im thankful to my departed dad for teaching me that a fellow needs nothing more than a shack to hang his hat . ive built my own little house in indiana ( twice ) , now im 63 , on SS , and making 184 . 00 mortgage payments . taxes are 190 bucks a year . im not even trying to pay it off early now because id lose my mortgage exemption ( property tax break ) .
@lisad27013 жыл бұрын
I relocated from southern California to Arkansas in 2004. I have 36 gorgeous acres (1/2 virgin forest, 1/2 rolling meadows, 2-1/2 acre lake), excellent horse facilities/fencing and a very modest house. I live on a paved road and have city water. One corner of the property has a natural gas line across the street. My property taxes have always been $48/year and now they are frozen. Where can you beat that?
@jaytilala73882 жыл бұрын
wait, what? $48? that's it? you serious?
@markpang88472 жыл бұрын
Please correct me if I’m wrong…did some simple math. If the .4 or “0.004” tax rate is correct in your county, your 36 acres are worth $12,000 (in the county/state eyes)??? That would mean that each acre you purchased would average out to around $333.00? Three hundred and thirty-three dollars? Please, tell me you are an honest person. And please share with me which county/town you are near. Thank you.
@marufcipariupt64452 жыл бұрын
Try to move to central java, Indonesia. Precisely in Cilacap. You must be Amazed. I help you
@bettyschneider52682 жыл бұрын
Are you bragging or complaining! Lol 😂 🎭🇺🇸🏘🏚🦇🏙🌃🗽🌉 Just be happy you have anything!
@sandyelliott33502 жыл бұрын
What county are you in ? Sounds like what I'm looking for.
@sunstirade1085 Жыл бұрын
Abolish the property tax!
@rimfire82172 ай бұрын
Replace them with a Land Value Tax
@ianman15 Жыл бұрын
I paid my property taxes in January here in Hamilton County in Chattanooga, TN for a 1,200 square foot home (2 bedroom/1 bath with an attached garage) on land that takes about an hour in which to cut the lawn. The amount was $1,234.01. Yesterday I got a rebate check for $336.55 for being over 65 and having an income of less than $31,000 per year. That bring my tax down to $897.46. Hard to beat that.
@asun419666 ай бұрын
Chattanooga is so nice I went there in 2012 I loved the aquarium and the river boats the outdoor concert areas are so nice I was impressed. !!
@RICHARDRamirez-ff7td5 ай бұрын
iam a low life squatter! my property tax is zero!
@Hannahbenowitz6 ай бұрын
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
@FinnBraylon6 ай бұрын
Tax code changes taught me to you can build resilience into my portfolio. Diversification is key! My set manager helped me spread my investments across different asset classes like stocks, bonds, and real estate so that a positive tax code change here can help minimize the impact of a negative tax code change.
@HildaBennet6 ай бұрын
I agree. From my experience working with a financial manager, I currently have ($2million) in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@PennyBergeron-os4ch6 ай бұрын
Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
@HildaBennet6 ай бұрын
I work with Sonya Lee Mitchell as my fiduciary. Simply look up the name. You would discover the information you needed to schedule an appointment.
@PennyBergeron-os4ch6 ай бұрын
I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
@ladiiblue2u6343 жыл бұрын
As a resident of Arkansas I agree it's pretty cheap to live in here. I have a home outside of Pine Bluff on land and my taxes are quite low and I love it
@james_jr3 жыл бұрын
On land...nice.
@ladiiblue2u6343 жыл бұрын
@@james_jr had my house built from the ground up
@danholm49523 жыл бұрын
Remember also.. I lived in WAY rural Ky and paid little taxes..I hope so as there are no schools close, cops or fire that would ever get to you when your so out in the sticks.. Thats what I worried about..I was 45 min from the nearest hospital.. You have a heart attack or stroke where I lived? Your done!
@danholm49523 жыл бұрын
Many from here in N Ill moved to Mountain home area...
@travisscott46753 жыл бұрын
@@ladiiblue2u634 AMEN
@proudamerican40503 жыл бұрын
Don't let that median home price of $300,000 in Colorado fool you. All you get for that is a condo or townhouse. Bidding wars are crazy here, people offering cash and $500,000+ homes only on the market for days. It's gorgeous here but so expensive! Great video Briggs 👍🏻
@ericdavisii39123 жыл бұрын
Yeah this new market is impossible to buy a home in without a surplus of cash on hand and no Care for a home inspection
@Scar-jg4bn3 жыл бұрын
Lol, Colorado Springs Houses are going for $500k. It's insane.
@cherrlyn3813 жыл бұрын
Limon and eastern Colorado keep the average price low.
@riverraisin12 жыл бұрын
Same in AZ. My homes value has gone up about $150k in the last 12 months.
@sportsfan17172 жыл бұрын
Overpriced and overcrowded and didn't used to be either.
@HomesteadForALiving3 жыл бұрын
Whenever I think we’ve left a feudal dictatorship system, I remember that I have to pay rent on land I “own”.
@deirdre1083 жыл бұрын
That's right! Property tax is your rent payment. Don't pay it and you'll see who REALLY owns "your" property.
@markn.reprisal94723 жыл бұрын
That's why you *Have* to Learn what ALLODIAL TITLE is...and *LIVE* by it !!!!!!!
