Another tax poll... city / municipal tax rate?

[mrs.spunky]

We don't have a city/municipal tax but our property taxes are 2% of FMV per year.

[SJ]

I'm pretty sure it's 0

[Deleted]

I pay taxes to the city where I work, but it's all reimbursed because I live in a different state.

I pay a county tax rate of .01

[Deleted]

We don't have a city income tax, but the sales tax is pretty high (8%).

[EmilieMadison]

Just state, which is 5.35% for income between $0 and $22,730
7.05% for income between $22,731 and $74,650
and 7.85% for income. $74,651 and over.

We do have city sales tax though, which is 7.625%. Yay.

[Deleted]

Wait a second, are we talking about city/municipal taxes imposed on property, payroll, or general purchases?

My accounting brain assumed payroll, but all these people talking about sales taxes and stuff is majorly throwing me off. Perhaps I should take a break on filing various business taxes today.

[anasara]

We don't own a house yet (looking to buy @ the end of the year) but here's what I found on our city website:

Residential Real Estate $10.78 Municipal $9.96 School $20.74 per $1000 tax valuation
Commercial Real Estate $11.93 Municipal $11.01 School $22.94 per $1000 tax valuation
Tangible $26.62 Municipal $24.57 School $51.19 per $1000 tax valuation
Motor Vehicles $19.29 Municipal $17.81 School $37.10 per $1000 tax valuation

Water Rates $2.85/100 cubic feet
Minimum Water Charge $31.66 up to 1,111 cubic feet
Sewer Charge $7.78/100 cubic feet
after the first 875 cubic feet

Several stupid things about the car tax:.

We used to have an exemption on the 1st $3000 of value but they lowered it to $500 because the state legislature is soooo not MM. Under state law, a vehicle’s condition or mileage cannot be taken into account when deciding how much it is worth for tax purposes. They use data from the National Automobile Dealers Association based on a perfect car. Who drives a perfect vehicle? Not around here with our sh!tty roads (2nd worst in the US). So they value my 3 year old Hyundia @ the same price as I paid for it when I bought it new 3 years ago.

God I hate this state.

[EmilieMadison]

Jul 6, 2012 13:03:23 GMT -5 v said:

Jul 6, 2012 13:02:32 GMT -5 papiercherri said:

Wait a second, are we talking about city/municipal taxes imposed on property, payroll, or general purchases?

My accounting brain assumed payroll, but all these people talking about sales taxes and stuff is majorly throwing me off. Perhaps I should take a break on filing various business taxes today.

I'm talking about income tax.

Yep, I answered regarding income tax but added our sales tax rate as well. For fun

[cjeanette]

municipal is I belive 6.45% on income

Property is $10.94 per $1000

[Deleted]

City income tax is 2.5%. We live within city limits and I work within city limits so I'm easy. DH works in the suburbs (1.8%) so we pay quarterly taxes to the city for the difference.

[y4m]

We don't have any local income taxes here. Sales tax is 5%, and 1% of that goes to the local governments.

[mrs.spunky]

Jul 6, 2012 13:00:23 GMT -5 @msstarry said:

My state totally sucks! High taxes and we aren't somewhere awesome to live like California or NYC, lol.

NJ is worse. We have among the highest state & local taxes (property taxes), we have 7% sales tax (though not on food & clothes) and we have state estate & inheritance taxes (only NJ and MD do). The exemption is really low too, like $675k vs. the feds is now $5MM.

[Deleted]

I'm not sure if we pay a town tax or not. Our property and school taxes are high here though compared with what people pay in other states. NY is not tax friendly.

[M]

0%

[mrs.spunky]

Jul 6, 2012 13:10:26 GMT -5 @msstarry said:

Jul 6, 2012 13:07:49 GMT -5 mrs.spunky said:

NJ is worse. We have among the highest state & local taxes (property taxes), we have 7% sales tax (though not on food & clothes) and we have state estate & inheritance taxes (only NJ and MD do). The exemption is really low too, like $675k vs. the feds is now $5MM.

Yeah but don't you guys get to go to NYC and/or the Jersey shore every weekend?

I live in probably the worst spot to visit either place every weekend. I am far enough south that going to the city is a once every other month trip if I am lucky. I am also at the very western edge along the river. I am far enough north, however, that the beach we go to is ~80 miles to the southeast. (The closest is ~45 miles east but that is the type of place you see on Jersey Shore)

[anasara]

I misread. Whoops. But our property taxes still blow.

[Norticprincess]

1.5% income. Property taxes are stupid, went up between city/county 14.3% this year. The school taxes we t up, but not that much.