Reminder: Your massive property taxes are due

[Coronita]

[quote=meadandale]Gotta love this time of year when you are a small business owner and property owner in CA:

1) Mar 15: corp taxes due + first quarter est corp taxes due
2) April 10: property taxes due
3) April 15: personal taxes due + first quarter est taxes due

Let’s just say that I could pay more than one McDonald’s workers salary for a year with the checks I have to write this year.[/quote]

I got you beat. All my insurance premiums for some reason or the other are due around this time too. Why not at the beginning of the year, I have no idea.

[EconProf]

CA taxes in all categories are outrageous compared to the average of other states, except for property taxes, where they are defacto average.
In personal income taxes, sales taxes, and corporate income taxes (the other three big categories) we are highest or near-highest in the nation. Our property taxes, averaging 1 1/4% of assessed property value, appear low, but since the same house would be priced at 1/2 or 1/4 the value in Texas or Wisconsin, property taxes bills actually paid end up somewhere in the middle.
The Sacramento politicos are currently attempting to target Prop 13 as the source of all our fiscal woes. Of course its not spending. They want to end the one safety net for taxpayers so that CA property taxes join the other three categories and put us at the top for this tax category as well.

[EconProf]

CA taxes in all categories are outrageous compared to the average of other states, except for property taxes, where they are defacto average.
In personal income taxes, sales taxes, and corporate income taxes (the other three big categories) we are highest or near-highest in the nation. Our property taxes, averaging 1 1/4% of assessed property value, appear low, but since the same house would be priced at 1/2 or 1/4 the value in Texas or Wisconsin, property taxes bills actually paid end up somewhere in the middle.
The Sacramento politicos are currently attempting to target Prop 13 as the source of all our fiscal woes. Of course its not spending. They want to end the one safety net for taxpayers so that CA property taxes join the other three categories and put us at the top for this tax category as well.

[EconProf]

CA taxes in all categories are outrageous compared to the average of other states, except for property taxes, where they are defacto average.
In personal income taxes, sales taxes, and corporate income taxes (the other three big categories) we are highest or near-highest in the nation. Our property taxes, averaging 1 1/4% of assessed property value, appear low, but since the same house would be priced at 1/2 or 1/4 the value in Texas or Wisconsin, property taxes bills actually paid end up somewhere in the middle.
The Sacramento politicos are currently attempting to target Prop 13 as the source of all our fiscal woes. Of course its not spending. They want to end the one safety net for taxpayers so that CA property taxes join the other three categories and put us at the top for this tax category as well.

[EconProf]

CA taxes in all categories are outrageous compared to the average of other states, except for property taxes, where they are defacto average.
In personal income taxes, sales taxes, and corporate income taxes (the other three big categories) we are highest or near-highest in the nation. Our property taxes, averaging 1 1/4% of assessed property value, appear low, but since the same house would be priced at 1/2 or 1/4 the value in Texas or Wisconsin, property taxes bills actually paid end up somewhere in the middle.
The Sacramento politicos are currently attempting to target Prop 13 as the source of all our fiscal woes. Of course its not spending. They want to end the one safety net for taxpayers so that CA property taxes join the other three categories and put us at the top for this tax category as well.

[EconProf]

CA taxes in all categories are outrageous compared to the average of other states, except for property taxes, where they are defacto average.
In personal income taxes, sales taxes, and corporate income taxes (the other three big categories) we are highest or near-highest in the nation. Our property taxes, averaging 1 1/4% of assessed property value, appear low, but since the same house would be priced at 1/2 or 1/4 the value in Texas or Wisconsin, property taxes bills actually paid end up somewhere in the middle.
The Sacramento politicos are currently attempting to target Prop 13 as the source of all our fiscal woes. Of course its not spending. They want to end the one safety net for taxpayers so that CA property taxes join the other three categories and put us at the top for this tax category as well.

[meadandale]

[quote=flu][quote=meadandale]Gotta love this time of year when you are a small business owner and property owner in CA:

1) Mar 15: corp taxes due + first quarter est corp taxes due
2) April 10: property taxes due
3) April 15: personal taxes due + first quarter est taxes due

Let’s just say that I could pay more than one McDonald’s workers salary for a year with the checks I have to write this year.[/quote]

I got you beat. All my insurance premiums for some reason or the other are due around this time too. Why not at the beginning of the year, I have no idea.[/quote]

Yeah, business liability came due a month or so ago, home owners insurance is due and just paid my bimonthly anthem bill.

