Last year in N.J. I paid $10,500 for property taxes on a 2100 sq ft 4 bedroom colonial on a piece of property 100'x240'. On the back of this property I also have a 40'x60' Pole Barn where I store my Classic Cars. The Pole barn made up about $500 of the total taxes for the year. During 2006 I got a notice that they wanted to raise my back properties assessment by $70,000 since my total property of 240' was separate on paper being 2 lots of 100'x120'. Based on what they wanted to do to me I could of been paying at my guess somewhere around $12,000 a year for property taxes. I felt I had no choice but to hire a lawyer and file an appeal. I did and won the appeal in front of the county tax board. The tax assessor was trying to put the screws to me and I am glad I won my appeal. I also combined both properties together in 2006 so this could not happen again in a couple of years. My property taxes for 2007 now dropped down to less then $9,000 a year since both properties were combined. Still a lot of money but better then what it could of been if I sat back and did nothing.

Where I live in N.J. there isn't any toll roads that I must use so I really have no complaints about that. Most people who live in South Jersey and need to come up to north Jersey or to New York for work have no choice but to pay the tolls but property taxes and homes in South Jersey are much cheaper from what I understand. As far as the liquor license that most restaurants don't have. Most places where I go you can pour your own wine or beer that you bring along. I never heard about a pour fee for pouring wine but then again I don't drink anymore. I usually have a diet coke with my meal. Not sticking up for New Jersey because I really can't but from what I am finding out about some of the other states right now it doesn't seem as bad as it is here. Right now the governor is setting up a property tax abatement and I should be getting back about $1100 this year from what I paid in for property taxes this year which will bring me under $8k a year.

Short story here. A friend of mine left New Jersey for Port Charlotte, Florida about 4 years ago. He built a beautiful home there paying around $2,000 a year in property taxes just 4 years ago. Well the house is now up for sale believe it or not since he is now paying around $5600.00 a year now in property taxes. On top of that his house insurance there is now $2500 a year. That's a total of $8100 a year and very close to what he would of been paying here if he stayed in New Jersey. I pay $590 a year in house insurance. He had a good paying job here in N.J. with PSE&G, left it to find what ever was available in Florida and makes less money. He just completed building a house in South Carolina and is having a hard time selling his Florida home. We will have to see what his experience will be in SC now.

 

Actually there is one toll that I know of. You have to pay to get on 95 when coming from NYC. Its only a quarter though.

But i've been wondering what I'll get boned with. I got my tax bill for my 05 Honda CBR600RR which is worth around 7500 and its a 150 bucks for the year which to me is a ton of money for something worth 7500 bucks. The vette just going on book value which is what they'll use will run me about 500 bucks. Im not looking forward to seeing that bill.

 

And I thought Illinois was bad! I guess Im here to stay for life!

 

That toll is in NY though. In the 10 years I have owned a home in CT, my real estate taxes have FALLEN twice. I pay $200 year less than when I bought in 1998. Would not live any where else!

 

Telling us you pay $200 less then you did in 1998 really tells me nothing. I am curious as to how many sq. ft. your house and total property is and how much per year property taxes? Then I can compare it to what I am paying in New Jersey just to get an idea. As I mentioned I live in a 2100 sq.ft. house on a piece of property 100'x240'. Was paying around $10,500 a year in 2006 and now just under $9000 in 2007 with a rebate on the way of another possible $1100 to take off the top.

By the way everyone our sales tax went from 6% to 7% to allow for this new rebate. Kind of just shuffling the money around wouldn't you say but everyone pays for it.

 

ffas23...I really liked living in Jersey. The upshot to having high expenses was my comensurately higher salary. I lived in Toms River, so my taxes were clearly not as bad as yours. My lot was big, too and the ranch houses on my street were being renovated into MSOBPs (monolithic structures of biblical proportions). I just got priced out of the market.
The good news is, I made a ton of money on the house, bought a Vette, taking a mediterranean cruise, paid off my credit cards and live in a house 2x as big which costs 1/2 as much. Life was good in Jersey. Life is GREAT in Michigan.

P.s., I still have family there....When I visit, I'll look you up. You can take me for a ride in your car!

 

Toms River is about 65 or so miles away from me depending on where you lived since Toms River is a pretty big area right outside of Seaside Park. Spent a lot of time there during the mid 70's when my then girlfriends family moved down to Toms River prior to retirement. For a few years they hated having to go up and down the Parkway back up North to work and pay the tolls back and forth. Each toll was a quarter then having to pay 3 or 4 times up and then back. They lived off the Fisher Blvd section of Toms River at the time.

 

I live in a 2500 sq ft house on a 1/2 acre and my taxes are $4,300 per year. Without getting too specific, houses in my neighborhood sell in the $1-1.8 million range.

 

I would have to say what you are paying is reasonable for the Northeast area.

 

I agree. That's why I don't care about the $134/year in personal property tax on my Vette. Also, there are no inspections on cars made before 1981, only a VIN check. So, nothing to complain about here.

 

You really don't have much to complain about Mick. Just curious though. What is the percentage that has to be paid to Conn. every year on personal property and what does this extend to. I would assume anything from every car you drive, motorcycle, atv, boats etc. What about anything else?

I have quite a few cars and trucks under my name and I am curious to what percentage they use per car. Let me know and I will figure out what I would have to pay to live in Conn.

 

It seems silly to have to pay tax on personal property. But each State has their own rules and it just about evens out everywhere. If your taxes are high, the salaries there are high so it basically doesn't matter overall. Your taxes are roughly double what ours are, but I can guarantee our salaries out here are near poverty level compared to yours...

 

In my case I have a small busines. I make purchases from different states and locally for resale just like a business the same as mine would do say living in your state. I have to compete like everyone else here in my state. As far as salaries go that may be true if you work for someone. If I don't have the right price they go elsewhere. I made more money back in the 80's then I am making today. Right now I am looking at retirement at some point and have been looking at my options for down the road in whether I should stay put or move to a more tax friendly state.

 

The Mill Rate in my town is 7.763 of the NADA book value on cars, boats, planes and motorcycles. It could be higher or lower in other towns in CT. CT still works on town by town basis for property taxes, so you get what you pay for which I think is fair.

 

Wow I am just figuring on a $100,000.00 that I feel my '67 and my '34 are probably worth together and come up with $7,763.00 and that is only 2 of my collector cars. With my others and everyday vehicles I couldn't afford to live in Connecticut from what I can see. At $134 a year that you pay for your '72 that would make it worth about $1800. Am I doing the math correctly? I am pretty sure you mean the Mill Rate is 7.763 cents of the dollar amount the vehicles are worth. In other words if the vehicle is worth say $1,000 the mill rate would be $77.63 am I correct?

 

Your towns mil rate is only 7.763? In East Windsor Im paying 27.912. No wonder your taxes are so low on your house. Ive been looking for houses as of late and Ive been finding the taxes on the houses are anywhere from 2000 to 4000 for a 200k dollar house.

 

Yeah, but it costs $1 million to buy a 2,000 sq. ft Cape Cod in my town. So, not sure which is better...

 

Actually, according to my tax bill, the car is valued at $17,360.00. Not sure how this works.