Is it a business property? Partially for business? What kind of business? What's the zoning? Forest or farmland or urban industrial lot or storefront? Residential? Are you a landlord or a rentier? Do you use part of your domicile for business? How much? How many hours? Is power, water, sewage, garbage handling included in the rent? How big is the parking lot? Do you own the land the building is on? Do you own the building but pay arrende for the land? What kind of servitut is there? Is the access road public or private?
It goes on like that, and certain changes to the house/building in question will also affect the property fee. That'd what they call the property tax for your house: a fee. It's based on the purchase value of your house and how many people per square kilometer there are in your area. And since your insurance is tied to the value reported to the insurer, you don't want to under-report the value to the tax-cartel, since doing so might lead to expensive problems down the road.
For someone with a cheap small old house, more like a cottage, like me, it's no big sum: $160/year. But it is annoying:
That sum is supposed to cover snow plowing and garbage collection, but they charge separately for that. The local county owns a company that has the county contract on those things, and in turn hire private contractors to the job - that way, they are allowed to charge fees to cover expenses incurred. That loophole was intended for temporary emergency stuff, like a road washing out and needing immediate repairs. It's like the ole' tee-shirt said:
The amounts vary by state and even counties within states, but in my state and county, it's simple for residences. Assessor comes by and decides your house and land are worth x. Then the tax is applied to x. Here they charge the tax on 1/3 of x. If you're lucky, you get lazy assessors who don't come around much and don't update the value of your property. So your house, as determined by them, is worth $180,000. They charge around .03% on $60,000 or $2000/yr. This is very low compared to places like CA or NY. It's your land, your property, you may even have paid it off. For the 2K/yr you're supposed to get good schools, roads, infrastructure. It doesn't happen in my state. Last in education, 6th in overdose deaths.
And earning over a certain amount doesn't work anymore. I think they got rid of the taxes on the overage. I don't earn over the certain amount, so I don't know. If you earn say $150,000/yr., you might be in the 22% tax bracket. You pay $33,000 unless you can dredge up a bunch of deductions. Even then you pay a lot.
Was property tax in that litany of taxes? That's a fun one.
That's a ball of snakes in its own right.
Is it a business property? Partially for business? What kind of business? What's the zoning? Forest or farmland or urban industrial lot or storefront? Residential? Are you a landlord or a rentier? Do you use part of your domicile for business? How much? How many hours? Is power, water, sewage, garbage handling included in the rent? How big is the parking lot? Do you own the land the building is on? Do you own the building but pay arrende for the land? What kind of servitut is there? Is the access road public or private?
It goes on like that, and certain changes to the house/building in question will also affect the property fee. That'd what they call the property tax for your house: a fee. It's based on the purchase value of your house and how many people per square kilometer there are in your area. And since your insurance is tied to the value reported to the insurer, you don't want to under-report the value to the tax-cartel, since doing so might lead to expensive problems down the road.
For someone with a cheap small old house, more like a cottage, like me, it's no big sum: $160/year. But it is annoying:
That sum is supposed to cover snow plowing and garbage collection, but they charge separately for that. The local county owns a company that has the county contract on those things, and in turn hire private contractors to the job - that way, they are allowed to charge fees to cover expenses incurred. That loophole was intended for temporary emergency stuff, like a road washing out and needing immediate repairs. It's like the ole' tee-shirt said:
"Born free - taxed to death"
The amounts vary by state and even counties within states, but in my state and county, it's simple for residences. Assessor comes by and decides your house and land are worth x. Then the tax is applied to x. Here they charge the tax on 1/3 of x. If you're lucky, you get lazy assessors who don't come around much and don't update the value of your property. So your house, as determined by them, is worth $180,000. They charge around .03% on $60,000 or $2000/yr. This is very low compared to places like CA or NY. It's your land, your property, you may even have paid it off. For the 2K/yr you're supposed to get good schools, roads, infrastructure. It doesn't happen in my state. Last in education, 6th in overdose deaths.
And earning over a certain amount doesn't work anymore. I think they got rid of the taxes on the overage. I don't earn over the certain amount, so I don't know. If you earn say $150,000/yr., you might be in the 22% tax bracket. You pay $33,000 unless you can dredge up a bunch of deductions. Even then you pay a lot.