User Panel
User Panel
User Panel
|
Posted: 9/12/2010 7:45:11 AM EDT
[#1]
|
|
|
|
Posted: 9/12/2010 7:57:09 AM EDT
[#2]
The answer is going to be specific to your location, but overall, they look at present "value" ie, resale value. (roughly)
My 1.8 acre lot, with a well, (in CO) is assessed at $100,000, and the structure assessed at $200,000. So, I am assessed for $300,000 and pay $2200 in taxes. In NJ, I would be paying $8000-$10,000.  It might be worth it for you to live in a manufactured home or trailer home that is NOT on a permanent foundation. Pay tax as a vehicle, not at a primary residence. |
|
|
|
Posted: 9/12/2010 7:58:19 AM EDT
[#3]
Build it to look like this
|
|
|
|
Posted: 9/12/2010 7:58:45 AM EDT
[#4]
Build it underground.
|
|
|
|
Posted: 9/12/2010 8:04:29 AM EDT
[#5]
What are the farm tax breaks in NJ like?
|
|
|
|
Posted: 9/12/2010 8:04:55 AM EDT
[#6]
I'm rather sure that the taxes are based upon assessed value. Mine are. If the land itself is now unimproved, you expect the assessment for it to double once you put structures on it and it is deemed improved. Add to that the assessments on the structures themselves and you could be in for a major surprise. As far as materials used in the structure goes, when I was reassessed, they measured square footage, counted bathrooms, kitchens, and other rooms then totaled it up. I don't think the materials used played a role at all.
|
|
|
|
Posted: 9/12/2010 8:08:33 AM EDT
[#7]
Don't know about NJ, but here we get assessed on acreage the house sits on, the square footage of the house, amount of rooms.
If you have more buildings on the property, they will jack you up on that also. My stepson lives and works in NJ. You guys get taxed for breathing. 
|
|
|
|
Posted: 9/12/2010 8:09:21 AM EDT
[#8]
Quoted:
What are the farm tax breaks in NJ like? This land I am looking at is farm assessed. So right now the taxes for the 12 acres is 85 bucks a year. Once i put a house on it I will have to pay regular tax on 1 acre which will be around 3500 a year. |
|
|
|
Posted: 9/12/2010 8:10:16 AM EDT
[#9]
Tiny ass house, with a hidden underground bunker living area underneath.
|
|
|
|
Posted: 9/12/2010 8:12:19 AM EDT
[#10]
I would build one out of shipping containers on a cement pad. That way the hope is movable and thus taxed way less.
|
|
|
|
Posted: 9/12/2010 8:12:43 AM EDT
[#11]
Higher wall, longer ladder.
They'll just change the rules. You'll still be fucked. |
|
|
|
Posted: 9/12/2010 8:14:29 AM EDT
[#12]
Quoted:
Quoted:
What are the farm tax breaks in NJ like? This land I am looking at is farm assessed. So right now the taxes for the 12 acres is 85 bucks a year. Once i put a house on it I will have to pay regular tax on 1 acre which will be around 3500 a year. I am always glad I Live in rural VA when I hear that 
.43% tax rate here |
|
|
|
Posted: 9/12/2010 8:15:48 AM EDT
[#13]
It's no help to you, but I have 5 acres w/1200 ft^2 (on one story) house and two stall garage. My property tax is exactly $402/yr. Taxes are ridulously cheap here. My assessed value is maybe 1/2 the actual market value and probably closer to 1/3.
|
|
|
|
Posted: 9/12/2010 8:20:20 AM EDT
[#14]
Quoted:
Quoted:
Quoted:
What are the farm tax breaks in NJ like? This land I am looking at is farm assessed. So right now the taxes for the 12 acres is 85 bucks a year. Once i put a house on it I will have to pay regular tax on 1 acre which will be around 3500 a year. I am always glad I Live in rural VA when I hear that
.43% tax rate here this town is 3.2% 
Makes me want to live in this shitty apartment in a the sticks forever. |
|
|
|
Posted: 9/12/2010 8:21:24 AM EDT
[#15]
If possible, I'd look into AG exception if it is allowed there.
Planting an apple orchard (or something along that line), or raising goats, etc. Here in TX it makes a HUGE difference. Good luck. |
|
|
|
Posted: 9/12/2010 8:24:44 AM EDT
[#16]
Depends on the specifics of your tax code but they typically count living space. So, if you want to finish your basement, do it after you get your CO.
Leave some construction material piled up over your drain openings for the basement bathroom during the inspection. |
|
|
|
Posted: 9/12/2010 8:25:29 AM EDT
[#17]
Since taxes are assessed on value, I would think you would be taxed according to size and quality. The only suggestion I have would be to build a smaller home with a finished basement. In some areas, basements are considered to be less valuable than above grade living space. If done correctly, basements are just as functional.
