James Freyr wrote:I don't think they exist, at least here in the America. Property taxes (land) is the only ongoing tax paid annually for ownership of something that I am aware of or ever heard of. Renewing tags on automobiles is, I think, something different.
J Anders wrote:
That's interesting that your town chooses not to enforce them. That's why I'm hoping that Deb Stephens sees this post as she's right in the area that I'd like to explore for a home. I know I could PM her.
Travis Johnson wrote:
We have them here in Maine, but it all depends on where you live. For instance in my town, where dairy farms rule, and two of the three "selectmen" who are elected to run the town at our annual meeting are farmers, my town chooses to overlook enforcing them. Here it would not be for chainsaws and hedge trimmers, but more for bigger farm tractors and sawmills and such.
The best place to look for the overall cost of living and all taxes combined, is actually retirement websites that show such things on a state by state basis. For instance other states have far higher property taxes than what I have in Maine based on per capita basis, BUT when you include ALL the additional taxes we pay, we have the highest overall taxes in the country. The retirement sites do those calculations for you.
Judith Browning wrote:Arkansas has one of the lowest property taxes in the US. http://www.tax-rates.org/arkansas/property-tax
We owed close to $400 a year for 40 mostly timbered acres and a two story house and now that we are in this little town in a different county with less than an acre and a much smaller house our taxes are somewhere around
$250...$206.99 for 2018.
Our vehicle is taxed separately as personal property and until we bought a newer car was less than ten dollars.
Now it is $19.62 a year for a 2016 ford hybrid.
Arkansas has what is called 'Homestead Credit' that covers $350 of your taxes if you own your home and the land it is on and it's your place of residence...it has effectively lowered our taxes for years. It can't be used if you are mortgaged or don't have the deed in your name. I don't know if it could be used if one was living in a tent on their land? ...maybe.
It is not income based and is available for everyone in the state. http://www.arkansas.gov/acd/homestead_tax_credit.html
During our early years here, in the seventies, the assessor didn't even walk up the trail to our cabin...just called it 'unimproved' land because we didn't have any utilities up there. There was no Homestead Credit then so I don't know if we could have used it how we were living. Taxes were so much less then and the land we bought was $50 an acre! We still own five acres of that land and property taxes now, I think, around $75 a year.
I hear a lot of 'retirees' mention low taxes among their reasons for moving to the Ozarks. At the same time the larger more expensive homes they are building (some feel) are raising taxes for others.....
EDIT: I've corrected some things above after looking at our last tax statement. In this county we are also charged $18.00 for Ozark Mountain Solid Waste.
No taxes on food for the entire state and sales tax varies from county to county, town to town. Where we last lived it was approaching 10% but since we aren't selling things now I'm not sure what it is here.
Nicole Alderman wrote:My property taxes, on 5 acres with a manufactured home, are $4,256. We bought the place for $200,000 6 years ago. Now the estimated value is $324,000, and my taxes will be higher next year.
My parents have 1 acre, and they're 30 minutes closer to Seattle, and their house is worth just over half a million, and their property taxes are $7,800. Just four years ago, their house was worth $200,000 less!
My brother is closer into the suburbs, on 1/4 acre, with a house valued at $450,000, and they have $7,000 in property taxes every year.
I'm glad we have good schools, libraries, fire departments and roads. But, it sure would be nice to not have to spend so large a portion of our income on property taxes!