It’s taxes, bitch (or taxes are a bitch)

September 14, 2007

taxes-2.jpg
Property taxes, as a percentage of the median home value, in my county ranks the 48th highest out of 783 counties in the US.

For a comparison, the county that San Francisco is in (San Francisco County) ranks 691st.  Not to be a hater on SF because when you compare the percentage of income paid, we are about the same. 

See how you rank here.

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8 Responses to “It’s taxes, bitch (or taxes are a bitch)”

  1. Jamie Says:

    65th, baby.

    And they’re due soon.


  2. Ugh, don’t remind me.

    The house two doors up from us went up for sale; small, dark, 60-amp electrical connection (which will run a refrigerator, a washer, and nothing else), only one bathroom, kitchen remodeled sometime in the 1940s, forgettable architecture and ugly stucco walls…….$1.2 million dollars.

    According to our neighbors, no less than thirty brokers showed up for yesterday’s sneak preview — which means there are probably twelve offers just waiting to be made on it.

    Add to that the fact that the pink monstrosity up the street, where the house probably drove DOWN the value of the land, went for a little over $1.4m, and you see our problem.

    The only savior is that my husbear bought the house twenty years ago; as a result, under Proposition 13, our tax rate is fixed at no more than 1% of the value of the house and our bill can only rise a bare 2% per annum.

  3. QuakerJono Says:

    412th, bitches! I’m rich!

  4. John in IL Says:

    Jamie and QJ,
    Just to be clear, the number I used for ranking was taxes as a percentage of home value. That’s what put SF so far down the list. In actual median taxes paid they ranked 63rd but their median home price $806,700(OMG)(or .5% of value). My county is rated 264th in taxes paid but our median home price is only $101,000 (or almost 2% of value). If San Francisco homes were taxed at the rate homes are taxed here, the tax bill on a median priced home would be $11,600 higher.

    Using that measure, Jamie, your county ranked 143rd, and QJ, yours ranked 271st(not quite as rich as you thought).

  5. John in IL Says:

    And NDT,
    First off, why would anyone live there?

    And this:
    According to our neighbors, no less than thirty brokers showed up for yesterday’s sneak preview — which means there are probably twelve offers just waiting to be made on it.

    What? I’ve never had multiple offers on any of my properties. This last one, I had one person interested, who was planning on writing an offer. They wanted a parent to come through and see it before they decided. In the meantime, some other agent brought in a offer. The agent for the first people told them there was another offer and they decided they weren’t going to write. Paying over asking price is nearly unheard of (unless you are talking investors; those bitches can get competitive).

  6. QuakerJono Says:

    Wait. So I’m poor?

    Fuck.

  7. Jamie Says:

    Poor fucking Quaker.


  8. First off, why would anyone live there?

    Love makes one do strange things. 🙂 Believe me, I swore that SF was the last place I would ever move — which immediately meant that I would end up partnered with someone there.

    What? I’ve never had multiple offers on any of my properties.

    Oh yes.

    As one of my friends who’s a Realtor puts it, you have to do one of two things to buy in this market:

    1. Line up ironclad financing to write a check on the spot, at which point you may be able to pay list or slightly higher

    2. Make an offer outrageously above list, at which point they will accept, knowing that you will either have to move heaven and earth to pay them, or that they can pocket the deposit and re-list the house in another three weeks, which will make it more appealing to the desperate buyers who wanted it the first time it was listed and lost it.


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