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Property Taxes 2025

Posted: Fri Dec 13, 2024 8:00 am
by Sir Henry
I just received my property tax notice for 2025. It’s gone up about 50% because i added 20 acres and three new buildings. Still its low by comparison to what i was paying in Washington. I was paying almost $10K and in 2014 it was over $12K. I can only imagine what it is now.

Compare that to the $3,200 I’m paying now. Everything is cheaper here except for my gasoline. It’s cheaper by the gallon but I use so many more gallons because everything is further apart.

In February it will be my third anniversary of living here. Its one of the smartest things Ive done and moved at the right time. I may not of been able to make a decent living here during my work years but retirement is wonderful here.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 8:24 am
by GunnyGene
Just got mine a couple days ago. Same as it's been for several years. About $775 for 20acres with a house and a small shop on it. That said, MS has a Homestead Exemption for Seniors (over 65) that significantly reduces property taxes. Some other States have similar provisions that you might want to contact your county about.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 8:35 am
by Sir Henry
In two more years my property taxes should be zero as a Disabled Veteran. I need to live here for five years before thwy waive it.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 8:39 am
by GunnyGene
Sir Henry wrote:
Fri Dec 13, 2024 8:35 am
In two more years my property taxes should be zero as a Disabled Veteran. I need to live here for five years before thwy waive it.
Good! :) I think you may have to apply for it. It's not automatic afaik, at least not here.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 9:45 am
by Hatchdog
Sir Henry wrote:
Fri Dec 13, 2024 8:00 am
I just received my property tax notice for 2025. It’s gone up about 50% because i added 20 acres and three new buildings. Still its low by comparison to what i was paying in Washington. I was paying almost $10K and in 2014 it was over $12K. I can only imagine what it is now.

Compare that to the $3,200 I’m paying now. Everything is cheaper here except for my gasoline. It’s cheaper by the gallon but I use so many more gallons because everything is further apart.

In February it will be my third anniversary of living here. Its one of the smartest things Ive done and moved at the right time. I may not of been able to make a decent living here during my work years but retirement is wonderful here.
Probably best you don’t know. Here in Spokane County our taxes have exploded. Not so much from additional levies but from large home value increases by the county accessor.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 9:54 am
by HenryFan
Why is it that governments always need more money, in fact, have to have more money, but the taxpayers can get by on less?

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 11:45 am
by GunnyGene
HenryFan wrote:
Fri Dec 13, 2024 9:54 am
Why is it that governments always need more money, in fact, have to have more money, but the taxpayers can get by on less?
To better serve the tax payers, who always want more and better stuff, like roads, schools, welfare, police, etc.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 12:08 pm
by Mags
Hatchdog wrote:
Fri Dec 13, 2024 9:45 am
... Here in Spokane County our taxes have exploded. Not so much from additional levies but from large home value increases by the county accessor.
Oregon decades ago passed property tax limitation. Before, people were loosing their homes in property tax foreclosures because they couldn't keep up with the city and county skyrocking taxes. When the measure passed it also rolled back the latest assessments by some number of years. That was so long ago I don't remember the specific details. Now everything above the assessment limitation has to be voted on. Most commonly the items are 5 year bonds to fund expansion of schools and fire protection. Sometimes funding for local roads.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 12:58 pm
by HenryFan
GunnyGene wrote:
Fri Dec 13, 2024 11:45 am
HenryFan wrote:
Fri Dec 13, 2024 9:54 am
Why is it that governments always need more money, in fact, have to have more money, but the taxpayers can get by on less?
To better serve the tax payers, who always want more and better stuff, like roads, schools, welfare, police, etc.
Gunny - Unfortunately, too little is spend on those necessities and too much is wasted on social experiments and woke idiocy. I won't say more because I don't want to get so political I get excommunicated.

Re: Property Taxes 2025

Posted: Fri Dec 13, 2024 2:33 pm
by CT_Shooter
HenryFan wrote:
Fri Dec 13, 2024 12:58 pm
Why is it that governments always need more money, in fact, have to have more money, but the taxpayers can get by on less?
GunnyGene wrote:
Fri Dec 13, 2024 11:45 am
To better serve the tax payers, who always want more and better stuff, like roads, schools, welfare, police, etc.
HenryFan wrote:
Fri Dec 13, 2024 9:54 am
Gunny - Unfortunately, too little is spend on those necessities and too much is wasted on social experiments and woke idiocy. I won't say more because I don't want to get so political I get excommunicated.
HenryFan, you might not have heard about the $1.2 trillion The Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL) (H.R. 3684),

It should make a significant difference in the lives of most Americans by building roads and bridges and other "necessities".
https://en.wikipedia.org/wiki/Infrastructure_Investment_and_Jobs_Act wrote: The act was initially a $547–715 billion infrastructure package that included provisions related to federal highway aid, transit, highway safety, motor carrier, research, hazardous materials and rail programs of the Department of Transportation.[1][2] After congressional negotiations, it was amended and renamed the Infrastructure Investment and Jobs Act to add funding for broadband access, clean water and electric grid renewal in addition to the transportation and road proposals of the original House bill. This amended version included approximately $1.2 trillion in spending, with $550 billion newly authorized spending on top of what Congress was planning to authorize regularly.