLUS where mine go to school.
On Saturday, February 18, 2017 at 6:11:11 PM UTC-5, brine wrote: > > 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] <javascript:>> 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] <javascript:>. >> 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.
