Vice Presidential Debate

[CJD]

(10-08-2020, 12:30 PM)Truck_1_0_1_ Wrote:

I have a (appraised at) $400,000.00 home and I pay only $2,700 and change in property taxes a year.

Either we're taxed too low up here or you guys are getting horrifically-gouged; only people that pay over $10,000.00 in property taxes here in Ontario are if you live in downtown Toronto or if you have a 1.5 million dollar home.

Yea, property taxes are pretty crazy in America. For example, property tax in Cincinnati is 1.77%. 

So a 564,000 dollar home would be 10,000 dollars property tax.

In areas like New York or New Jersey, there are a fair number of people with higher than 10,000 in property tax.

I'm lucky enough to currently own a home with a tax abatement, so I only pay about $4,000 per year. But once that ends in 6 years, I think it goes up to $8,000 or so.