Another option would be to build a home with an unfinished basement and/or unfinished attic space and roughed in electrical and plumbing. Once the home is completed and occupied, finish the space out yourself without telling the tax accessors. They can't tax you on space they don't know you have. |
|
|
|
Posted: 9/12/2010 8:33:06 AM EDT
[#18]
Dig a pond, build the house on floats....then its a boat = no taxes.
|
|
|
|
Posted: 9/12/2010 8:37:29 AM EDT
[#19]
Quoted:
Quoted:
What are the farm tax breaks in NJ like? This land I am looking at is farm assessed. So right now the taxes for the 12 acres is 85 bucks a year. Once i put a house on it I will have to pay regular tax on 1 acre which will be around 3500 a year. You may be able to split it into 2 properties, like 1/8th an acre where the house sets and leave the rest of it farm assessed. |
|
|
|
Posted: 9/12/2010 8:41:33 AM EDT
[#20]
build large pole bldg, cut out some space for an apartment in said bldg, on the sly
|
|
|
|
Posted: 9/12/2010 8:41:46 AM EDT
[#21]
build a prefab house , the initial assessment in a lot of places is based on cost . build a plainer appearing house with a plan for improvements later
|
|
|
|
Posted: 9/12/2010 8:43:11 AM EDT
[#22]
In MD the 'basement' is not assessed as part of the square footage of the house. The front of my house has a swell of dirt pushed up to it, and you enter on a landing halfway between the upper and lower levels, but the other three sides are at ground level. Since the front door's not at ground level, my "basement" isn't taxed even though its finished, livable area.
Kharn |
|
|
|
Posted: 9/12/2010 8:52:14 AM EDT
[#23]
built it underground, with a small surface dwelling and don't claim all the subsurface area
|
|
|
|
Posted: 9/12/2010 9:00:27 AM EDT
[#24]
The houses in Amsterdam used to be taxed by the width of the lot, that's why the houses are so skinny and tall. If you go inside the stairs are damn near vertical
|
|
|
|
Posted: 9/12/2010 9:06:12 AM EDT
[#25]
Quoted:
Quoted:
What are the farm tax breaks in NJ like? This land I am looking at is farm assessed. So right now the taxes for the 12 acres is 85 bucks a year. Once i put a house on it I will have to pay regular tax on 1 acre which will be around 3500 a year. So get it subdivided and split off .5 or .25 acre and see if you can keep the bill down. |
|
|
|
Posted: 9/12/2010 2:39:19 PM EDT
[#26]
We get assessed on costs when you purchase the land/house or build it. If you have a friend who's a contractor, you can really fudge your assessed value. Though it depends on how your value is based, many are on the properties around you.
Quite a few people I know have purchased shitty homes, permitted the exterior improvements, then had the inside done on the sly. Property Taxes are fucking bullshit. |
|
|
|
Posted: 9/12/2010 2:47:17 PM EDT
[#27]
How about a cave-type dwelling?
|
|
|
|
Posted: 9/12/2010 3:00:56 PM EDT
[#28]
Ordinarily, unfinished basements and garages are not taxed (or are taxed at a cheaper rate).
You need to talk with your local tax assessor or look it up online. Do you have an architect yet? They should be able to tell you also. |
|
|
|
Posted: 9/12/2010 3:41:41 PM EDT
[#29]
Large unfinished basement that you convert to finished , or annexation of a garage.
|
|
|
|
Posted: 9/12/2010 3:49:49 PM EDT
[#30]
underground house! with a shanty shack above ground.
|
|
|
|
Posted: 9/12/2010 3:51:57 PM EDT
[#31]
1. Fuck sanding 2. I like to listen to birds when I shit.
|
|
|
|
Posted: 9/12/2010 3:57:43 PM EDT
[#32]
Is it just sq ft? # of bedrooms? Do they look at type of material in the house?
Square feet of livable space. For example, you have an upstairs attic/bonus room that you are making a bedroom. When standing against the wall, where your shoulder/ear hit the wall, straight down is the end of your livable space. The rest of the finished room is just extra |
|
|
|
Posted: 9/12/2010 4:06:40 PM EDT
[#33]
Quoted:
Is it just sq ft? # of bedrooms? Do they look at type of material in the house?
