Tax Trim Notice
 

I received my tax trim notice yesterday and noticed my taxes are going down a few pennies for next year.

This is a foreign concept for someone who came from the northeast part of the US. :D

I was paying over $4400 a year for a postage stamp size condo in CT. I paid less than $1200 last year in taxes. Life is good in TV. :smiley:

I was wondering how much taxes people were paying before they moved to TV and what they are paying now!

Care to share?

Last house in New Jersey on a 60' X 100' lot was $9000 a year. After the Homestead kicks in next year on a comparable lot in C.C. Hills we should be about $800 to $1000 a year. Is that amazing or what?

Property taxes are one thing I will be looking closely at as they will be a major consideration in my golden years.

In suburban Chicago (Cook/Crook County) in 2013 I paid $2,625 for a 900 sq. ft. townhouse. Homes in Cook/Crook County get reassessed for property taxes every 3 years. Because of the housing bust, my taxes were reduced to a low of $1,516 for the past two years. A few days ago I received a notice from Cook/Crook County that my home has been reassessed. According to the local tax assessor, I can expect a property tax increase of between $250 and $300 next year as property values have increased over the past 3 years.

And some of my friends wonder why I want to eventually leave Chicagoland and head south? if I stay in this house in Chicagoland for another 10 years (not), I will be spending my golden years eating ramen noodles every night.

Villagers you have it made as far as property taxes go.

As a former Indiana Tax Assessor, I can share the following.....As long as the total assessed value of your county increases every year through new construction....your taxes should go down (or at least remain the same if the county is increasing their budgets). When the new building stops in a given taxing district (county) the taxes tend to increase every year. Just remember that while we are in the increasing assessed value stage in most of the Villages, it won't last forever. When there is no building/improving happening in a county, the taxes will generally go up each year as the budgets needs of the county increase. Enjoy it while it lasts!!

$7800 in O'Fallon, Illinois 😡 to $3200 in Kansas City 😳 to $1,500 here 😄; it just keeps getting better!

$19,000-Chester TWp NJ-house 4200 sq ft on 5 acres-that was in 95'

I don't know how recently you lived in O'Fallon, but according to an article published several months ago in the Alton Telegraph "According to the U.S. Census Bureau, the population in Illinois fell by 105,200 — meaning that many more moved out than new people moved in — between July 2014 and July 2015."

I may be the last person left in Illinois if I stay here another 9 years (and if that happens I will be a very unhappy camper) :grumpy:. There is even a Facebook page called "Illinois S____, Let's Move Out of State."

NJ has the highest % of any state in outbound migration--people are voting with feet & wallets

Moved out 2010; Illinois also has the reputation as one of the most litigious states; another reason we were happy to get out. That and living next to East St. Louis.......

CT voted the worst state to be retired in because of taxes.

They even consider your car as property and you taxed on that!

CT is a good state to be from! :D

I often wonder what the counties do with the windfall of taxes from TV. Let's assume 100 new homes close each month with an average of say $2000 in tax revenue. Please don't worry about the accuracy of my numbers it's just for illustration. So what does the county do with the extra $2,000,000 or so in revenue they get every year?

Good question. Didn't I read on TOTV that Sumter County was at one time one of the poorest counties in Florida? With another 3,000 homes to be eventually built in The Village of Fenney, that will add more money to Sumter County's coffers.

Well, they are going to be building a multimillion county offices building near the library in Pinellas......

Approximately $14,000/year on a (less than) quarter acre lot in Bethpage, LI, NY

Big difference to the $1,700 I will pay here!

And Nassau County says their broke ? [emoji35]