Just piggybacking on the Rochester Hills/Chicago thread. I curious on what people pay in property taxes in different areas.
I'm in Southern California. I bought my house for $525K in 2009. The house is probably worth about $800K today. Last year I paid $6,700 in property taxes. Here, under our Prop 13 taxes (without any local assessments) are about 1.2-1.25% of the purchase price and they increase at 2%/year. So not based on the current value. And that's assuming that Prop 13 doesn't get voted out in the future.
Curious as to how this compares to what people pay in other places.
I'm in Southern California. I bought my house for $525K in 2009. The house is probably worth about $800K today. Last year I paid $6,700 in property taxes. Here, under our Prop 13 taxes (without any local assessments) are about 1.2-1.25% of the purchase price and they increase at 2%/year. So not based on the current value. And that's assuming that Prop 13 doesn't get voted out in the future.
Curious as to how this compares to what people pay in other places.
