BOTN, what's your weather like? I am SO SICK of being regulated!-----Jack
we have a 5 acre piece of ground nothing on it just desert in Scottsdale my taxes are almost a $1000.00 per month on bare ground.
I thought it was only California that had crazy situations like that. I assume that they have not provided any water or sewage connections to this bare lot, and no utilities. That is flat insane.
DE - Crazy CA property tax is just that, insane. Insane in both good and bad ways depending on your situation. Prop 13 limits the property tax to 1% of assessed value upon purchase. The assessor can adjust the property value at most 2%/year. Since property prices are quite high, that one percent puts the hurt on pretty well. $1m property is $10,000 in base tax. Then there are plenty of ad valorem and parcel taxes piled on depending on how nuts(liberal) your local voters are. So tax bill can easily be over $1k per month.Now, the good part. The longer you own the property the lower the tax becomes relative to its market value. For instance, I have property that was assessed Prop 13 way, way back and since the initial assessment was so low, 2%/year just does not add up much. With the annual property tax at $1200/YEAR on property valued at $1m today you'll never wipe the grim off my face, ever. That true Don but when you sell it CA rips your @$# with the capital gain tax selling your home where most states don't
Cliff we rode by Hwy 260 & I 17 yesterday and tried to find where you are talking about. Guess we will have to go back in the truck with air because we were on the trike celebrating Janet's birthday and our wedding anniversary and it was to hot to dilly dally we had been in the high country by Strawberry nice and cool.