@poppylove36732 жыл бұрын
@@markn.reprisal9472 Is this something you can actually use to change something, or more of a philosophical how things should be, but most likely won’t be?
@JoeyDNetsfan2 жыл бұрын
@@poppylove3673 according to Google, it looks like it’s a real thing
@Mii.2.02 жыл бұрын
You probably envy homeless people in tents since THEY don't have to pay property taxes!
@MG-ot2yr3 жыл бұрын
You also have to look at income tax rates, some of these low property tax states have higher than average income tax rates, like Hawaii has high income tax rates, as well as high utility rates but lowest home owner's insurance rates.....so you gotta look at the whole package so see if there's actual savings.
@lb34062 жыл бұрын
M G good point Florida has no state income tax and if you own your home over 20 years your property tax goes down you already get a 25,000 exemption and if you are 65 you get another 25,000 exemption. My tax was a little over 200.00 this year for a 1200 square foot home. Cost of living is good.
@prushimush2 жыл бұрын
Delaware (number 5) is pretty interesting. Income tax rate is pretty high, but wages and cost of living are highish, property tax is low, and there is no sales tax. The state also taxes homes at deed transfer. This still worked out to be much cheaper for me vs. PA with its flat income tax, but it would be the other way around if I made over 250k gross W2 income. They always have a way to get you.
@MG-ot2yr2 жыл бұрын
@@lb3406 I looked at Florida and decided I couldn't live there regardless of any low or no tax incentives. Insurance is high, there's the prospect of major hurricanes, its mostly flat, I'm not a beach person and really wouldn't fit in with the Floridian culture. I'm in No. VA right now, in the historic center of Leesburg in Loudoun County, property tax is high but only because due to location the value of my house is high, property tax rates though are not bad, income tax is average, utilities and insurance low and I like VA...probably will stay in VA but move to a lower cost area, looking at some historic towns in the Shenandoah area.
@MG-ot2yr2 жыл бұрын
@@prushimush I considered Delaware, was born there and have family there, but yes while property tax is pretty low, but income tax is high, I'd be hit at the 6.6% rate even though I'm retired, my annuity puts me into the highest tax bracket, plus I'd get really whacked with retirement fund withdrawals, all mostly subject to tax. But once that's complete, I could still consider moving there at a later time. But do really like VA, has a little bit of everything here.
@GreggBB3 жыл бұрын
You were right---#1 was a total surprise. Very informative. Like others, enjoy tax information videos from you.
@evadoubleu3 жыл бұрын
When I heard that South Carolina has low property tax, I laughed. South Carolina PTBs would tax the air one breathes if they could. There is property tax on everything one owns. Land, buildings, vehicles... Anything that has to be "registered" will and can be taxed. Everyone that lives (or lived) here knows that.
@andrewpfantz9643 жыл бұрын
Missouri is the same way, idk what it’s called in South Carolina but in MO it’s called personal property tax
@djack9152 жыл бұрын
And SC taxes FOOD u buy, also retirement from other states as long as you're ALIVE !
@talaverajr3912 жыл бұрын
@@andrewpfantz964 I know it sucks.
@StevenGrahamHypnotherapist3 жыл бұрын
Great video as always Briggs. Here’s something to consider: The effective property tax rate in Mississippi is one of the 10 lowest in the nation. And, anyone over the age of 65 can enjoy a homestead exemption on the first $75,000 of the home’s value. So how about a video on how freakin cheap it can be for your audience of Tubers & Tubettes who are retired and looking for overall cheapness in the US when it comes to home ownership? Yeah boy, that would be most awesome!
@memyself44313 жыл бұрын
I been to Mississippi and it was very hot humid and poor
@Chris_at_Home3 жыл бұрын
In Alaska where I live you get a $218,000 tax exemption on your primary residence if you are over 65. The tax rate is 1.6% with some sales taxes depending on what town you are in. Even then it is only a few percent and capped at $300.
@StevenGrahamHypnotherapist3 жыл бұрын
@@memyself4431 - Me too. Yes, it is hot & humid, but it’s THE CHEAPEST STATE IN THE US TO LIVE IN!”
@StevenGrahamHypnotherapist3 жыл бұрын
@@Chris_at_Home - Now, THAT is what Briggs needs to address. Thanks!
@Chris_at_Home3 жыл бұрын
@@StevenGrahamHypnotherapist You would be surprise the number of retirees that move here. There is no income tax either. The downside is many things are expensive.
@selenaseibt3062 жыл бұрын
Saving you time: 10. Arkansas 9. Wyoming 8. Nevada 7. West Virginia 6. South Carolina
@Dangic233 жыл бұрын
In Wyoming You almost pay more in vehicle registration renewal, than your house property taxes.
@philly7993 жыл бұрын
I live in Idaho. My house is worth about $500k, and my property tax bill, which I just paid, is about $1,700. Seems very low to me!
@leslielucci31823 жыл бұрын
It is. On Long Island, NY depending on school district it would be $17k with annual increases of $300-$500. Still a bargain compared to the costs of living in NYC. Because of high property taxes, LI has had a declining student enrollment for nearly two decades, still no decrease in taxes because the costs are locked into teacher compensation contracts and union agreements that were made decades ago.
