Property Tax Rate in Hawaii is only 0.27% of home value! We should all move there

[^_^ 5,021]

Source: http://taxfoundation.org/article/property-taxes-owner-occupied-housing-percentage-median-home-value-state-calendar-year-2010

[Mr. Big Dog 10,747]

When you look at total tax burden, HI doesn't look so good.

[^_^ 5,021]

When you look at total tax burden, HI doesn't look so good.

I still wonder at the huge disparity in property tax rates across America.

From 0.27% to 2%! That's quite a range.

[Mr. Big Dog 10,747]

I still wonder at the huge disparity in property tax rates across America.

From 0.27% to 2%! That's quite a range.

It is. We're smack in the middle on that one down here but then we don't have an income tax and sales taxes are reasonable w/ food being exempt entirely. I remember paying the same sales tax in OH on top of state and local income taxes and then you still pay higher property taxes there. I guess tourism still fills the state coffers around here so you guys keep on coming down here.

[^_^ 5,021]

It is. We're smack in the middle on that one down here but then we don't have an income tax and sales taxes are reasonable w/ food being exempt entirely. I remember paying the same sales tax in OH on top of state and local income taxes and then you still pay higher property taxes there. I guess tourism still fills the state coffers around here so you guys keep on coming down here.

On one hand, I'm awed at the huge disparity. Hawaii has one eight the rate of New Jersey!

On the other hand, I am pleased that even at worst, it's just 2%. There is no state where the median property tax rate is crazy like 5% or 10% (gasp) of home value.

That is the silver lining.

[mawilson 2,133]

From 0.27% to 2%! That's quite a range.

From 0.27% to 10%!

rocks pays 10% of her home value!

[^_^ 5,021]

From 0.27% to 10%!

rocks pays 10% of her home value!

I didn't see that thread before, but I just did. It seems to me that she misspoke. She probably meant 10% of her monthly payment is taxes. That is believable.

[mawilson 2,133]

I didn't see that thread before, but I just did. It seems to me that she misspoke. She probably meant 10% of her monthly payment is taxes. That is believable.

No, I asked and she said "home value" right here.

[^_^ 5,021]

No, I asked and she said "home value" right here.

We all have brain farts. Cut the lady a break.

[mawilson 2,133]

We all have brain farts. Cut the lady a break.

No.

[^_^ 5,021]

Ok, enough of that tangent.

This thread is about the wide disparity in property tax rates across the country.

[Mr. Big Dog 10,747]

No, I asked and she said "home value" right here.

Now that's funny. 10%

[I AM NOT THAT GUY 5,715]

California's rate is misleading. The tax rate is set at 1% of the purchase price, or the assessed value, whichever is lower, with the purchase price figure allowed to be adjusted upward toward the assessed value each year. However, most of the tax bills now contains direct fees and charges that are being used to get around the Prop 13 tax rate of 1%. Most homeowners now pay more in these "special fees" that can be assessed in special tax districts that are created by a simple majority of the voters. Too many of these district taxes are just slush funds for local liberal causes. Keeping these folks in beer and pizza money has resulted in more gerrymandering and outright voter fraud, than any Presidential or Congressioal election ever did.

Edited August 1, 2012 by The Patriot

[^_^ 5,021]

California's rate is misleading. The tax rate is set at 1% of the purchase price, or the assessed value, whichever is lower, with the purchase price figure allowed to be adjusted upward toward the assessed value each year. However, most of the tax bills now contains direct fees and charges that are being used to get around the Prop 13 tax rate of 1%. Most homeowners now pay more in these "special fees" the can be assessed in special tax districts that are created by a simple majority of the voters. Too many of these district taxes are just slush funds for local liberal causes. Keeping these folks in beer and pizza money has resulted in more gerrymandering and outright voter fraud, than any Presidential or Congressioal election ever did.

What would you estimate the 'real' median rate is as a percentage of purchase price?

[mawilson 2,133]

Ok, enough of that tangent.

This thread is about the wide disparity in property tax rates across the country.

I just wanted to show you how wide the disparity really was. It's 10% in Mississippi, one of the poorest states in the Union.

Thank God it's not 10% in New York or New Jersey yet, but that's where we're headed, no doubt.