10 Highest Property Taxed States
HTML-код
- Опубликовано: 23 авг 2024
- Top 10 Highest Property Taxed States
If you haven’t subscribed, go ahead, it’s free. Free things are good.
Do you know what never falls into the free category? Property Tax. There are states with no income tax, others with no sales tax, but unfortunately, there's no such thing as a state with no property tax.
But some states are reasonable and other states sort of gouge you. That’s is what we are looking at today. States that stick it to you on property tax.
Almost 70% of Americans own at least one house. If you are a renter rest assured your landlord has you paying at least a portion of the property tax. This video is based on the US Census data from 2020.
The average American homeowner pays a little under $2500 a year.
In this video, we will show you what you would pay annually for a home if it was $217k which is the median home value nationally, and what the median for that state is.
Property taxes are always a point of frustration for homeowners. Real Estate isn't cheap already, then you get hit with the property tax.
🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹
🔶My Other Channels:
🟥 On This Day
/ @abouttoday
🟥 According To Briggs
/ @shorts2briggs
Our website:
www.worldaccor...
Audible Free Trial by Amazon:
amzn.to/3DeElv8
(Affiliate Link) I get a small payment for people that sign up. It is the only thing I promote because I use it and think other people should too.
The camera I use and you should too if you have kids, grandkids, pets, you like to hike, or do anything else that includes moving and filming: amzn.to/3gSVT7x
It is small and easy to use.
#UnitedStates
#PropertyTax
❤Things You should watch or listen to:
Hermens Outdoors:
/ @willyfish
Caffeinated Humor Podcast:
podcasts.apple...
Kimmie the Explorer:
/ @kimmitheexplorer7473
Business & Voice over email: World2Briggs@gmail.com
Mailing Address: World According to Briggs
20449 SW Tualatin Valley Hwy
354
Aloha, Oregon 97003
I lived in TX for 5 years. Yes, no income tax but my property tax & insurance were outrageous!!!
Thanks for the info
Texas sales tax is very high also. They have to get the money from some where while pitching that there is no state income tax. 😂
@@codecaine i remember we went to buy a 12 pack of bud light at a random gas station .. $35 lol
FL IS BAD ALSO
Glad to be out of Texas. BS to use actual comps to protest after 4+ years of a nonsensical market bubble. All the comps have their values affected by the same silly price problem.
Pathetically the population accepts this quietly. You should pay taxes on your earnings, not on the purchases or your primary family home period!
I would rather pay 4-5% State income taxes and very little property taxes.
Do the math and it will make sense with an exception if you make lots of money and live in a shack.
My old Texas home tripled its value, and what use to cost $8k turned into $25K in property taxes, and income remained basically the same. Might as well rent an apartment and have no insurance to pay, repairs, yard, or pool to worry about. As you age, your income decreases and so your State taxes, but that does not work for home assessment values.
The Counties are probably parting every weekend with nice meals, wines, and champagne every time banks drop their loan rates and people get the itch to move.
It's so messed up. The state puts a lien (claim) on your home so that if you don't pay property tax you forfeit your home to the state. Private property does NOT exist in the United States anymore. You're just renting it off the state and can never truly own it.
anymore? It never did then. Property tax is thousands of years old.
@@stephenharper6638 Yep. Libertarians pine for a lost Eden that never was.
You don't forfeit the home so much as you are forced to sell it. If you owe $3,000 in property taxes and don't pay, then the government will auction off the property. Out of the auction proceeds they will then take out their taxes owed and then if it transfers the remainder of the bid price will go to you. (That process is going to vary from state to state - here in SC you will get 1 year from the date of auction to redeem the property and maintain ownership).
Now granted, if a home worth $250,000 sells for $40,000 at auction then you aren't going to be happy with your $37,000 "profit" on the sale, but the state has bills to pay and the money has to come from somewhere. Schools, police, fire departments, etc are all funded through property taxes.
If you can't afford the tax on a property my advice would be to sell it retail BEFORE you fall behind on the taxes.
Bingo!
@@neilis2405 So when do city employees take pay cuts and have layoffs?
We need the top ten least expensive property states to follow this one.
@Nicholas Stef Not Iowa...
I'm sure he already made it lol
@Nicholas Stef the south is real cheap your just more likely to wind up with extra holes
I was asking for that in one or two of the other vids.. I imagine we will get it soon
You know our man Briggs has it coming
Yup, Texas...we recently moved from there in large part because of taxes. Everyone talks about how Texas doesn't have an income tax. That's great if you're a high wage earner. But, in retirement, when you have a low income and assets from a lifetime of working you get killed. Our house on one acre in a subdivision was paid for and we were paying $1,000 a month between insurance and property tax, for something we owned outright. We retired and moved. Bought 60 acres in Northern Idaho and pay under $1000 a year for it. Granted, there is no house yet but even then 59 of the acres will be in forestry which, believe it or not, will lower the taxes on those acres to about $250 a year.
Thanks for that info.
Stop bragging about Idaho. You’re going to ruin the state at this rate.