@philly7992 жыл бұрын
@@leslielucci3182 Ouch! I call that theft.
@Mathin3D2 жыл бұрын
Who the heII told you your home is *worth* 500K? The market? LULZ. The real value of real estate is about (1/.02) x property tax bill. In your case that is about 85K
@philly7992 жыл бұрын
@@Mathin3D Where I live, you could not even buy the land for $85k. Several houses in my neighborhood which are similar in size, have sold for $500k+ recently. It's not that difficult to look at comps and data. Do you have any idea what you're talking about?
@RZ99332 жыл бұрын
@@leslielucci3182 I too live on long Island. My house value is $450k and pay over $9k annually in property tax
@tamedshrew2353 жыл бұрын
My daughter and grandson recently moved to Las Vegas where she is renting. She tells me Nevada/Las Vegas has very high sales taxes and many things that arent taxed here in PA are subject to sales tax there. True, this tax policy will harvest Nevada alot of money from tourists who dont absorb much state expenditures, but on the whole it seems to penalize young people and low wage workers.
@mirzaahmed65893 жыл бұрын
Sales tax isn't too bad. With no income tax, low property taxes, it's not bad overall.
@hockey1freak3 жыл бұрын
US tax policy always punishes young people and low income.
@gregthompson34813 жыл бұрын
I´m from PA and moved to Houston,Texas and I think the sales tax here is absurd. I´ll order something for $1.29 in a drive thru and end up paying $1.49 at the window. They tax everything unlike PA which didn´t tax necessities like groceries, clothres, and medicine. I usually end up paying almost 10% in sales tax here. I don´t pay state income tax but end up paying probably just as much if not more in sales tax here.
@ubermenschen36363 жыл бұрын
@@gregthompson3481 ::: shut up. You got it good. California property tax rate is nearly 2%, not counting special assessments for flood control, library, fire station improvement, street lighting, sewer treatment, rodent abatement, and whatever the corrupt politicians can tack on. California has the highest and numerous taxes in USA. Don’t move to California unless you are willing to bend over and forced to pay the following taxes: State and Federal income tax, tax on interest and dividend, capital gain, sales tax ( in LA City the rate is nearly 12%), Federal and State tax on motor fuel, tire tax, battery tax, tobacco tax, liquor tax, lottery tax, natural gas tax, electricity tax, water tax, cellphone tax, terrestrial phone tax, cable TV tax, satellite and cable internet tax, auto registration tax, smog tax, professional license tax, recycle consumer electronics tax, recycle aluminum can-glass and plastic container tax, framing lumber tax, latex paint tax, airport-travel tax, hotel bed tax, Federal and State inheritance taxes ( death taxes).
@riverraisin12 жыл бұрын
@@ubermenschen3636 You forgot thumb tax.
@theroaminggnomad3 жыл бұрын
I'm surprised TN isn't on that list. I owned a home there for a while and found it pretty cheap. That was only 3 years ago.
@briananderson71223 жыл бұрын
I’m surprised too
@DAnielIvey13 жыл бұрын
I live in Alabama, so I compare the cost of utilities and water to where I live in north Alabama is cheaper to live in South Tennessee than in North Alabama when it calls cost-of-living. Still, the sales tax is relatively higher than North Alabama's 5% higher, and the property tax in Tennessee is higher than in Alabama. Still, Tennessee has more benefits of living in it, and the cost of living is low, so it makes it very easy to be surprised it's not on this list because it doesn't have the cost of living in it. Me and the cost of living, like for gasoline stuff and gas, can be higher than Alabama's, but at times, it can be lower.
@PAULY-P3 жыл бұрын
But that was when Ámerica was put first. Not last.
@theroaminggnomad3 жыл бұрын
@@PAULY-P yeah well thank all the @$$holz for voting Biden in, aka Satan incarnate 🤷
@andrealmoseley657528 күн бұрын
Im looking to move there because my grandchidren are there @@DAnielIvey1
@redpilledbachelor77763 жыл бұрын
"West Virginia gets a cold winter" New England states - am i a joke to you?
@tolpacourt3 жыл бұрын
W. Virginia has much milder winters than any New England state.
@Martin-jo1qc2 жыл бұрын
So is W VA a good investment in buying a house? What areas are best to live in?
@GeeEm13132 жыл бұрын
New England states are not on this list.
@prushimush2 жыл бұрын
West Virginia at its coldest is similar to the warmest places in New England: southern CT across the Long Island Sound. That's probably about all it has in common with CT, though, lol. New England gets really cold once you're north or west of Boston.
@barrywainwright33914 ай бұрын
I live in NJ, and our winters are brutal too. I would rather live in the mountains where the cost of living is lower.
@thullraven13 жыл бұрын
It's a shock to the system knowing that I'm paying three times as much Property Tax in Texas on my $200k home than I would be paying in Hawaii on a $600k home. Wow!
@thullraven13 жыл бұрын
Well, at least Hawaii does that right, but you have to be wealthy to live there because of the cost of living.
@joeprimal20443 жыл бұрын
Yes. the property tax in TX is insane. It's more than a mortgage these days.
@griff4d72 жыл бұрын
Ya, but you can’t find a $600 k house in hawaii, at least not if you’re on Oahu.
