Unfortunately, those of us in TX where the state derives it's income primarily from property taxes are paying an arm and a leg in property taxes.

If you really want to get depressed make a list of every form of taxation that you pay both directly (income, RE, sales, fees, etc) and indirectly (payroll taxes at your local lumber yard when you shop there) and then estimate how many dollars you are paying in taxes for each. I've heard estimates as high as 65% of middle class income goes to all the various forms of taxes. That's pretty high but much of Europe with their VAT tax, the estimate is around 80% meaning only 20% of income actually directly benefits the earner. We aren't as far from socialism as some might think.

When the original bill writers were crafting the income tax bill they proposed to cap it at 6%. It was left out because they feared that they would loose votes because 6% was an astronomically high percentage and we would never get to that level. If only they could see us now.

Is this for all property tax including rental properties?

All property tax about $74 a day

Personal property tax is only about $8.50 a day

Insurance on all properties is also about $74 a day

I'd need to run the numbers in October to get the best answer, but I think the rentals are about $30-$35/day collectively.

I was down with Covid unexpectedly and missed my tax protest deadline in one county. One of them went up 75% and the other went up 24%. Ooops.

I'm not going to figure out per day, but my property taxes are higher, much higher, than my income tax.

Appraisal notices just came out and appraisals have just about doubled. Can't really appeal because that is what sales prices have done and I could sell for what the assessor says I can.

I'm going to add this: in North Idaho, I can see what I am getting for my taxes. Roads are excellent, snow plowing is prompt, we have a good police force, the school are orderly and the kids polite (although I don't actually know if they are learning anything), our parks are beautiful, the city collects autumn leafs and runs the street sweeper all year so roads are clean.

Oregon,

Property Taxes about $56 a day not counting personal, so I'm rounding up to $65 or so.

We have a volunteer fire department, no trash service, a private well and septic, and the post office won't deliver to several of our places. So except for schools I'm not sure what we are paying for except county employee salaries. They are the largest employer here.

" I've heard estimates as high as 65% of middle class income goes to all the various forms of taxes. "

! 2021 US GDP was $21T, total US taxes collected was $4T, or 19%. My effective tax rate for 2021 was less than 17%.

Nice try. Where did I say FEDERAL tax. You forgot state, county, city, school district, and the various other taxing authorities. The $4T also excludes all the "special" taxes such as SS, SSI, Federal Gas tax, and agency permits and fees which aren't counted in the $4T.

My tiny empire in my backwater state is still $44.67 per day in property taxes alone. (If I calculated correctly)

My tiny empire in my backwater state is still $44.67 per day in property taxes alone. (If I calculated correctly)

My tiny empire in my backwater state is still $44.67 per day in property taxes alone. (If I calculated correctly)

according to OECD.org which is a highly respected worldwide data organization, "government general spending - 47.8% of GDP". Knowing that the lower 60% of Americans pay no Federal taxes leaving the middle and upper income paying the majority our share is higher than average.

If you don't like OECD.org, there are literally dozens of other sources that say the same thing, I've seen estimates anywhere from 50-65% of middle class income goes to to direct and indirect taxation, many of which you never directly see (by design). You are paying taxes at every transaction. Shoot, look at your phone bill and see how many hidden taxes there are just on it. Little by little it all adds up to over half and some estimate as high as 65% of every dollar you make going to taxes. You don't have to take my word for it, research it yourself.

Roy, Hawaii has a lower property tax rate than you. Yours is .41% and theirs is .28% although their state median home value is 4X yours so I guess it depends on how you look at it.

I would point out that I don't pay state income tax, how about you?

Property tax $208/day

It is interesting to see how varied the taxes are but it doesn't help out much without knowing what the investment is. A million dollar of residential property is assessed differently than a million in commercial in Pa.

Then again I have a 2 million dollar commercial place in Southern Illinois that pays the nearly the same amount of tax as a half million dollar commercial place in Northern Illinois. Both of them are between $16,000 and $17,000 in property tax. In wish I could explain why. In Pa, if you are paying $2,400 per SFH, you are doing alright.