Vehicle taxes where you live... how bad?

travelnutz wrote:
pitch,

15.82% property taxes is way beyond insane! Sure caught my eye!

Just looked up our property taxes and the replacement value our home owners insurance lists is $457,000 replacement. Our state equalized 50% taxable value is $168,800. Our yearly property taxes paid in year 2013 were $1,621.54 total or about 1% of the state equalized taxable value. At your NJ 15.82% tax rate our property taxes would be $26,704 plus service fee for 2013 and each year. No personal property tax here in Michigan. Even a $50,000 50% taxable value home would be $7,910 each year and what can you get for a livable home for $100,000 in NJ?

How could someone pay those kind of insane yearly property taxes for a 2800 sq ft ranch walkout on a 1/2 acre of land like ours in New Jersey? Could your taxes actually be 1.582%? Just wondering because 15.82% sounds incredibly high. I know all taxes are high on the East and West Coast states but really. Add in sales taxes and vehicle registration yearly fees and the total would be more than most people even make clear after deductions each year and that doesn't include health ins or other mandated monthly/yearly costs and eating, clothes, vehicle fuel and don't forget the mortgage payments or someone won't have to pay the taxes on a foreclosed home.

Property tax rates vary depending on what municipality you live in.
They are figured in terms of $x.xx per $100 of valuation.
I had a customer who lives in Princeton, NJ and paid $24,000 a year property tax on his house back in '93. I can't even imagine what it would be now.