@burtonboarder5032 жыл бұрын
moved back to Portland OR area from DFW a couple months ago. Our $180k DFW home had higher property taxes than our $450k home here in PDX.
@zipsfranquemont71042 жыл бұрын
But what is your state income tax in TX?
@VL19753 жыл бұрын
As I always say about SC, the cost of living is low but then again they don't pay ya shit.
@StephRich8885 ай бұрын
Sounds like a lot of states in America don’t pay you much
@LWRC Жыл бұрын
@0:42 For renters, landlord will have you pay at least a portion of the property tax! Not true!!! The renters pay 100% of the property taxes and all other associated costs. This comes off the top on the income statement FIRST and if the property doesn't produce positive cashflow, it is unlikely the landlord will keep it!!!
@savikas3 жыл бұрын
Wow, new video! Gonna grab some cup of coffee!
@georgedykes55333 жыл бұрын
I live in Arkansas and claim homestead exemption so my taxes are $25 a year.
@hoobered1232 Жыл бұрын
hello Im a long islander dying to get out. Can you describe "homestead"
@mjpottertx3 жыл бұрын
Alabama is low on property tax, but they have a 5% income tax, plus local property taxes. Been looking at it for retirement.
@roberthagberg54823 жыл бұрын
When u turn 65, depending on the money u make u may not have to pay any property taxes. I have a mobile home on 44+ acres n I pay "NO" property taxes.
@mjpottertx3 жыл бұрын
@@roberthagberg5482 I thought that was for veterans. Probably make too much anyway, and retiring in my early 60s..
@roberthagberg54823 жыл бұрын
I make about $2700 a month. Money is from a trust from my parents n S.S.
@joecharrette9335Ай бұрын
I've been looking at Alabama for retirement also. It's far more tax friendly (especially for retirees) than my current state of Wisconsin, not to mention far more mild winters.
@darrenstettner53812 жыл бұрын
I’m a proud new West Virginian and that’s in part due to Brigg’s favorable reviews. I think it’s a fantastic place to be. Low property taxes are an added bonus.
@dubreil072 жыл бұрын
West Virginia sucks
@darrenstettner53812 жыл бұрын
@@dubreil07 you sound jealous.
@scottballin3798 Жыл бұрын
In the Kenai Borough (county) in Alaska, I get from the borough a $50,000. 00 property tax exemption and when I turn 65 my property tax exemption is $350,000.00 which means as long as your house is valued at under 350K. you pay zero property tax. In other words ..... this place is excellent
@georgesouthwick70003 жыл бұрын
It seems to me that the total cost of living, not just the property taxes is a more meaningful indicator of the better places to live.
@bananaboat18083 жыл бұрын
Unless you’re referring to San Francisco, Seattle, LA, or NYC.
@arthurbrumagem38443 жыл бұрын
That would be my thought as well. After all states all need revenue and get it somehow. Each person needs to look at the overall picture as to what aspect of those “ taxes “ affect them the most
@mxtv12583 жыл бұрын
Who has the best overall cost of living that you know?
@scvcebc3 жыл бұрын
Hawaii also gives progressively large discounts for seniors, the older you are, the bigger the homeowner's exemption and therefore the lower the property tax. Like Nevada, they generate tax revenue from tourism, allowing lower taxes for their residents. The cost of living overall is high there, in addition to high housing costs, most food and goods are imported from the mainland and there cost more.
@jimmcdiarmid7308 Жыл бұрын
But Hawaii keeps raising the land assessment. Thie year it was raised 40%
@selenaseibt3062 жыл бұрын
5. Delaware 4. Louisiana 3. Colorado 2. Alabama 1. Hawaii (Yes, really. Go figure.)
@williamcody52713 жыл бұрын
Again Briggs, you need to further your data search to include county and local additions to the state portion of property tax to find the true "effective" tax rate.
@jimtadlock10823 жыл бұрын
Great video Briggs. Greetings from Alabama!
@niveusgaius3 жыл бұрын
I paid $400 a year in Lonoke county Arkansas in the 90’s for a nice house on 5 acre lot. The reason all these low tax states suck is there’s no services ‘cause there’s no money.
@yoalaskan3275 Жыл бұрын
Yeah come visit upstate NY..lack of services, doctors that you have to book 3-4months out. Food and grocery items dont deliver due shortage of drivers, shitty roads. They charge you for packaging for take out food
@wesleyhouse20823 жыл бұрын
Arkansas charges property tax on ALL property, cars/boats/4wheelers etc. that should factor in to the property $’s if you’re thinking about moving there
@harijotkhalsa55462 жыл бұрын
a property tax on cars!?
@yingyang-n4h3 жыл бұрын
Would love to see a city version of the same list (videos divided by city size category)
@WorldAccordingToBriggs3 жыл бұрын
Going to do counties soon.
@johnpetrucci25903 жыл бұрын
Yeah my state is a fairly low percentage but my county is super high..
