Sometimes it sucks to be a homeownercel

[FrankGrimesJr]

I just got hit with a $12k supplemental property tax bill for my house I bought last year. Combined with the regular property tax bill coming in Oct for $14k, I will be paying $26k this year in property taxes.

[Swaggod9k]

Why did you get the supplemental tax bill?

[GriecoR]

Where do you live that your taxes are 12k? You would need to own a $2 million+ house you pay those rates here. And that would be in a large city urban center.

Edit: 14k?

[DrumsNotDead]

It's just one time when you move though right since the value of the property changed over time?

[ymer]

fkn thief scumbags

[OffwhiteBrah]

sounds like you live on Long island

[FrankGrimesJr]

Why did you get the supplemental tax bill?

I bought my house last year and last year I paid the property tax based the assessed value before the sale. It's normal for the county to play catch up and send a supplemental bill a later date.

The previous owner had a very low property tax bill because of Prop 13 and they owned the house since the 60's.

[FrankGrimesJr]

Where do you live that your taxes are 12k? You would need to own a $2 million+ house you pay those rates here. And that would be in a large city urban center.

Edit: 14k?

I paid $1.1 million. Property tax is 1% of the value assessed by the county plus other miscellaneous fees.

[GriecoR]

I paid $1.1 million. Property tax is 1% of the value assessed by the county plus other miscellaneous fees.

Yeah the common rates here are between 0.8-1.2% but the assessed home value is usually lower than the sale price. Taxes are based on the assessed value. So I'm building a house that would sell for 1.2-1.3 but the government assesses the value to be 700k. So I end paying around 7k in taxes.

Your taxes are scary.

[Leonydus]

makes ya really question if you actually own the home, or just renting it from the gov

[FrankGrimesJr]

Yeah the common rates here are between 0.8-1.2% but the assessed home value is usually lower than the sale price. Taxes are based on the assessed value. So I'm building a house that would sell for 1.2-1.3 but the government assesses the value to be 700k. So I end paying around 7k in taxes.

Your taxes are scary.

We generally get assessed the straight sale price. However it appraised for $1.25 million when I was buying it last year.

Then the assessed value goes up 1% every year. That's why someone who bought a house for $20k like 50 years ago pays less than $1000 a year for property tax now.

When the parents pass on the house to their kids, they continue to pay the very low property tax bill.

[Jms89]

Lol wot. Rural living ftw man.

[guest89]

What city/state? Those property taxes sound like a lot of its over a million dollar home brah. What are you expecting?


The alternative is move somewhere with decent property tax rates. Spend 300-500k on a 4 bedroom 3 bath home that's 2200-2300ish square foot.



If your buying a million dollar home I assume your the top 1% in your city/state income wise... Or you live in an over-priced area where a 1 million dollar home is the normal.

[FrankGrimesJr]

What city/state? Those property taxes sound like a lot of its over a million dollar home brah. What are you expecting?


The alternative is move somewhere with decent property tax rates. Spend 300-500k on a 4 bedroom 3 bath home that's 2200-2300ish square foot.



If your buying a million dollar home I assume your the top 1% in your city/state income wise... Or you live in an over-priced area where a 1 million dollar home is the normal.

San Francisco Bay Area

I'm not surprised. I actually expected to get the supplemental bill a lot sooner. But they sent it a year over I bought the house. Even though I expected it, it still hurts when I actually received it.

I could have bought a $400k 3000 sqft McMansion going east towards the central valley but its hot and the commute that far really sucks.

[Polaris]

Well the good news is, a good portion of that money can be used to fund CRT curriculum in your school district.

[guest89]

San Francisco Bay Area

I'm not surprised. I actually expected to get the supplemental bill a lot sooner. But they sent it a year over I bought the house. Even though I expected it, it still hurts when I actually received it.

I could have bought a $400k 3000 sqft McMansion in the central valley but its hot and the commute that far really sucks.

Crazy brah. I'd have never pulled the trigger on a home in the Bay area.

If I lived/worked there I'd live as cheap as humanly possible and bank money for 5-10 years then retire/semi-retire to a lower COL area.

[Retoaded]

On the bright side, think about how many free heroin needles the City can buy for the homeless!

[300Lane1]

Buys a million dollar house and then complains about a 12k supplemental tax bill. Keep wearing your masks over there in the gaybay bruh!

[OT2000]

What do you expect living in San Franlibzoo, Commiefornia?

[eXistenceLies]

I pay around 3% I think. 2020 I paid $11k in property taxes on a $330k home.

[HayZues Christi]

Taxes are 10k on 250k houses in Illinois.

[DivineMasculine]

Just lol at owning a million dollar house just to flex on your neighbors.

Just lol at being an insecurecel

[lsiberian]

Can always try selling. With rates so low you probably get a great deal.

[bluebeltATT]

Florida brah checking in , last year i paid approx. $2500 in property taxes


paid $125k in 2016 when the market was still low/upswing on a 3/2/1 1808 sq/ft pool & screen enclosure house


antoniobanderasoof.jpg

[OT2000]

Taxes are 10k on 250k houses in Illinois.

Wow that’s pretty fuked up. More than mine at a 1/4 value.

[Retoaded]

SC, $450k-$500k house, $3k property taxes

[soaponarope1]

lmfao. to get $12k property tax bill here I'd need a $4.12 million dollar home. good luck with your poverty goals of 2021.

[FrankGrimesJr]

Crazy brah. I'd have never pulled the trigger on a home in the Bay area.

If I lived/worked there I'd live as cheap as humanly possible and bank money for 5-10 years then retire/semi-retire to a lower COL area.

I waited on the side lines for prices to go down since 2015 only to see them keep going up.

Last year when the coronavirus was just starting, the real estate market was uncertain and I saw owners taking their homes back off the market or lower the price to make a quick sale thinking the prices were going to drop even more later on. I thought about how the analysts were always wrong so I went with my gut. April 2020 the owner already dropped the price by $50k after the house sat a month on the market. Then my offer was another $50k lower than their lowered asking and they accepted. A month later the market went crazy. I found out the previous owners were pissed at their agent for pushing them to make the quick sale.

[FrankGrimesJr]

I pay around 3% I think. 2020 I paid $11k in property taxes on a $330k home.

Is that Texas?

[FrankGrimesJr]

Just lol at owning a million dollar house just to flex on your neighbors.

Just lol at being an insecurecel

If I was flexing I would own a $2 million house. $2-3 million seems to be the price range for rich $10k/day CEOs and $300k Google / ******** workers.