Cost of Living Not As Low as They Say It Is (Knoxville: vehicle registration, car insurance)

[hiknapster]

Exactly what site are you referring to? Most of those sites are bogus. Really.

When I moved I depended on real-life information, like getting the online newspaper and comparing rents, real estate and availability of jobs.

And comparing ones previous area, wherever that may be, marmac, is exactly the point. First of all, I will gladly take a house in Knoxville to the exact same one plopped down in Florida. The taxes will be SIGNIFICANTLY different, as they will be comparing California, Jersey, New England, etc.

However, that is not always the case. Knoxville can be more expensive than, perhaps Indiana or Michigan, when housing, pay, etc., is all factored.

Atlanta to Knoxville? There really isn't going to be a big difference, especially when you consider burb to burb, as others have written.

Just the thought of driving in Atlanta makes me shudder, though, as does the crime. Thanks, but you can go back to Atlanta. I'm staying here!

[JMT]

Originally Posted by marmac

Pam and Bill-------- do you know many houses that I can buy in TN and only pay------$112--a year property taxes on ?

No dumps , please.

I am used to living in a house in Florida that has taxes of ---$4500 per year--(SARC)

I know you didn't ask me directly, but since you posted it in a public forum rather than sending Pam a DM, I'm going to answer.

I believe younglisa7 has property in McMinn County. I think. At any rate, the residential property tax rate in rural McMinn County is $1.5553 per $100 of assessed value. Assessed value is 25% of a property's actual value. It is entirely possible to buy a few acres in rural McMinn County for $30,000, which I believe is what younglisa7 and her husband did. Paying $30,000 would give them an annual property tax of $116.65. And considering that McMinn County is an hour from both Chattanooga and Knoxville, that's pretty sweet.

I'm originally from Florida and cannot think of anywhere in Florida that's within an hour of 2 large cities where one could buy a few acres and expect to have such low property taxes.

[weisgarber1]

Originally Posted by JMT

I know you didn't ask me directly, but since you posted it in a public forum rather than sending Pam a DM, I'm going to answer.

I believe younglisa7 has property in McMinn County. I think. At any rate, the residential property tax rate in rural McMinn County is $1.5553 per $100 of assessed value. Assessed value is 25% of a property's actual value. It is entirely possible to buy a few acres in rural McMinn County for $30,000, which I believe is what younglisa7 and her husband did. Paying $30,000 would give them an annual property tax of $116.65. And considering that McMinn County is an hour from both Chattanooga and Knoxville, that's pretty sweet.

I'm originally from Florida and cannot think of anywhere in Florida that's within an hour of 2 large cities where one could buy a few acres and expect to have such low property taxes.

JMT, I believe that such rural property would/could be classified as agricultural, meaning the assessed value would be only 20%, making the taxes even cheaper, if it indeed is classified as ag.

[hiknapster]

Originally Posted by weisgarber1

JMT, I believe that such rural property would/could be classified as agricultural, meaning the assessed value would be only 20%, making the taxes even cheaper, if it indeed is classified as ag.

It's about a half a mountain. Gorgeous.

[JMT]

Originally Posted by weisgarber1

JMT, I believe that such rural property would/could be classified as agricultural, meaning the assessed value would be only 20%, making the taxes even cheaper, if it indeed is classified as ag.

Good point! And that makes perfect sense, too.

I remember seeing younglisa7's pics, and hiknapster is right. It is GORGEOUS.

[marmac]

I would gladly pay $30,000 for a few acres in McMinn county with a liveable house.

If there is non liveable house, how could the buying or paying taxes on that property be considered---"cost of living" ?

[hiknapster]

Originally Posted by marmac

I would gladly pay $30,000 for a few acres in McMinn county with a liveable house.

If there is non liveable house, how could the buying or paying taxes on that property be considered---"cost of living" ?

Once again...

"And comparing ones previous area, wherever that may be, marmac, is exactly the point. First of all, I will gladly take a house in Knoxville to the exact same one plopped down in Florida. The taxes will be SIGNIFICANTLY different, as they will be comparing California, Jersey, New England, etc."

[ylisa7]

Originally Posted by marmac

younglisa7 says-------"Florida propert taxes $4500 per year. TN property taxes $112 per year"

I doubt you are comparing similar properties.

If you are not, what is your point ?????????

True I had a 35 year old house on a postage stamp lot in FL and a new house on 40 acres in TN.

[JMT]

Originally Posted by marmac

I would gladly pay $30,000 for a few acres in McMinn county with a liveable house.

If there is non liveable house, how could the buying or paying taxes on that property be considered---"cost of living" ?

Of course property taxes are considered part of the cost of living. Why wouldn't they be? Whether the house is inhabitable or not, the property taxes still have to be paid.

If you buy property in an area and forget to include the property taxes in your budget, you could be in for a rude awakening (hello Citrus County, Florida).

[thedelages]

Ok I live in Upstate New York, I have a $225,000 home on 2 acres and pay roughly $6000.00 +/- in taxes. What would this scenario cost me around knxville?