@StephRich8885 ай бұрын
Yea I remember when living in Louisiana there was affordable property tax but so much crime there that’s why I don’t want to go back there
@1776SOL3 жыл бұрын
Nearly 15yrs ago my wife & I moved from one of the lowest property tax towns in NJ in a fair to avg school system. We had a 1300sqft 3/3 on 0.15ac for $3,400/yr taxes, same house next town over would've been over $7k/yr. We moved to a South Carolina suburb of Charlotte, NC in a nationally ranked & nationally awarded school district into a 2950sqft 4/2.5 on 0.30ac even trade money. Our 1st year property taxes, $1050/yr. When we moved nearly 13yrs later to a coastal SC town our taxes were only $1,700/yr only due to bonds taken out over the years to build more schools because of massive growth from NJ/NY/CT/MA/OH/WV transplants. Those schools are still nationally ranked & awarded even with the growth.
@davidgiles50303 жыл бұрын
What's sad is the poor quality of education in many places in your country. Your education depends on your parents wealth. Most 1st world countries have the same quality of education no matter where you live. In so many ways it sucks to be American.
@JoeyDNetsfan2 жыл бұрын
Apparently schools here in NJ are “#1 in the nation” yet I call BS because when I went to school it was terrible. Some of the teachers were lazy, terrible, and the curriculum sucked, the board of Ed ALWAYS had a lack of funding.
@1776SOL2 жыл бұрын
@@davidgiles5030While you are largely correct in your assessment, it's much more nuanced. Take these two middle class counties. The county I grewup in NJ has appx 300k ppl w/ 7.43% poverty rate & 3.12% avg effect property rate for $6761 avg property taxes vs county in SC 280k ppl w/ 10.5% poverty rate & 0.62% avg effect property rate for $1157. These four SC school districts are out performing 11 school districts in my NJ home county that are drawing from an avg of nearly 6x the property taxes collected. All of this is say just a factor in a myriad of factors is how money is spent not how much money is spent.
@sexygeek89962 жыл бұрын
I don't have kids, so I'd rather have lousy schools than high property taxes. Many high-tax states squander "education" money on unnecessary things like fancy sports facilities for their athletes and fancy offices for their administrators.
@wandahall44353 жыл бұрын
Hey Briggs Great to see You 👀. Texas does have high property taxes for sure...
@raphaelszok85613 жыл бұрын
Yep here in Alabama property tax is real cheap due to large landowners with forrest and farms but the car tags are high as hell. A tag for my Nissan Frontier is 270.00 a year.
@lechinajames54713 жыл бұрын
Northern AL is the best!
@timothycook29173 жыл бұрын
@@LivingBetterOutdoors In Idaho its $65 for one year or $100 for 2 years
@timothycook29173 жыл бұрын
@@LivingBetterOutdoors We got our first snowfall for the season this morning in my part of the state...very late for the year
@memyself44313 жыл бұрын
I lived in Huntsville Alabama and New Hope Alabama and Gurley Alabama I loved it. For me, it was a dream come true, until I moved to Birmingham and saw allll the cock roaches that people actually live with.
@alanploetz71003 жыл бұрын
@@timothycook2917 that is amazingly low. I'm in MN - the state of 10,000 taxes. I like Idaho too, have a niece who lives there, don't mind your snow as we're expecting 4-6" overnight, but just don't like your large influx of Californians. 😒
@stevecheung47502 жыл бұрын
In Hawaii, senior couple get $120,000 home exemption. If your annual household income is below $60K, the property tax is capped at 4% of your income. But if the residential property is bought for investment and if the appraised value is over $1 million, then the property tax rate doubles. Still quite a good deal.
@Sly88Frye2 жыл бұрын
I've also heard that California despite being incredibly expensive themselves actually has low property taxes compared to a lot of other states too. Of course I guess that can be done here when so many houses cost like a million dollars here.
@JBoy340a Жыл бұрын
It is called Prop 13. The tax rate is a little over 1%. However, the great thing is that is largely based on how much you bought your house for. Then then only increase the tax bill about 1%/year. So, for a 600,000 home year 1 property tax is 6,000, year 2 can go to 6060, year 3 to 6120, .... Meanwhile, the market price of the house can go much faster. The idea is to ensure people do not get priced out of their homes due to rising property taxes, especially in their old age. And this makes sense since your neighbor sold their house for a bundle put no money in your pocket. There have been some additional fees added and some places have this Mello/Rose adder that was supposed to be short term but has become permanent. Avoid buying in those areas if you can.
@infernalchaos10662 жыл бұрын
As an Alaskan, I'm going to have to rebut your "there's no state without property tax" statement. While most of the Boroughs (counties) do impose property tax, there's at least two that do not (including the Denali Borough, a very desirable place to live). Which means those people do not pay sales tax (Alaska does not have sales tax), state income tax (Alaska does not have a state income tax), and no property tax, either.
@carriekernel55643 жыл бұрын
The All Time Basher of Every Topic !
@sangheeozuna38943 жыл бұрын
Florida, Tennessee and Neveda have no State income tax with very low property tax. So, If I have a choice to move, I would pick one from above mentioned states. I live in Texas, and many people are moving in droves. Texas is not cheap by the way as it advertised. Property tax is is high and housing market has been so 😧crazy
@sarahbank93652 жыл бұрын
Flood insurance premiums in FL eat into a lot of savings people expect when moving there. Especially since the FEMA flood insurance rules changed to shift more of the risk to homeowners in areas with high probability of damages.
@michaelzaiser73662 жыл бұрын
Except for when I lived in TN they taxed me 50 bucks at the grocery story for food. They get you on essentials. It was a Costco and I spent about $400 on groceries but come on….