Glad you posted on here. I am a Native Texan and property taxes are through the roof. I inherited my family home place in 2018. It costs me 3.5 times per year what my parents paid for it. 48% of my gross income go to property taxes.
I guess they make up for having no income tax somewhere and it is that property tax bill.
How much did you pay for said acreage? My COL has doubled since moving to Idaho from Texas. Looking to move back. PS compare schools. You get what you pay for somewhat. Idaho pays low and offers less. But if schools don't matter then that's not a thing, but look at what the schools are putting out. Also roads. But it still sucks I know.
Ok I wanna see a top 10 of Brigg's favourite places to visit!
In Galveston Texas I paid 2.01 percent property tax. For many reasons I could no longer survive there. I live in expensive seattle on a social security check which I could never do in Texas. Lots of hidden costs in texas.
Most people forget ( or conveniently ignore) that all states survive on tax revenue. It just depends on what “ tax” affects you the most. Unfortunately property taxes are going to be there unless you are living in a tent. States without income tax make it up in many ways,
@@arthurbrumagem3844 true! Texas has no income tax but they made it up with higher sale and property taxes.
I live in Orange County, California. I bought my home 23 years ago and paid $750,000 for it. Today, it is worth approximately $2.7 Million. For the coming year, my property taxes WILL be $11,789 FOR THE ENTIRE YEAR!
I just filed my 2021 Tax Returns. On approximately $227,000 of California Adjusted Gross Income, our California Income Taxes were approximately $11,000.
Not bad compared to other states. So, all of the Republicans should stop bashing California for being a high cost state. It is not as bad as the Republican Neanderthals (please forgive the redundancy!) make it out to be.
Don Wise
In the OC and sitting on $2.0 Million of equity in my house.
@@donwise8767 I am surpised I will admit. I think it's the taxes on businesses I've heard most people complaining about. And the cost of housing. And the mask mandates. And the homelessness issues.
Exactly, they get ya' one way or another.
Here in Oregon I just paid my property tax for 2023-24. $5979! Bought my 2bdr/1ba craftsman bungalow for $13k in 1974. Now assessed @ $550k. I can buy a 4bdr house in Missouri for $100k and the total payment including taxes is under $500 month. I'm planning my escape...😊🎉❤
You could sell your property to another property tax slave , move abroad, and live the rest of your life without working.
Great video! I’m from NH and have lived here my whole life, and the one thing you neglected to mention is that our property taxes are so high because we don’t have sales tax or personal income tax :)
LOL
You have sales tax should you try to by lemonade from a lemonade stand.
That's no excuse.
@@AlvinSeville1 what? Also *buy
@@tracygaluszynski1868 what do you mean?
1. New Jersey - I live here and want out so badly!!! Do not move here - better/nicer places to live in the U.S.
2. Illinois - not surprised
3. New Hampshire - one would think would be lower than CT
4.Connecticut - not surprised
5. Vermont - not surprised
6. Wisconsin - surprised
7. Texas - surprised
8. Nebraska - what?!? Shocking!
9. New York - thought it would be higher
10. Rhode Island
NJ truly sucks.
Nebraska has high property, income and sales taxes... sort of the NJ of the Great Plains States.
When I do a video on counties you'll see a lot of both.
I was suprised at Nebraska myself
Thank you
@@WorldAccordingToBriggs Briggs, if you live in NJ and move anywhere outside of NJ the state considers any gain as ordinary income... like wages.. so the exit tax averages >2% of GROSS sales price, with 2% confiscated at closing... and if you lived in NJ since the 80s figure on surrendering 4 or 5% of the GROSS.
In Lomg Island NY, if you included the local school property taxes on top of the state tax, the average homeowner pays between $6,000 and $15,000 a year.
I'm in upstate near Adirondack Park and prices are similar
I don't know if he is including NYS school taxes as part of our property tax, but here In WNY we pay a little under $6K in combined "property tax" on a townhome valued at about $250k which would be more like 2.4%?
Thank you! I'm looking at his NY numbers like where is this? My house on LI was an 1,100 sqft house on a 6,000 sqft lot. I paid $390,000 in 2009 and $12,000 in taxes. I'm sure it hasn't gotten any better.
Tax bill will be here soon. I expect my bill to be over $10k for the first time ever. So much for being middle class…
The school taxes on Long Island are through the roof. We have a three bedroom one bath house and our taxes are just short of $10,000 a year. We have not gotten our new tax bill yet and I will bet that it will be over $10,000. It's a killer.
In regards to Texas, we have property taxes as well as school taxes and MUD taxes. (Municipal Utility Districts) Combined I pay a little over $3K. Add home insurance and I'm paying $5K for a 20yr old house in the slightly below average price range. Stay out of Harris County!
Sounds pretty cheap to me. I pay 9K just for Property Tax in Collin county, Add another 2k for home owners insurance.
Sounds cheap to me, too. Between property tax and home insurance, I am paying nearly 12,000 a year in Western Washington. Property values have risen, but unless you want to sell and move somewhere else, all that means is higher taxes and more crowding...leading to even higher taxes as infrastructure needs expanding and then has to be paid for.
