40 k a year in property taxes?

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Sylvia
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Sat May 12, 2007 5:22 pm

Someone on another forum was talking about possibly purchasing a home that had 40k worth of property taxes back east somewhere. Is that possible? Is it like that where any of you live?


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kashton
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Sat May 12, 2007 6:03 pm

I would think the house was a repo because of the taxes owed. I know in Calgary, they have auctions every year on places like that. You can buy the house for the amount of taxes owed or at least a portion of that. The government wants their money, and will sell your house for it!

If it is just a house that has taxes of that amount, I would assume it is a Mansion, and I hope they have alot of money.
Humanity is a parade of fools, and I'm at the front, twirling a baton!

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Harry
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Sat May 12, 2007 7:57 pm

Hi

My property tax works out to be $17.40 in tax per $1,000 of property value.

Harry
Aside from the roof leak, soft floors, rats, mice and bursted plumbing ........ how do you like it?

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kashton
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Sat May 12, 2007 9:18 pm

That is about what ours works out to as well!
Humanity is a parade of fools, and I'm at the front, twirling a baton!

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Sylvia
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Sun May 13, 2007 6:14 am

No, this is a regular McMansion type house not a mh. This woman posted on a different forum how she was prepared to plog down 850k for a house in NJ I think and the property taxes were about 40k per year. That's ALOT of taxes. Our house is appraised at 110k and assessed at 66k and our taxes will be about 900.00 per year.


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Yanita
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Sun May 13, 2007 8:25 pm

I would have to venture a guess that she put a decimal in the wrong place.

Although Jersey is expensive tax rates are public knowledge in most if not all areas.

~Yanita~
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Sylvia
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Mon May 14, 2007 6:52 am

No, I misread it's a 2 million dollar house, or almost 1,780,000. House price is as ridiculous as the taxes. When I asked her about it, or asked in general, she made a comment about me being a simple folk and not possibly understanding. I guess the rich are different, in a short bus and helmet kind of way. 8)

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Yanita
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Mon May 14, 2007 7:09 am

LOL, I like simple...it certainly keeps things easy and affordable! :D

~Yanita~
The difference between success and failure is who gives up first!

wes

Wed May 16, 2007 10:58 am

she must be a new money snob.

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