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

[^_^ 5,021]

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.

I'd end up renting if my taxes went up to 30K/year

[I AM NOT THAT GUY 5,715]

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

Probably around 2-3%.

ETA: Maybe lower since the real estate crash. Many homes are now selling well below the purchase price, if you bought them initially in decade or so before the crash.

Edited August 1, 2012 by The Patriot

[Danno 1,228]

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

The problem with NJ is everything is expensive and every time you turn around they are raising the fees.

Seems like there was one area that was reasonable but I can't recall what it was.

[^_^ 5,021]

Probably around 2-3%.

So a little higher than Jersey. Which would put Cali back at #1 where it rightfully belongs

The problem with NJ is everything is expensive and every time you turn around they are raising the fees.

Which fees?

[I AM NOT THAT GUY 5,715]

Wow! Texas is up their with N.J. That kinda jives with what my Texas friends have been telling me.

[Danno 1,228]

So a little higher than Jersey. Which would put Cali back at #1 where it rightfully belongs

Which fees?

Insurance for one, Driver license, fishing license. Registration.

A building permit is unreal.

You get a 50. ticket and the court costs were like 4 times that.

What is the cost for inspection there? Oddly they have their own inspection stations run by the state.

[^_^ 5,021]

Wow! Texas is up their with N.J. That kinda jives with what my Texas friends have been telling me.

Except the home values in TX are way lower so the actual dollar amounts you pay in taxes are less on a comparable property.

Of course, people who move to TX from NJ don't buy comparable properties... they upgrade. They upgrade BIG. And end up paying what they paid here plus higher A/C costs but they have a huge kitchen no one wants to cook in.

Insurance for one, Driver license, fishing license. Registration.

A building permit is unreal.

You get a 50. ticket and the court costs were like 4 times that.

What is the cost for inspection there? Oddly they have their own inspection stations run by the state.

Inspection is free if you go to a state run inspection station.

[Danno 1,228]

Except the home values in TX are way lower so the actual dollar amounts you pay in taxes are less on a comparable property.

Of course, people who move to TX from NJ don't buy comparable properties... they upgrade. They upgrade BIG. And end up paying what they paid here plus higher A/C costs but they have a huge kitchen no one wants to cook in.

Inspection is free if you go to a state run inspection station.

Okay, that was the one advantage!

Here it's like 20 bucks and if your windows are tinted they get you for a "test" feee to check the darkness.

Also here you pay property tax on vehicles which I don't think NJ does?

[^_^ 5,021]

Okay, that was the one advantage!

Here it's like 20 bucks and if your windows are tinted they get you for a "test" feee to check the darkness.

Also here you pay property tax on vehicles which I don't think NJ does?

Correct, no property tax on cars or toasters.

[Mr. Big Dog 10,747]

Vehicle inspections? They don't do that down here at all though sometimes I think they should...

[^_^ 5,021]

Vehicle inspections? They don't do that down here at all though sometimes I think they should...

Well, this isn't a partisan thread so I'm going to refrain from telling you why you think they should......................

[Teddy B 17,252]

I heard that property values in Jersey have skyrocketed since this band of geniuses hit the scene.

[Mr. Big Dog 10,747]

Well, this isn't a partisan thread so I'm going to refrain from telling you why you think they should....

Is public safety a partisan issue now? Think we can agree that there are vehicles on the road that have no business on the road.

[catknit 144]

Does any other state have non-housing property tax other than VA? Our overall rate for housing is low but we pay property taxes on cars/trucks/boats/etc every year too.

[^_^ 5,021]

Does any other state have non-housing property tax other than VA? Our overall rate for housing is low but we pay property taxes on cars/trucks/boats/etc every year too.

nc taxes cars. see danno's posts above.