WuWei
312
No, it isn’t. Do you not understand the difference between being taken from and giving? You should have learned that pre-kinder.
Borgia
315
Pretty sure I’ve been deducting property taxes from my income for quite a while. You may want to get new people to do your taxes if they missed that simple deduction in the past.
LucyLou
317
His other sentence is wrong too. Of course one could and still can deduct state income taxes.
Borgia
319
True. I’m in Texas so that point was irrelevant to me.
NJBob
320
Nor does mine. Still we pay very high property tax but at least the schools are good.
That would greatly depend on what school district if you’re talking about NJ. But as long as somewhere around 80% of our property taxes go to schools, I don’t see any other choice.
I do think the property taxes are a bit overkill. I can afford a house almost twice the value of the one I currently own but I’m not paying 20-25k in property taxes. I’d be throwing money away.
You got yours. Screw the rest. We know.
NJBob
325
I live in North Edison and the schools are good. JP Steven HS is excellent.
I suppose you get what you pay for.
BTW I pay a bit under $14K for property taxes.
Safiel
326
I am paying roughly $3,500 on $250,000 in Pennsylvania.
I don’t know exactly what my new house will access at in North Carolina, but $400,000 would be the extreme high end estimate.
At $400,000, I would pay $3,000 a year. 
$300,000 to $350,000 is a more reasonable estimate.
At $300,000 I would pay $2,250.
At $350,000 I would pay $2,625.
My $250,000 PA house would be taxed at $1,875 in NC rather than $3,500 in PA.
And Wymoing County, Pennsylvania is lower than many PA counties.
An end to organized theft for some, good start.
Ceasar
328
I’m not for any property taxes. A sales tax ok at the time of sale is ok. I just don’t believe in the idea of a continual tax on your property, because it’s not really your property, you pay for it, but fail to pay the property tax, you will quickly find you are a renter.
1 Like
I live in Howell NJ and pay just under 7k. IMO that’s low for NJ. I live in a modest colonial with 3 beds and 1 1/2 baths around 1800 sq ft. The house can sell for a little over 300k. Yes I can buy a much nicer house and me and the wife have talked about it. We just don’t want to pay 10k and up. When I retire we’ll probably move out of state.
I agree with you. I’d be willing to compromise however. Like a property tax while you still have a mortgage. Or just a property tax on the land. What you put on that land doesn’t affect the cost. Because if you own a house but not the land you don’t pay property taxes. Either way, they’d still have to find a way to make up for the lost revenue. Shouldn’t be too difficult. They’re good at that.
While that would lower the tax paid, it wouldn’t eliminate the bad principal property taxes follow. You shouldn’t be taxed just for owning something. If you are then you really don’t own it.
Shift the funding of what property taxes pay for to a sales tax or a use tax of some sort and it’s fine. Anything but a “oh you own that? Well pay us money yearly or we’re going to take your property away from you” tax that it is now.
Axxowiz
332
There are a lot of these people here that actually were preparing like you did, most have retirement, ss or a pension. What they were not preparing for was the government coming around each year raising their property taxes each year.
People who paid $80,000 in the 90’s for their home, and then the city drives by each year raising their property taxes each year saying it’s worth 1.2 million in which they wouldn’t get a 1/4 of that if they sold. Those people are being forced out.
Property taxes are the worst taxes in existence. Because they’re not based on your income and your ability to pay.
They’re just based on what some bureaucrat thinks your property is worth.
So you never truly own your property.
Yearly property tax here in Nueces County is 2.8% That’s not a lot, especially after exemptions,
your property taxes wouldn’t be so high if you had a meaningful income tax.
