I live in Illinois, which is in horrible
fiscal shape, lolol Steve was teasing me and saidthe only thing bouncing today are checks
issued by the state of Illinois lol
Actually IL has one of the lower state income taxes in the US,
it's not zero but it's 3.5%. HOWEVER huge tax increases are
coming, I would not be surprised to see this jump up to 7%.
Therefore I'm looking at moving to either FL or TX where
state tax is zero. Gotta get out of this sinking ship of a
state, plus I would give myself a huge raise just moving to a zero
state tax because I wouldn't have to pay the state tax. also our
property taxes are very high too.
Posted by marketguy on 17th of Jul 2010 at 11:54 am
c'mon down to FL Matt! I live in Hobe Sound (east coast
just north of West Palm Beach) and love it here (I used to live in
WI). Anywhere from Jupiter to Stuart, FL is a nice area right
on the beach with little to no crime to speak of (and good schools
if you have little ones). Home prices around my area peaked
out between 500-600k but can now be gotten for 250-300k or so.
law6 - I see that you posted my long term view of EWX, which is
very bullish for the long term. As far as the short term, this
uptrend line needs to hold, otherwise will correct lower, the MA's
below are support,
EWX chart
Posted by ameritrader on 17th of Jul 2010 at 01:45 am
I lived in Houston 2003-2005. In and around Houston, the real
estate property tax was 3.5% to 4%.
Unlike Calif with Prop 13, TX can raise its property tax anytime
the local government needs to. Also add school tax. TX does have
very good public schools, better then CA. CA public schools are
going broke.
wow -- that's high property tax. I lived in NY state close
to the MA border for a number of years and it is 2.8% which seemed
really high. Across the border here in MA, which is a more
affluent area, taxes are much less, maybe 1.8% or less.
Not even close, I've done the numbers, I checked and property
taxes are similar to where I live. Let's say the property tax
on a house in IL was 5K and a comparable priced house in TX was
$6K, so I lose -$1K in property tax, however if I'm paying say 24K
a year in state income tax to IL and by moving to TX I pay nothing,
I still come out $23K ahead.
I live in Illinois, which
Posted by matt on 16th of Jul 2010 at 03:39 pm
I live in Illinois, which is in horrible fiscal shape, lolol Steve was teasing me and said the only thing bouncing today are checks issued by the state of Illinois lol
I live in IL too,
Posted by oops1e on 16th of Jul 2010 at 05:42 pm
I live in IL too, ditto Matt. Makes me want to flee in indiana or elsewhere!
Actually IL has one of
Posted by matt on 16th of Jul 2010 at 08:02 pm
Actually IL has one of the lower state income taxes in the US, it's not zero but it's 3.5%. HOWEVER huge tax increases are coming, I would not be surprised to see this jump up to 7%. Therefore I'm looking at moving to either FL or TX where state tax is zero. Gotta get out of this sinking ship of a state, plus I would give myself a huge raise just moving to a zero state tax because I wouldn't have to pay the state tax. also our property taxes are very high too.
have a good weekend
c'mon down to FL Matt!
Posted by marketguy on 17th of Jul 2010 at 11:54 am
c'mon down to FL Matt! I live in Hobe Sound (east coast just north of West Palm Beach) and love it here (I used to live in WI). Anywhere from Jupiter to Stuart, FL is a nice area right on the beach with little to no crime to speak of (and good schools if you have little ones). Home prices around my area peaked out between 500-600k but can now be gotten for 250-300k or so.
Yes, but they have some
Posted by steve on 16th of Jul 2010 at 10:50 pm
Yes, but they have some of the highest property taxes in the country which more than offsets lower income taxes.
ewz
Posted by law6 on 19th of Jul 2010 at 09:04 am
any thoughts on EWX ?..been tough to draw fib confluenes or retracement projections
law6 - I see that
Posted by matt on 19th of Jul 2010 at 09:22 am
law6 - I see that you posted my long term view of EWX, which is very bullish for the long term. As far as the short term, this uptrend line needs to hold, otherwise will correct lower, the MA's below are support, EWX chart
Houston TX property tax rate 3.5 to 4%
Posted by ameritrader on 17th of Jul 2010 at 01:45 am
I lived in Houston 2003-2005. In and around Houston, the real estate property tax was 3.5% to 4%.
Unlike Calif with Prop 13, TX can raise its property tax anytime the local government needs to. Also add school tax. TX does have very good public schools, better then CA. CA public schools are going broke.
What is the property tax rate in ILL?
wow -- that's high property
Posted by Michael on 17th of Jul 2010 at 05:40 am
wow -- that's high property tax. I lived in NY state close to the MA border for a number of years and it is 2.8% which seemed really high. Across the border here in MA, which is a more affluent area, taxes are much less, maybe 1.8% or less.
Not even close, I've done
Posted by matt on 17th of Jul 2010 at 12:59 am
Not even close, I've done the numbers, I checked and property taxes are similar to where I live. Let's say the property tax on a house in IL was 5K and a comparable priced house in TX was $6K, so I lose -$1K in property tax, however if I'm paying say 24K a year in state income tax to IL and by moving to TX I pay nothing, I still come out $23K ahead.
kauai property taxes cheaper than anywhere ???
Posted by law6 on 19th of Jul 2010 at 09:09 am