Reply to Median Retirement Savings of Pre-Retirees is $17,000

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My property taxes are $1000 a month[/quote]

And where do you live?  Do you think most of America lives in a home like yours? [/quote]

Toronto
No, but i don't know anyone who pays under $500.[/quote]

You need to get out more.

The median property tax in FL (lots of seniors) is $1,773 -- A YEAR and no income tax.

Texas is considered a high property tax state and average is $2,275 -- A YEAR and no income tax.

Haha- you choose to use Texas and Florida as examples?  Check out taxes in Massachusetts, New Jersey, and Oregon.  All places I’d love to retire to (ok maybe not NJ), but property taxes, even in more “reasonably”priced towns are through the roof.

[/quote][/quote]

Ok, you get the concept of property taxes right?  They are a percentage of the assessed value of your home.  So if you live in an expensive house (NJ or MA for example) you are going to have a higher tax burden since your house is worth more.

BTW  Medians:

NJ $6500
MA $3511
OR $2200

Oregon is your best bet and not through the roof though I would suggest Washington state since the property taxes are comparable to Oregon butt they too don't have an income tax even on retirement income. [/quote]

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