Thank you Briggs for your service. Love your channel.
Thanks for the video! I live in Illinois and pay over 8,000 for my condo in northern Illinois!
Did you forget to add school tax . A $350,000 home in PA will cost you an additional 5,200.
in NJ the tax bill is all in One Good point
How about a 1850 sq ft house in western ny with a $4000 school tax
Do top 10 lowest property taxes! My new home state of Tennessee will be on the list!
Live in Austin, Texas: Property Tax Rate for 2021 is 2.176679. Includes city, county, school district, community college, and county healthcare. My property taxes have gone from ~$2,500/yr to over $11,000/yr due to property appreciation.
one nice thing about California property taxes are 1% and they can't go up that much while owning it, it reappraises when sold
@@califdad4 yep, we are at a $2M home valuation and our property tax is $3100 and won’t go up more than $100/year.
Wow
...would be interesting to see him do one based on city. Home prices here in Portland are ridiculously stupid.
Are you sure about that tax rate? I've lived in Houston and El Paso and the property tax rate there was over 3% in both cities.
Like others mentioned, states get creative with the definition of real estate tax, and figure out other ways to tax you and not have it officially called a real estate tax. In Pennsylvania besides the real estate tax there is some called a local Earned Income Tax, which is levied based on the town you live in, regardless if you own or rent. Typically it is 1% of your earnings, but can get as high as 2%, with a few cities even getting above 2%. One of the things they don't tell you when you move from NJ to PA and can negate most of your assumed tax savings when moving from NJ to PA. Oh and like the PA State Income Tax, it is a flat tax with no cap. So it can get pretty pricy. Truthfully it should be added to any real estate tax comparison. In essence you need to calculate an Effective Real Estate Tax to truly compare one state's real estate taxes to another.
Don't forget the sky high "school taxes"
@@praxedes2 PA ranks 35th in state school funding, pathetic
@@carltonharris7160 Not sure where that stat comes from but I know that the school taxes in most districts in PA are too high. In my hometown, the 2020 taxes broke down as follows:
County debt service: 0.85 mills
County Real Estate: 11.4 mills
Borough: 18.5 mills
School: 64.69 mills
Total: 95.44 mills
So on a $217K house:
The portion that gets counted as "property" taxes is $6,672.75
but they are not counting the "school" taxes which are $14,037.73
So in reality the real total property tax bill would be $20,710.48 per year.
There's no way you can convince me that's a reasonable amount. Especially when the number 1 state on this list wasn't even at half that number...
@@praxedes2 Not exactly. Taxes aren’t just calculated by mil rate, they’re also calculated by assessed value, which is a fraction of actual market value. Real estate in PA is not assessed at 100% value. In fact, it’s actually closer to 40%. So multiply your final number by 0.4. After municipalities come up with their next year’s budgets, they play with the assessed value rates and mil rates to achieve their funding, with a 2 1/2% cap (in the absence of an override).
WHAT? I have a pet Unicorn, and a Jackalope, too (ha,ha)
unicorns name is BRIGGS??
and the Jackalope is Mrs Briggs?
That's really funny
We live in a 56 year old raised ranch on 50 rural acres of mostly trees. Water is iffy up here in the hills above Schenectady. Supposed value is 229,000 though it's highly doubtful that it would sell for anything near that. Property and school taxes total close to $7,000!
NH homeowner here. You almost described my taxes to the dollar. Guess I'm middle of the road here. Good thing that, unlike VT, we have no sales or income tax. Gotta take a dig at the neighbors.
New Hampshire would be at the top of my list of places to move to if it weren’t for having high property taxes.
Towns in the lake region of NH are much lower for property taxes...
@@timpoolsbeanie2296 If you live with someone else who has an income, NH quickly becomes one of the cheapest states to live in. The more people under 1 roof, the lower the cost of living gets.
@@timpoolsbeanie2296 I'd take that over here in Illinois. We still have to pay high sales and an income tax.
I lived in North Conway, NH for over 10 years and real estate is very expensive-priced apparently, for 2nd home owners from MA. Very hard to be working class and own a home there.
I see you used the average property tax by state. I was expecting Ohio to show up because in my county it's 1.82% but the Ohio average is actually lower. Good Video as always.
Ohio would be 13th
So I moved from NJ to NH my property taxes are 1/3 what they were in NJ. The thing about New Hampshire is taxes vary wildly from town to town and some of the nicest expensive towns have the cheapest taxes
Agreed.
The vacation towns have reasonable property taxes... more urban, like Manchester or worse Concord you get hosed.
I have to admit I’m curious on which towns you are referring to. I live in Londonderry which is a half decent town and the taxes are insanely expensive.. maybe places north of Concord might be slightly more reasonable.
@@matthewwindisch9449 Meredith, Sandwich, Center Harbor... expensive towns, but taxes paid by owners of lakefront properties
@@bukboefidun9096 Center Harbor ? Lol.. I never even heard of it. And I’ve lived in New Hampshire for 23 years. The problem is with a lot of those towns up north there just isn’t any work available. Which is fine if somebody’s working remote. If you have the ability to work remote that is definitely a sweet location.