@kevinblackburn31982 жыл бұрын
My daughter lives in Texas and the issue of high property taxes is real. Not only because it's high but because local municipalities keep raising them. My daughter's property tax is 2.34!
@djack9152 жыл бұрын
Wow ! Looks like I'm going to Nevada
@lb34062 жыл бұрын
My insurance isn't that bad. Property tax is only 250.00 for a 1200 square feet home. I live inland not on either coast. Florida is good for retirement. You get 25,000 exemption and when you turn 65 you get another 25,000 exemption.
@skillman463 жыл бұрын
South Carolina, Arkansas Louisiana, West Virginia, Nevada and Alabama “finally make it on a positive list”. Did you ever think these states are on those negative lists because of of under funding partly because of low property taxes?
@stangtrax2 жыл бұрын
Then Alabama should pass the lottery to use that income.
@Rhaspun Жыл бұрын
Yes. Infrastructure has to be built and maintained.
@MrRabidtroll3 жыл бұрын
As you ought to know taxes are based on assessed value, not market value. It seems that there is no data on how states assess property so no way to compare and contrast states this way.
@johnmac47693 жыл бұрын
I don't think you take into account what the accessed property values are. I do live in Ala and have a house valued at $350,000. My taxes are $900. I moved here from N.J. where I was paying $13,000 on my property there. My accessed property value was around $450.000.
@scottballin3798 Жыл бұрын
I live in Alaska and have been my own "Briggs Style" research on the lowest tax state for seniors and regular aged people. The answer is Alaska. Dear Mr. Briggs can you or anyone else help me find a better tax haven than Alaska. Please see my other comment regarding the Kenai Borough's amazing property tax exemption
@BrogeKilrain3 жыл бұрын
Hey hey 👋🏼 Delaware had ZERO SALES TAX TOO !!
@87svu3 жыл бұрын
You also have to consider county and city property tax. It can add on and jump fast.
@deejames9380 Жыл бұрын
I live in Canada and I paid $5,500 on my house assessed at $1,600,000 which is higher than most parts of Canada. We can't write off the interest on our mortgages but I'd take that any day over those property taxes
@stevefuller27553 жыл бұрын
Averages are interesting, but it isn't quite this simple. At least here in Florida property taxes are not set by the state, they are set by local (county, city) governments. They range from 0.41% to 1.24% at the county level. Also, we have several exemptions. For example, the homestead exemption that exempts the first $50K of assessed value for primary residence. Other exemptions are for low income seniors, widow(er)s, legally blind, disabled veterans and permanently disabled. Also, property tax annual increases are limited to a max of 3% regardless of increase of assessed value. So if someone buys my neighbor's house to rent it out, they would pay more than twice what I pay with the same assessed value.
@patrickcoreilly2 жыл бұрын
How about ranking the states based on all 3 taxes: Income, property, and sales. I'd like to know the cheapest based on all 3. Thanks 😊
@sexygeek89962 жыл бұрын
It depends on how much you earn, how much you spend, what your house is worth, etc. No state will be the lowest for everyone, but I would expect Alaska to win most of the time.
@ExplosiveGoat9113 жыл бұрын
your videos always make me happy, really sparked an interest in geography for me too
@roylappin4491 Жыл бұрын
Colorado update, the politicians screwed this up! They wouldn’t make this list now!
@Keith800273 жыл бұрын
Not sure were you find those cheap house in Colorado. I been in Colorado for over 45 years and the average house cost is $500,000 plus. Million dollars house are very common for a house that used to cost $190,000 20 years ago. Colorado has a huge water problem too, think twice before moving out here.
@12gjazz2 жыл бұрын
I retired 2 years ago and live in Long Island NY. Need I say more. Sure I get a senior discount which is a blessing but to me, my wife and I worked hard and was able to pay off our mortgage in 2007. Now, we have a new mortgage. School and Property Taxes. You pay each one quarterly. Amazing, no children or grand children in the school system but yet like another person said, “What do we own”. Don’t get me wrong. We are always blessed. It’s just horrible how the working man always gets raked over the coals. My wife said, when I retire we are going to travel. I said where are we going? New Jersey? No knock at all on New Jersey. Just saying. Some seniors here can barely eat or pay for medication. We were born and raised in NY and it is sad that the politicians make it extremely hard to stay here. Just venting. Still blessed. Just venting.
@maychen99153 жыл бұрын
California has a very low property tax. Those people who brought a house a long time ago, only pay a very small amount of tax. California's property tax is based on your home purchase price, not market value. I have a house in California with more than 600k, I pay only $1800 property tax. I know somebody's house worth 1million, and he only pays $700 tax
@johnbrown67692 жыл бұрын
If your friend is only paying $700.00 in property taxes annually on a $1,000,000 value, he has been living in that house for many years. Probably retired. I live in Calif and do not resent your friend. I paid 653,000.00 for my home in 2015. My property taxes are $14,500.00 per year or about double what they would otherwise be because of Mello Roos, a property tax provision passed around 2009. Most houses built in Calif after that law passed are subject to this law. My next house will be older so I will pay about 1.1% of purchase price. That tax rate is fair and taxes go up a flat 2% of your taxes each year. When you sell your house, the new owner will pay the1.1% of the purchase price plus the Mello Roos tax.
