Quote:
Originally Posted by LeRoySmith
I can tell you from first hand experience that the cost of living and home ownership in East Tennessee is ridiculously low compared to Dallas or The Villages. Annual utilities and property taxes combined on a $400,000 house is less than $4,000.
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According to TN Comptroller Online info re property taxes indicate that property taxes for Maryville TN area are higher than your quote. Need lots more info to compare to Sumter County unincorporated, Wildwood etc. to your Maryville quote.
Your quote was $4,000 for $400,000 house assessed? or 4/400 or 1%.
For 2022, Maryville town property tax was quoted at 1.5% for City tax and 1.59 % for county for the assessed value. The total is 3.09%.
Now there are undefined tax forgiveness for retired people with income limits.
1. Are you referring to an unincorporated property outside Maryville city limits? County only tax is still 1.59%
2. What is the assessed value of your example property?
3. Does your example benefit from the retirement discount.
4. Utilities are not included in the numbers above. Typical values online suggest energy bill at $138 and water at $43 per month for about $180 per month > $2000 per year.
Your quote of $4000 for property tax and utilities seems much too low.