I'm headed to either NH or Maine from dirty Jersey. I can't wait to leave this place. I probably waste 100 hours a year sitting in traffic here. No one knows how to use a turn signal or a trash can here
they call it property tax but what it really is is property rent. tax is paid one time.
Wow, I had no idea that some states were that high in Property Tax. New Hampshire at least has no sales tax but the other states have that in combination with other taxes. One way or another they are going to get their due. Great video, I've never seen any mention of state property taxes before. I am retired in Atlanta and have a studio condo. As a result, I pay no state income tax on Social Security or Pension and my Property tax is lowered by Homestead Exemption so I only pay $300/yr Property and School Tax. I guess I accidentally chose well.
You sure did!
I live in Bexar county Tx, just outside of San Antonio, and people need to be aware that if you are thinking of moving to Texas, the county can add on to the base percentage of property tax. I bought my property a little over two years ago for $250,000, and to give you an idea of how bad the county screws you, and an idea of escalating prices, I now pay almost $600 per month in property tax. If things continue on this trend, it will not be long before my property tax portion of my mortgage each month, is more than the amount I actually pay to the bank for the property, and insurance. I know that my ass is getting old, because the other day I was bitching and remembering how back in the day people actually had a mortgage of $600 a month. Yes, this was a reality, I did know these people!
Agreed. I'm in TX too, and paying well over 2.1%. By the time the house is paid off, it'll be a full time payment just to cover taxes and insurance.
So, at least you get to go to the River Walk. Many only dream of doing that.
About time wisconsin makes one of your lists. Taxes in Wi can be cheap it all the depends on the area you decide to buy in, the many lake properties bring the state average taxes up for sure. I pay 2800 a year for my house and its about a 1400 sq ft. house, but one of my buddies is paying 7000 a year in taxes in the state capital for something thats only a little bigger than my place
Crooks. Yep and renters vote for property tax hikes all the time. I'll laugh when their rent triples 👍
Thanks for summarizing and sharing the info. But the statement was golden, esp nowadays: be nice to each other! Indeed, life isn’t easy. Everyone is trying hard. So be nice to each other. Have a nice holiday season!
believe me,
people in illinois been trying to make chicago its own state.
Not only do our property taxes suck in Wisconsin, but we also have some of the highest income tax in the country
There are places in metro Chicago where that $220,000 home will cost you close to $9,000 in property taxes. I am guessing the rural and southern part of the state skewed the average quite a bit.
Most places where people actually live in Texas pay close to 3% and we have extremely low homestead exemption amounts as well. Home values have now rocketed, not holding my breath that teacher's salaries will finally be raised significantly. If not many are going to be taxed right out of the area. I pay hundreds more in property taxes than the p&I on my home. No income tax is another scam to get the poor and middle class to pay a much higher tax rate than the rich, fees in Texas are also sky high.
I live in Texas and we live well within our means. I
find the overall cost of living inexpensive relative to other states. I’d rather have a $5000 property tax bill than a $10000 state income tax.
The problem is people buy homes they cannot afford.
My brother lives in Oaklawn Illinois which is right outside of the city of Chicago he has a 40x125 lot and a 1700 square foot house and he pays 8000 dollars a year
I'm SHOCKED that CA isn't on this list. I'm qualified for a mortgage, looked at prices in the LA area, and thought "what's this big figure, is that the payment again?" No, that's the property text. As much as some people's rent. :(
Mr. Briggs, you showed property tax info for NJ while talking about Illinois. But, thank you as always for your informative videos and the flair in your commentary.
Do a video of the states with the most historic homes & history in general
I’m from New Jersey the property tax is unsustainable. Especially once we retire
I heard NJ has the highest property taxes out of all the states.
@@mr.magnetic8884 it’s true. Unfortunately we recently re-elected a governor who doesn’t give a shit about the property tax and said we should leave if we don’t like it. NJ voters, I mean…everything about this state is pure garbage.
@@mr.magnetic8884 From this video, right? :)
@@653j521 no. I’ve met people who lived in NJ who say the same thing.
I'm in Texas and WISH my property taxes were only 1.8%. The fact is they very drastically from town to town and county to county. Several areas of the Houston area are well over 3%. I'm in the DFW area and my taxes are at 2.85%. My homes assessed value for last year is $585k. That's a tax bill of $16,672. Next year it will be much higher!
How do you think Texas can afford no income tax? By raising other types of taxes.
ouch
Throw out Gov. Abbott and his cronies
I feel so much better about my property taxes now :-) I like how you did the comparisons. THANKS!
I know a guy who payed over 7000+ a year on 11 acres in South King County Washington State. That was 15 years ago!
As a resident of way rural Illinois, Chicago should be a separate district...
Im in Champaign Urbana. I approve that idea.
us downstaters get hosed for sure..
Good. So Chicago money don’t go to your useless rural town. More than half of Illinois money is from chicago
@@remoir6273 if all the money is around Chicago, then why are there no debt free municipalities in the Chicago metro?
