S/O to Irene's confession - property taxes

mrs.spunky1508 · September 2009

Check this out: http://snipurl.com/s8o2p

30may09bride · September 2009

Interesting.... DH and I are attempting to move to Hunterdon County and I was blown away by how high property taxes were, and it is interesting to see that they are the #3.

cknud112 · September 2009

http://snipurl.com/s8o2p

mbcdefg · September 2009

This hurts my heart.

mrs.spunky1508 · September 2009

Thank you for the clicky, cknud!

mrs.spunky1508 · September 2009

You could always move to Cumberland County, #97 on the list

cknud112 · September 2009

You're welcome. This hurts me too since we are currently residing in Westchester and have been considering buying there. Yikes. Might have to reconsider.

I <3 Seabass · September 2009

As nauseating as it is to see my county near the top of that list, when I scroll down to the bottom and see that in Apache County Arizona the median combined income for a household is $24,387 it makes me feel better. I mean housing may be cheaper there but a luxury car, designer clothing, gourmet meals, etc are still going to cost about the same. So while you may get an upgrade in your living conditions you may have to adjust the rest of your lifestyle, so it all balances out.

cknud112 · September 2009

That is very true, Seabass... it's all relative.

ffbride_0813 · September 2009

I am at 1.9% of my home value according to this. I looked up my brother in Utah. He is at .009%. He is also at 2.97% as percent of income and I am at 8.7%. That is crazy. I need to move.

mrs.spunky1508 · September 2009

Yes the property taxes as a function of income is interesting. My county is 27th or 6.1% (and 24th overall). The median income compared to our household income is comparable, yet our property taxes are $9300 compared to the county average of $5490. Typing that out makes me think YIKES!

Danes983 · September 2009

I would like to throw up and move out of new jersey.

uppereastgirl · September 2009

Interesting that NY County is 43-- finally something we aren't disgustingly high on! Except that the average home price is $873,000 and the average homeowner makes $150,000 a year. (Also, city income taxes probably more than make up for the difference)

cknud112 · September 2009

uppereast... definitely on the city tax. plus, it's apples and oranges to compare nyc b/c of property/space/maintenance fees, etc. just a different animal.

uppereastgirl · September 2009

I forgot about maintenance fees (I think because I've resigned myself to thinking that even though we're a lawyer/accountant couple so in theory we should be financially comfortable, it will be about 100 years before we can afford an apartment we'd actually want to live in/stomach buying so little for so much.)

USER876 · September 2009

Yeah, these charts make you realize that the prices can go no where but down. You see average home prices that are WAY higher than the average salaries of the people living there can afford......so in order to sell property in a given town, richer people need to move in,and once those people run scarce, the rest of the area won't be able to afford those prices making those salaries. I think in Alpine I saw the average home price was 2-5 million but the average household salary was only like 200K....no way! Most people in a given area have been there a long time and bought in before prices really rocketed.

hollyberry88 · September 2009

ha! Hunterdon County is, once again, NJ's highest taxed county :-) But I can say from experience (since I grew up there) that the school districts in hunterdon are very good.

simplycee · September 2009

My daughter and her fiance just contracted to buy a house in Union Cty, NC, which is ranked 473 on this list. And yes, salaries are lower there, but considering their 1800 sq foot, 3 BR home is costing $150,000, with annual property taxes of $1200, earning $35,000 as a 2nd year elementary teacher puts her in a much better financial position than if she lived in Jersey.I've been out of work for 11 months, and if I don't find a job soon, I'm very seriously thinking of selling my house (sadly, at a loss) and moving down there.