@tiktokfever25173 жыл бұрын
I love the tax videos. I want to see the What's up this series continue.
@cliffluxion70193 жыл бұрын
Thank you for this excellent and helpful content!
@gavinweltmer40913 жыл бұрын
Kinda ironic how the closing phrase is “Be Nice to Each Other” but anytime Briggs mentions a state from the south, he comes across as a total jerk. 🤷🏻♂️ might just be me, idk.
@MrJames14713 жыл бұрын
Not many people seem to have much love for the southern states (until it's time for them to move there).
@gavinweltmer40913 жыл бұрын
@Big Dick Black I have family in Florida. And I grew up in the California Central Valley. The misfortunate is definitely California. There’s a reason why the Central Valley has the nickname of America’s armpit/butt crack amongst people from California.
@reneesalazar20852 жыл бұрын
It's absolutely outrageous here in Jersey. I'm a renter now but when I own a home,it won't be in Jersey.
@sexygeek89962 жыл бұрын
Why would anyone want to live in New Jersey? It is expensive, every tax is high, and it isn't even a nice place (based on my observations as a visitor).
@commiesareevil38232 жыл бұрын
10 Arkansas 09 Wyoming 08 Nevada 07 West Virginia 06 Delaware 05 south Carolina 04 Louisiana 03 Colorado 02 Alabama 01 Hawaii
@jamesballard6564 Жыл бұрын
Thank you for the effort!
@Anonymous-iz8sc Жыл бұрын
Thnx
@Cali-xm5lk3 жыл бұрын
The effective property tax in California is very cheap if you own your home for a while because of Prop 13. My Mom pays less than I do for a house worth twice as much as mine at .2 percent vs my .5 percent.
@crspcritter3 жыл бұрын
Yup 👍 that why we stay in Cali for now . If you bought cheap years ago it ain’t too bad .
@shaynewhite13 жыл бұрын
@@crspcritter Yes, and those people who stay in their homes and won't move because of Prop 13 are one of the reasons why real estate is crazy expensive here and there have been numerous attempts to repeal or amend Prop 13. But we still have too many rich Baby Boomers in this state who don't care what happens to the younger generation.
@crspcritter3 жыл бұрын
@@shaynewhite1 yup ; reckon so ; If they repeal prop 13 folks on fixed incomes will say bye - bye . My question is : if Colo and Hawaii ect can run their states on what folks pay there . Why are these other states getting away with robbery . Where is the excess money going ??? Miss management ; welfarers ??? Why would you move only to shoot you self in the foot and pay more property taxes ? Many have won the Lottery and bought big expensive houses only to have their wealth drained by taxes . Is what it is I guess- This ultra high housing market will go bust . Folks paying 4 times what the house was worth 20 years ago. When it drops folks will owe more than what the home is worth . Bail out time again . Will be worse than 2008.
@SegaDisneyUniverse3 жыл бұрын
Pff, property tax? I could barely afford the tax on my internet bill 😂
@gbass73285 ай бұрын
All great points and another great video. But, using median home pricing doesn't get high enough in quality for ppl like is who care about all of the things that go into a good living situation. I've looked listings up in the past in a lot of your cities/States you cover and they don't measure up to a good residence imho.
@tyroberts22613 жыл бұрын
If you did a segment on places to go to really have fun Louisiana would do much better on your lists. Outside of New Orleans not nearly as much fun.
@jimmcdiarmid73082 жыл бұрын
In Hawaii they keep raising the assessed value of the land. This year they raised my land assessment by 43%. Outrageous!!! The building assessment went down 8%. Net increase is 20%
@benh3427 Жыл бұрын
You can't pull land out of the deep ocean unless you live on the big island near a volcano 🤙
@arlettacaruso42093 жыл бұрын
Hawaii has the worst schools in the nation. Anybody who can afford it sends their kids to private school. What you save in taxes you spend to educate your kids.
@sitdowndogbreath3 жыл бұрын
I thought it was Arizona
@davidkirsch54783 жыл бұрын
Property taxes are only a part of the picture. When we left Houston in 2015 there are TEN! separate taxing authorities adding to the mix. Property taxes are just one of those!
@Bwh-rm3py2 жыл бұрын
Keep in mind that these 100,000$ homes are basically doublewide trailers.
@lifewithTiffanyP.20193 жыл бұрын
Thanks for these videos Briggs... They are very helpful and insightful for me...I have family that live in Shreveport Louisiana and with all the crime that happens in New Orleans Ive always said that I would got to live there just visit but to know that their property tax is so affordable is a bit shocking.
@austinsandifer50063 жыл бұрын
Thanks for another video,Briggs this was an eye opener .
@WorldAccordingToBriggs3 жыл бұрын
Thank you 🙏
@lizzyschmidt84292 жыл бұрын
Moved from New York to Alabama and no regrets.
@WorldAccordingToBriggs2 жыл бұрын
That is the natural feeling for anyone leaving Alabama. 😉
@jillwiegand42573 жыл бұрын
Fantastic video! I requested you do this one! I wonder if you saw my post!? Thanks for the info 😊
@alanploetz71003 жыл бұрын
Definitely a bit surprised by HI, but when your property values are so high, you don't need to take as much of a cut. On the flip side, maybe Briggs should be looking at whether there is a correlation between low property taxes and what he considers makes for a high "suckage" state.🤔
@mharris50473 жыл бұрын
Hawaii actually doesn't suck that badly. I don't know what kind of assistance they offer their less fortunate but as far as living (from what I have heard) the state isn't bad at all.