@@remoir6273 I feel sorry for your ignorance, you have no idea the value of farmland and manufacturing facilities, neither of which you have room for, now do everyone a favor and pull you lip over your head and swallow.
About the median home price in Illinois at $194K. What makes that so low (relatively) is the number of homes people want to sell because they want to move away, and few want to move in. South and West sides of Chicago are loaded with homes in the worst parts in the neighborhoods that make up one of Briggs other lists. Downstate are small towns that once thrived and are now almost totally abandoned.
Plenty of times we wonder what we are getting for our high property taxes, when we are in debt, underfunded everything, credit rating in the basement. And yet we keep electing governors and state legislatures that only want to spend for more services.
California is the opposite. Low property tax percentage with a proposition that keeps your property taxes low but the homes are over $600k in bad areas and over $1 Million in "kinda" desirable areas. So you end up having to buy a 3 bed home in an ok location for $1,000,000 and your property taxes are still gonna be high because of the price tag all that shit. And your home will still get broken into!! I wanted to move to Illinois, Chicago suburbs but the high taxes is a no go
@@demisemediadon’t move here we are working hard on destroying the state in an attempt to be like california. Whatever benefit you have here won’t last.
I have made up my mind long ago… to leave the US when I approach retirement age. Too many beautiful countries with hardly any tax on your property, food, medications
California not making the list surprised me. I'm from Illinois, and yeah property tax, sales tax, and plenty of other insane expenses are driving folks away from this state. It would've included me too if I was wealthy enough right now. Not to mention the ridiculous amount of speeding ticket cameras here too, specifically in Cook County, Illinois.
California has Prop 13 which outlawed property tax to ever exceed 1% it’s the least they could do given the high income and sales taxes 🤷♂️
@@adarshsidhu529 That's interesting, good for those residents, cause I know California's homes are quite expensive for a state that's very prone to wildfires.
@@bracebrooks967 wildfires rarely affect most of our suburbs but we're required to have solar which means that electricity rates are doubled so it's pretty much a lose-lose situation for residents 😂
In CA property taxes are low but all the other taxes in the state are ridiculous.
California we are comfy with ours
Now let's hear which ones have the lowest property tax because that's where I'm moving to
You should take in account the price of the house and not the tax percentage...
I live in Vegas, I pay 1.200 a year on my 325.000 home and no state income taxes on anything.
@@jorgemunoz3288 Nice!
@@stephenharper6638 it's easy to find all the stats Briggs has in his videos.
@@jorgemunoz3288 what is the secret of success?
We live in El Paso Texas. We choke on 2.5% effective property tax. Probably the highest in the nation. They will deny it by saying it's only 1 or 2 percent but by time all their silly little add-ons are done it comes out to 2.5%.
Holy crap, I was that close to buying a brand spanking new house in Texas, the sales guys would always get quiet when asked about property Tax bills, which o was told goes up every year, and on top of that I’d be paying an additional amount in taxes for new neighborhood
Live in New Hampshire and property rax rates vary by town. The ratio of most expensive to least expensive is almost 4:1. State data is meaningless, at least here in NH.
Hey Briggs, Just so ya know, in Oregon, if you are a veteran, and have a like 40% service connected disability, you don't pay property tax, AND if you have a 20% service connected disability, you pay $20 once for a Disabled Veteran license plate that's it. You don't pay any registration for whatever vehicle that plate is attached to. Oh, and for like $7.00 or something, you can have the plate moved to another vehicle.
OREGON takes care of their Armed Services veterans!!! 👍🤗
Perhaps, but they are really destroying everybody else.
@@roybatty6328 Destroying everybody else how?
Thank you Briggs and I have a recommendation… How about the 15 cities that have had record homicides in 2021?
I can't believe the West Coast didn't make the list especially up here in Washington .
Because they are NOT in the top ten highest. WA state is just over 1%
This is a good starting point but local taxes are additive and some locations make the burden horrific. In northern Virginia, if you earn a nickel, the local municipalities will want a dollar of it.
“If taxes are your issue, then New Jersey’s probably not your state.” - Gov Phil Murphy
“….all the Republicans in New Jersey end up moving to Florida.” - Gov Ron DeSantis
…this Republican is going to follow suit.
That is what the republicans say where I live in NY, but many times they never leave.
@@catdooley4616 many parts of new york state are still sane normal people. it's just in the cities like NYC that the infection festers
@@billw8476 I live in the Catskill Mountains, I have family all over NY and I don't know many sane normal people that lives in the country areas where I live or family members live. I will say that because there are fewer people around it is easier for me to avoid them.
NJ really needs to reduce the price of their schooling, and move from a town based school system, to a county based system. They need to eliminate some 100K+ salaries in their school systems. I knew janitors, that were bringing in 100k salaries, and one had the 20 years to retire, when he was 38 years old. Great for them, but it's the locals whom pay.