[meadandale]

[quote=flu][quote=meadandale]Gotta love this time of year when you are a small business owner and property owner in CA:

1) Mar 15: corp taxes due + first quarter est corp taxes due
2) April 10: property taxes due
3) April 15: personal taxes due + first quarter est taxes due

Let’s just say that I could pay more than one McDonald’s workers salary for a year with the checks I have to write this year.[/quote]

I got you beat. All my insurance premiums for some reason or the other are due around this time too. Why not at the beginning of the year, I have no idea.[/quote]

Yeah, business liability came due a month or so ago, home owners insurance is due and just paid my bimonthly anthem bill.

[meadandale]

[quote=flu][quote=meadandale]Gotta love this time of year when you are a small business owner and property owner in CA:

1) Mar 15: corp taxes due + first quarter est corp taxes due
2) April 10: property taxes due
3) April 15: personal taxes due + first quarter est taxes due

Let’s just say that I could pay more than one McDonald’s workers salary for a year with the checks I have to write this year.[/quote]

I got you beat. All my insurance premiums for some reason or the other are due around this time too. Why not at the beginning of the year, I have no idea.[/quote]

Yeah, business liability came due a month or so ago, home owners insurance is due and just paid my bimonthly anthem bill.

[meadandale]

[quote=flu][quote=meadandale]Gotta love this time of year when you are a small business owner and property owner in CA:

1) Mar 15: corp taxes due + first quarter est corp taxes due
2) April 10: property taxes due
3) April 15: personal taxes due + first quarter est taxes due

Let’s just say that I could pay more than one McDonald’s workers salary for a year with the checks I have to write this year.[/quote]

I got you beat. All my insurance premiums for some reason or the other are due around this time too. Why not at the beginning of the year, I have no idea.[/quote]

Yeah, business liability came due a month or so ago, home owners insurance is due and just paid my bimonthly anthem bill.

[meadandale]

[quote=flu][quote=meadandale]Gotta love this time of year when you are a small business owner and property owner in CA:

1) Mar 15: corp taxes due + first quarter est corp taxes due
2) April 10: property taxes due
3) April 15: personal taxes due + first quarter est taxes due

Let’s just say that I could pay more than one McDonald’s workers salary for a year with the checks I have to write this year.[/quote]

I got you beat. All my insurance premiums for some reason or the other are due around this time too. Why not at the beginning of the year, I have no idea.[/quote]

Yeah, business liability came due a month or so ago, home owners insurance is due and just paid my bimonthly anthem bill.

[desmond]

[quote=SanDiegoDave]”Massive” property taxes in California? Not really. Try living in a state like Wisconsin – about 5% annual, and you get reassessed EVERY year. Texas is bad too. And New York? Fugetaboutit! They have all the high income and sales tax of CA, plus a property tax rate of anywhere from 4-7% depending on your county and regular reassessments.

Low property taxes is about the only thing that California has going for it when it comes to taxation.[/quote]

How do the home prices in those areas compare with CA? 30-40-50%–or more less?

[desmond]

[quote=SanDiegoDave]”Massive” property taxes in California? Not really. Try living in a state like Wisconsin – about 5% annual, and you get reassessed EVERY year. Texas is bad too. And New York? Fugetaboutit! They have all the high income and sales tax of CA, plus a property tax rate of anywhere from 4-7% depending on your county and regular reassessments.

Low property taxes is about the only thing that California has going for it when it comes to taxation.[/quote]

How do the home prices in those areas compare with CA? 30-40-50%–or more less?

[desmond]

[quote=SanDiegoDave]”Massive” property taxes in California? Not really. Try living in a state like Wisconsin – about 5% annual, and you get reassessed EVERY year. Texas is bad too. And New York? Fugetaboutit! They have all the high income and sales tax of CA, plus a property tax rate of anywhere from 4-7% depending on your county and regular reassessments.

Low property taxes is about the only thing that California has going for it when it comes to taxation.[/quote]

How do the home prices in those areas compare with CA? 30-40-50%–or more less?

[desmond]

[quote=SanDiegoDave]”Massive” property taxes in California? Not really. Try living in a state like Wisconsin – about 5% annual, and you get reassessed EVERY year. Texas is bad too. And New York? Fugetaboutit! They have all the high income and sales tax of CA, plus a property tax rate of anywhere from 4-7% depending on your county and regular reassessments.

Low property taxes is about the only thing that California has going for it when it comes to taxation.[/quote]

How do the home prices in those areas compare with CA? 30-40-50%–or more less?

[Author]

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