@benh3427 Жыл бұрын
It's pretty nice here, great weather all year around and it's close to the beach 😊🤙
@robertolanning77333 жыл бұрын
Property tax is unreasonable period!!!!
@davidyoung32887 ай бұрын
can you do which state has highest utility; water electric?
@9doggie12 Жыл бұрын
You should adjust the list for homestead exemption
@catholicactionbibleonlyist18133 жыл бұрын
Not surprised that West Virginia is on this list
@Guyonnn3 жыл бұрын
If you want to retire in South Carolina, like football and small town living, Clemson is paradise.
@lechinajames54713 жыл бұрын
Northern AL is a gem!
@roberthagberg54823 жыл бұрын
N. E. Alabama is great to. I live 6 miles from Little River Canyon in Cherokee County. My property taxes are $0.00 since I am over 65 years of age.
@lechinajames54713 жыл бұрын
@@roberthagberg5482 I know where that is. Cause I from Mississippi and I used to go over there alot
@LassieFarm Жыл бұрын
Renters are eager to vote for property tax hikes. When their rent triples I'ma laugh so hard 👍
@davidtardio98043 жыл бұрын
It can’t be easy to put one of these videos together. And I see you posted an On This Day video today as well! Do you ever sleep?
@dudestpriest5042 жыл бұрын
Housing costs are astronomical in the Durango, CO area. The prices are going up so much in this area, most employees in town, cannot afford to live in this town.
@mirzaahmed65893 жыл бұрын
Delaware also doesn't have sales tax.
@minarios9232 Жыл бұрын
Hi, I love your videos and have watched many, many of them and notice that every time you mention the low country (South Carolina), you skip over Hilton Head Island. I lived in Charleston for 3 and 1/2 years and then moved to Hilton Head Island 19 years ago, originally from Los Angeles. I respect that you like Bluffton but I have no idea why! It's getting to be just as expensive as Hilton Head but without the beach and waterfront views. Plus, traffic is horrid in Bluffton.
@JJacks9202 жыл бұрын
4,500 a year in Gladstone Oregon. We somehow got stuck with a 20 year school bond and pay way higher taxes than communities around us.. Total rip off.
@Abdellah.AB13 жыл бұрын
Would love to see top 10 tax friendly states
@Abdellah.AB13 жыл бұрын
@Big Dick Black would agree on any state you mentioned except California. Additionally, I heard that Colorado, New Hampshire and North Carolina could be on the list as well
@Abdellah.AB13 жыл бұрын
@Big Dick Black thats good to know, but I heard that California has a hell of a corporate and income tax
@Abdellah.AB13 жыл бұрын
@Big Dick Black you might be correct but I was thinking if I wanna launch a business in California, don’t you think its gonna tax you heavily in terms of the taxes we spoke about 😁?
@mychaelpierce80492 жыл бұрын
Great video Briggs! Thanks for sharing!
@matthewmajestic10133 жыл бұрын
Hello Mr.Briggs from south Florida👋🏾, I must say most of list didn’t surprise me but I’d imagine most of these states have moderate to high sales tax or income tax rates?, I knew that South Carolina and West Virginia had low property taxes. My current boss who’s originally from West Virginia said it’s true. May you also do a video on which states have the highest/lowest food poisoning reports just a random though that came into my mind.
@andrewmarsman32943 жыл бұрын
Hey Briggs, Can you verify this applies to NON-HOMESTEAD rate? Many states give half-write off for being your primary residence
@maxpowr903 жыл бұрын
Property taxes are a "you get what you pay for" situation. Low property taxes means next-to-no infrastructure (not just roads but water/sewer, gas, electrical, cable) and barely existent public services (schools, police, fire/rescue).
@cgb8383 жыл бұрын
Could you make a video on best states for teens to move to alone?
@krisb74659 ай бұрын
You're actually paying less than that in NV if you buy an older home that has been owner occupied such that increases in assessed value are capped at 3% annually. My annual taxes on my 1942 bungalow are $750/yr.
@GhostSal8 ай бұрын
There actually were areas (not states) that had no property taxes till fairly recently. The Village of Schaumburg in Illinois, implemented its first property tax in 2009, before that there was none.
@rachelmoore11962 жыл бұрын
When I lived in Louisiana in the 80's, they had homestead exemption (no property tax), unless you had a high priced property.
@accordsamurai3 жыл бұрын
Been waiting for this one!
@bonesandbells3 жыл бұрын
Nevada looks very good tax wise with no state income tax and low property taxes. Property taxes in the Austin metro are terrible and close to New Jersey, but no state income tax at least. Texas lawmakers also send millions of Dollars in potential gambling revenue to Oklahoma and Louisiana by banning casinos in state and local taxing districts give large companies sometimes 100% breaks on property taxes.
@sexygeek89962 жыл бұрын
I live in Nevada and I think it is good here. Sales tax is high but it doesn't apply to groceries. Car registration is expensive and there are license fees for many occupations.