This is an issue across the Northeast. I was raised in Massachusetts and we have similar issues. I know people who retired as prison guards at 42 with 80 percent of their salary. Same for many cops. My company stopped its pension system years ago. The early retirement needs to go and they should get rid of the pension system. Use the 401K and retire at a normal age. This system is killing the tax payers.
My gosh, PA does the same thing...there are 17 school districts in York Co. Growing up in MD, schools are countywide. To have 17 school districts in York County is insanity. Each having its own district office, superintendent, asst superintendent, and on and on. When I lived there, many of us tried, but they just won't budge...and people are losing their homes to school taxes on top of the property taxes.
I live in NJ and my property taxes are around 14k for a 1957 split level ranch. My street has no sidewalks or street lights. We have well water and a septic tank, plus we have to pay for private trash pick up. Now granted, our school district is one of the best in the state but 14k??!! Ridiculous. 2 more years and we’re outta here. Can’t wait.
@@mwills464 /hugs you in Jersey.... I feel your pain. my property taxes are stupid high too. I'm in Passaic county which means, we're not as bad as Bergen county, but then again Wayne is in Passaic and the taxes are the same price as the one you paying
Wish you good luck in finding a new state to move to
@@Jerseybytes2 As you commented previously, taxes are stupid high in Somerset County too!!
Thanks for sharing information like this. So much help for those who are planning to purchase properties from us.
You never own the house, paying rent in the name of taxes.
and you get a road to access it for free!
@@stephenharper6638 I'm not against taxing, at least in the US.
Hey Briggs, loved the video. If you can please change font color of % on the graphs you did for each state. I am color blind and cannot see darker hues very well.
Damn, Gary needs a pet or something.
Briggs needs to keep his pet peeves to himself.
Don't wish Gary on some poor animal
He need a new hobby
Now there's a Gary and a Ned???
Wow, I thought Oregon and California would have been on this list. Learn something new.
Right? Oregon is horrible. We get scewed by school bonds. 20 year school bond here. But, we have no sales tax.
I live in central IL my 750 square home, 2 bedroom, 1 car garage is $1200. We are also taxed on everything! Someone has to pay for all the entitlement programs!
Great video! Please do a video on the states with the LOWEST sales tax, property tax, etc. Thanks 😊
Yeah please. Watching this one made me realize my state's so cheap I'll never be able to justify leaving.
My first home purchase is in NJ, yes NJ and it will be my last. Leaving the toxic state where you can't even drink the tap water.
Enjoy the real estate exit tax NJ assesses.
They tax the gain as ordinary income to ANYONE moving out of state
Wow! It's just not even close. New Jersey is so much higher than the next state below it that is insane.
That's why a lot of people are flocking out of NJ. Older people in particular because they can't retire there.
What about Wyoming, Montana, Idaho, Nevada, and Wahington in Pacific Northwest?🤔
All of above homes must be at least 2,000 sq. ft as new as possible and in a decent LOW CRIME NEIGHBORHOOD..
I love in Mesa Arizona. The state tax isn't so bad, it's the crippling school tax, city tax and special bond crap. It's becoming insane.
Very low salaries in Arizona for most jobs with crappy public schools.
@@happycook6737 average salary in AZ is 53k. Phoenix metro is 64k. I don't think that's crappy.
Can you do a video on tiny home friendly states/cities?
In some barren parts of Canada such as any unincorporated township in Northern Ontario you essentially pay a land lease fee instead of property tax.
Damn 😑
Dang, when the land that surrounds Chicago came in at #2 I knew what was coming next… as someone who lives in northern New Jersey in the Uber expensive area, I will say that although it’s very expensive (the median home cost in my town is over $500,000), there are some very nice benefits to living here. Housing is very expensive but the towns with the expensive housing are extremely safe, have some of the best public schools in the country and are within commuting distance to the high paying jobs in New York City. I moved here from Buffalo so I mean literally anything beats that dumpster fire. Love the videos and definitely don’t mind NJ getting frequently roasted. I have a good life here which will likely improve if more people leave…
...but Buffalo has the convenience of Niagra Falls. LOL
The flaw in this property tax comparison is in using the same $219,000 average price for a home. In States that have a higher real estate price the $219k will buy next to nothing. Essentially, this video compares the tax on a real home in one State with lower cost of living against an imaginary one located in a State with a higher cost of living. A better analysis is to calculate the property tax on a 3bd, 2 bath home located in 10 of the most populous States.
Ok, my house is valued at 1.7 million here in beautiful CA, my property tax? 8400 a year....... and it doesn't go up each year, unlike in these crappy states such as TX.
I have family still living in New Jersey. Needless to say that average is severely under what the reality for what a lot of people pay in NJ. Average for each one of my family (5 overall) is about $10000-$12000. That does not even count my aunt who lives in Westfield with a very pricey home.
friend lives in Bergen county, he pays $14,000 in property taxes. I'm in Passaic county, so mine are a bit lower, but still higher than most people pay in other states. Needless to say, we're both dying to get out of here.
everything I have read , NJ had the highest property taxes
I live in NYS. We bought a 55k house on 3 acres and pay about 3500 a year, which is average
Hello Briggs, can you do a list on the top 10 states with the highest sales/income tax?
