[stephenjohnbanker]

“The tax could end up being close to 5,000/yr ..on a dinky little home like this!?!?”

This is by far, the highest property tax I ever heard of.

[Kozy]

I hate stupid people. Accesses value is not the same as market value. Get the accessment rate and then compute the taxes.
Think about it for a minute. I buy a house for $425,000. By your example I would pay $42,500 in taxes.
Oh you realtor is a jerk for not helping you out here.

[Blennos]

Egads! I pay over $11,000 per year for my home property tax. It’s not a mansion either.

[umgud]

“The tax could end up being close to 5,000/yr ..on a dinky little home like this!?!?”

This is by far, the highest property tax I ever heard of.

Here in CA, we have Prop 13 which sort of caps things, but newer or reassessed property taxes can be huge. I'd be in hog heaven at $5 grand/year.

[Buckeye McFrog]

This is by far, the highest property tax I ever heard of.

In the Pittsburgh suburb of Mt. Lebanon, PA, annual property taxes of $7-9K are the norm. A school board that spends like drunken sailors is the culprit.

Similar annual taxes are common in the Buffalo, NY area.

[VermiciousKnid]

Come to Long Island. I live in a 4BR/2B Cape Cod, on 1/3 acre. Our current property (school) taxes are now pushing $15K/year.

(And I wouldn’t — and didn’t — send my kids to the public schools, either. Catholic school and home schooling for them.)

It’s highway robbery.

Good Lord, I can’t wait to get the hell out of here...

Regards,

[ladyjane]

This is by far, the highest property tax I ever heard of.

I know someone in East Bay who has a 2 B, 1ba stucco bungalow built in the 30's. Their tax (per year) is 16k. How can people afford that?