These are very region dependant. My state has no income or sales tax, but the property taxes are higher, my 1 acre with a mobile home is basically 3k. It’s almost certainly cheaper than renting, but you can’t just make sweeping statements like that.
Sounds like you have the fortune of living where these things are cheaper. In Ontario, home insurance is much higher and property tax being less than 1K a year is completely unheard of.
The property tax on my house is $7000/year… and that is with a fixed assessment from 12 years ago. If I were to buy my house today, my tax would be $21000/year.
Only $1k/year in property taxes? I found this really hard to believe, then looked it up to find that Boston has one of the lowest property tax rates in the nation at an average of .49%. Consider yourself lucky I suppose, most of us are paying quite a bit more yearly. If the home you own is in fact a condo, I guess this makes more sense.
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These are very region dependant. My state has no income or sales tax, but the property taxes are higher, my 1 acre with a mobile home is basically 3k. It’s almost certainly cheaper than renting, but you can’t just make sweeping statements like that.
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Sounds like you have the fortune of living where these things are cheaper. In Ontario, home insurance is much higher and property tax being less than 1K a year is completely unheard of.
The property tax on my house is $7000/year… and that is with a fixed assessment from 12 years ago. If I were to buy my house today, my tax would be $21000/year.
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Only $1k/year in property taxes? I found this really hard to believe, then looked it up to find that Boston has one of the lowest property tax rates in the nation at an average of .49%. Consider yourself lucky I suppose, most of us are paying quite a bit more yearly. If the home you own is in fact a condo, I guess this makes more sense.
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