Good thing for Veterans exemptions in NV. A few states have this benefit, however I imagine that's going to change. NV has a 3% cap on Property Tax, which is going to hurt with the increase of housing. No sign of a correction either.
New Mexico has a $6,000 veterans deduction on the taxable value of the home. 100% disabled veterans pay no property taxes if they fill out the paperwork.
Spent the whole list wondering whether IL or NJ would be number one.
Can you make a video about the best states for business owners. Or the best states to start a business according to low business taxes or something similar.
I've lived in two cities in Texas and both had property tax rates around 3%.
New Jersey also has an exit tax where the state charges you just to move out of said state. The only way to avoid it is to sell your home and rent within the state for a year. Then you can leave. We always makes jokes in Delaware and Pennsylvania that there is a reason the bridge to Jersey is free, but the way back to Delaware or PA costs you. 😂🤣😂🤣
Wow!
Hubby made me live in NJ fir several years. We did eventually escape to my home state of PA. I used to make jokes that the tolls were one way because NJ was so terrible & so expensive that they just didn't have the heart to charge you to get in there.
I heard about the exit tax( how isn't that unconstitutional?) When did that begin?
@@ladyagnes9430 I grew up in PA and always joked that the one way tolls were because Jersey was so terrible they knew people would be willing to pay to get out of there 😂😂😂
Not exactly true. I moved from NJ to PA this year. NJ withholds 1% of the sale of your house if you are moving out of state (what people are mistakenly calling an Exit Tax) but give it back to you once you settle your final NJ State Income Tax return with the state. They are "withholding" that money to insure you don't owe any taxes on the way out, so they don't have to go thru the hassle of tracking you down once you move out of state. Once your NJ State Tax return is filed and process you get it back, minus anything you might have owed in that last return. Yes it is a pain, and for folks planning on using that money to buy something else in another state, you need to plan for. But you do eventually get it back.
I sold my house in NJ but paid no exit tax..... so I don’t think this was enforceable
I live in nj and taxes are insane
Yep. That's one reason I'll never move back there.
nice to know which county and city in each state has highest property tax?
Went to an Amish hardware store in Shipshewana Indiana yesterday. A nice lady and my wife were talking for awhile. My wife later told me this lady and her husband built a 1200 sq ft home on seven acres of land in Elkhart County. Over the years their property taxes keep rising. Currently, their property taxes are more than their mortgage. $40K a year. Supposedly the zoning has changed where their seven acres is in three zones. One zone is taxed as residential, another for forest and another as agricultural. The lady said, “They go after the Amish because they (the government) know they’ll pay.” She also mentioned that she might be able to get $400K if they sold the property. She recommended buying an existing home and NOT building. This is crazy if it’s true.
Always entertaining :)
I live in South Sioux City, NE and let me just say this is accurate as hell! It’s outrageous… Whats the craziest is the car tax on vehicles.. 7.5% of the damn price..
Initial sale only? You cannot mean yearly?
@@stephenharper6638 Im lucky enough to not get hit that bad. But in Omaha yes it’s yearly!
@@vantefrom870 Stunning!
Man that sucks. You would think Nebraska would give you a break somewhere, but it looks like they hit you hard everywhere. On the plus side, you guys do have the lowest unemployment in the nation(at this time)! All the best to you brother!
@@jasonrogers6346 honestly that’s just about it bro. We have plenty of jobs that pay extremely well. So it works itself out in the end. But if you are tryna make 6 figures and live well off Nebraska is the state.
Thanx Briggs - can you do a list of US States by land size after subtracting the amount of Federal land? Just wondering which states have the most Federal land and how big the states actually are.
Look at this guy over here with the induction stove, I thought I was alright cooking with gas, we all just got knocked back to timber.
I do seem to recall a federal land video or maybe it was just mentioned as a side note in one of them... 🤔
Nevada is #1 in having the highest percentage of federal land.
well I can tell you Texas has the least government owned land, state or federal.
300,000 home in Illinois, which doesn't buy much. Our taxes in 2012 were 12,000.00.
do you still live in Illinois
I live in CA, in a senior manufactured home community, I pay $1,600 a year for property taxes. That’s expensive for someone on Social Security. Don’t know how long we’ll be able to afford this.
Image if you move to another state with a higher property tax?
What park? I’m looking.
I don't know how you calculated the property tax rate in New Hampshire. I live in New Hampshire and based on your rates/calculations my taxes should be half of what I'm paying. A $400,000 home in my town is about $10,000 a year in property taxes.
that's because of NH's antiquated tax system that relies solely on booze sales to fund only 30% of public education costs...shifting those cost to the towns..... unlike say maine who covers 55% of ed costs, but does have income and sales tax...but you can be sure, in NH, when there is a surplus, they won;t give it to the people.... and you can be sure NH gop'ers will keep giving money to rich people to send their kids to private school, more and more.
