Even at 1% the property tax in this state in ridiculous. I was just talking with my brother in Alabama last night. He bought a home about a year ago and he doesn’t even notice his property taxes they are so low. This is on a brand new house. He pays 0.62% of 20% value of the house. So, on his new $135,000 house, his annual property tax is $167!! Comparably, his house (1850 sq ft on 1/2 acre) out here would be $500,000 at least. So the state would be raking in $5,000! I’m conservatively basing his house value in an area outside of the city, as he lives about 20 miles outside of a city of 350,000.
What are we really paying this high of tax rate for? Not only do we have way more people, the median home prices are also much higher, the state is raking in much more from these taxes.
The sunshine tax, beach tax, mountain tax? These are things that can’t be taxed, they will be here regardless of how much or little we pay in taxes. If the state crumbles to the ground and falls into the ocean, those things will still be here.
Sure, it’s not fair the guys kids next door aren’t paying as much as I am, but then again it’s not fair I’m paying as much as I am. The kids next door aren’t the bad guys, the people collected and overspending the money are.