You should look at Long Island New York separate from the rest of the state, it would be right behind if not in front of New Jersey. It’s the crutch for the rest of the State
Oh great.. I knew it! I’m from New Jersey! Lol.. 🥴 But I live in the southern part near Philly. Houses are cheaper compared to North & Central Jersey. But still, taxes are really high!
I’m surprised not to see California & Massachusetts here..
I'm a Californian now living in utah,I can't imagine living in New Jersey for any reason,regardless of taxes,I've heard enough negative about the people in new jersey,people worse than here in utah,
New Jersey is basically just California with none of the pros of California but all the negatives included and more
New Jersey is really exaggerated. It’s expensive but some of the nicest suburbs in the country are located here. Camden, Trenton, Newark and Paterson are shit but everywhere else isn’t that bad
As far as the upper half of the country,I've only been as far easy as ohio,and the bottom half,I've been as far east as florida,wouldnt mind seeing Maine during the summer,but the rest of the north east corner,I'm kind of ehhh about,I've seen enough on tv,and the winters there,are worse than utah,no thanks
Aaaand I want to leave utah because of Californians. Prices on everything went up. California should just fall into the ocean already.
@@ashb51 utah isn't even in the top ten states that Californians are moving too,are you just ignoring all of the other license plates that can be seen all over utah?I've seen florida,deleware,Illinois etc,they are moving here to utah from a bunch of different states,not only that but the price of living has went up everywhere
If anything, you were low balling the Property Taxes in Texas. I moved in May and lost all my exemptions for the year. Between the School District and County, I had to fork out over $4200 in Property Taxes on a 2 Bedroom, 1.5 Bathroom 1200 SqFt Townhome. All I did is move across town, but because I moved to a different (and expensive) school district, my taxes shot up. Ridiculous! Texas should change it's name to Taxes. Still, it's MUCH better than my original home state of New Jersey. You can't pay me enough to move back there.
With no exemptions, you're still doing better than most of the list. They're paying as much as you or more, PLUS income taxes to same cesspool of local/state vultures.
@@jasonwomack4064 That may be true, but man, it smacked me like a gut punch! I wasn't expecting that much of a jump just by switching school districts, and I don't even have kids in school!
wow! And it goes up every year! Former texan, the property taxes bothered me and lack of zoning- having a chemical plant move into the neighborhood( a hurricane/flood path) wasn't comfortable. Oh, the lack of public lands, too.
I am considering texas due to the fact that I won't have to pay these commie taxes.
That's why TX is not on my list of possible destinations.
Sales tax? I can just buy less shit.
Income tax? I won't make much once I'm retired.
Property tax? I need a place to live, until I die.
👍Thank you. Very interesting and time to investigate other countries 😀.
If you think you own your property, dont pay taxes on it. You'll see who really owns it.
Exactly
TRUTH!
@@julm7744 Where do you live? VAT is really expensive.
Ahh, nothing like taxation on an unrealized gain. I've owned a home in NTX purchased in 2009 at 136k. I'm still here, yet my property tax for 2021 was 4,865.55.
Wow I'm surprised that California and Florida are not on the list. Shocking
I know right I honestly thought California would be high on the list.
@@jordanaguirre2540 I thought Cali at least be in the top 3
California's saving grace is prop 13- your property taxes don't go up. The 200K(bought 2000) house now selling for 688K, the owner is still paying original value. Next guy pays the new amount. That's how so many can afford to leave with fat wallets and buy anywhere but California. :)
@@stephenharper6638 oh wow
Until they repeal prop 13. My guess is they will create a repeal prop and promise people something from it (healthcare, free something or other). It will pass and the State will squander the money as more people exit.
Three surprises here for me. First, New York so low, thought they would be higher. Second and third where are California and Massachusetts?
Hey Briggs...so it was YOU that went to the Los Angeles Kings games.😂
A bit testy today Briggs 😆😆 so NJ also has an exit tax so if u sell your home and not buy another a special exit tax u pay . NJ is tops in unfunded pensions to tune of $100 billion. . Taxes will rise and smart money moving to DE
I left NJ decades ago. I'm a young retiree in TX. If I want to stay retired, I have to stay out of NJ. No problem! :)
Yeah, but what do you get for your taxes? Some states can't even keep the lights turned on.
Exactly!
Property taxes pays for you roads and county public services ie fire dept and police dept etc
@@crystalmielcossey Correct, I don't mean to imply property taxes pay for residential electrical service. I'm speaking more generally about paying taxes and fees for governmental services and having competent management of the services provided by quasi-governmental entities and utilities.
In Roslyn NY (where Bernie madoff grew up) my .39 acre property and 2648 sq fr home has $24,400 after the star rebate. School tax, general tax and a village Tax!!! House cost me 1.425 million and another 100k to fix
@@truthteller5521 it is but I could be better off in Boca Raton or Delray Beach Florida. Dan wife won’t leave NY until the kids are off to college. They’re 4&6. 12 years to go!
😂 Gary got lit up in this one. Great vid Briggs, as usual. I just hope Gary doesn't use the NJ stats on the Illinois clip as ammo. Also hoping doesn't see this.