Square feet of livable space. For example, you have an upstairs attic/bonus room that you are making a bedroom. When standing against the wall, where your shoulder/ear hit the wall, straight down is the end of your livable space. The rest of the finished room is just extra If that is the case you may be able to make an A frame that has low livable space, but good space. like this: 
|
|
|
|
Posted: 9/12/2010 4:38:49 PM EDT
[#34]
It's Jersey. Can't you just pay off the assessor?
|
|
|
|
Posted: 9/12/2010 4:50:07 PM EDT
[#35]
Quoted:
Quoted:
Quoted:
What are the farm tax breaks in NJ like? This land I am looking at is farm assessed. So right now the taxes for the 12 acres is 85 bucks a year. Once i put a house on it I will have to pay regular tax on 1 acre which will be around 3500 a year. I am always glad I Live in rural VA when I hear that
.43% tax rate here .0275 here. State minimum. Our school district voters determine the levy. We live in an "economically challenged" area and our school applies for and gets federal grants to offset the super low property tax rates. Taxes on a 160 acre pice of farmland around here is about $90 
|
|
|
|
Posted: 9/12/2010 4:59:58 PM EDT
[#36]
Portable buildings can help. Lark makes some nice portable garages and sheds. That way, you don't have an attached garage and the roof area is reduced (often used for assessed value).
The basement thing can also help. But, I've never seen a basement that did not "feel" like a basement, finished or not. Trusses can be designed so "attic" rooms can be installed. However, left completely unfinished, without floors or stairs. Same goes for bedrooms and extra bathrooms. There was a really "cool" house locally that my wife and I always wanted to purchase. When it was finally up for sale, we learned it was a 2 bedroom, one bath house. (it was quite large). That way, taxable value is reduced. |
|
|
|
Posted: 9/12/2010 5:07:27 PM EDT
[#37]
As another poster mentioned the exact formula varies from state to state and probably even between counties.
Around here, at least, it is some function of sales and footage. As I understand it, the assessor will take a sample of houses in your area, look at the size and selling price, and then calculate the assessed value which is used as the tax basis. The assessed value of your home along with the square footage is almost never what it actually is (though, around here, they have been getting closer). Look for tax breaks in your state/community. Also look for methods they use to increase taxes. |
|
|
|
Posted: 9/12/2010 5:16:11 PM EDT
[#38]
Quoted:
1. Fuck sanding 2. I like to listen to birds when I shit. Well there is one spot that will need sanding.
|
|
|
|
Posted: 9/12/2010 5:16:35 PM EDT
[#39]
Some of you guys have wacked ideas. I just want to keep my taxes under 15k a year. I dont want to live in a fucking storage container on a concrete slab!
|
|
|
|
Posted: 9/12/2010 5:30:06 PM EDT
[#40]
Its not going to be 3500, I started off there a couple of years ago now I'm over 8300. and its not an acre, school suck etc. Its Jersey you will be paying 15,000 soon.
|
|
|
|
Posted: 9/12/2010 5:34:46 PM EDT
[#41]
Quoted: Some of you guys have wacked ideas. I just want to keep my taxes under 15k a year. I dont want to live in a fucking storage container on a concrete slab! Looks terrible!    |
|
|
|
Posted: 9/12/2010 5:37:35 PM EDT
[#42]
Quoted:
It's Jersey. Can't you just pay off the assessor? 
|
|
|
|
Posted: 9/12/2010 5:42:44 PM EDT
[#43]
Quoted:
I just want to keep my taxes under 15k a year. 
My total mortgage payment, taxes, and insurance per year ain't that much. |
|
|
|
Posted: 9/12/2010 5:44:53 PM EDT
[#44]
I know here in certain areas, a floor whose ceiling is less than 6' high does not count as a floor. I guy I know who is 5'6" or so made his basement 5'10".
|
|
|
|
Posted: 9/12/2010 5:48:21 PM EDT
[#45]
Put up one of those cool Mess Tents, FK NJ taxes...
|
|
|
|
Posted: 9/12/2010 5:53:54 PM EDT
[#46]
|
|
|
|
Posted: 9/12/2010 5:54:00 PM EDT
[#47]
Quoted:
The answer is going to be specific to your location, but overall, they look at present "value" ie, resale value. (roughly) My 1.8 acre lot, with a well, (in CO) is assessed at $100,000, and the structure assessed at $200,000. So, I am assessed for $300,000 and pay $2200 in taxes. In NJ, I would be paying $8000-$10,000.
It might be worth it for you to live in a manufactured home or trailer home that is NOT on a permanent foundation. Pay tax as a vehicle, not at a primary residence. That may cvary by town. In my town; the same tax rate applies to both vehicles and homes. |
|
|
|
Posted: 9/12/2010 5:55:50 PM EDT
[#48]
Build the house you want.
|
|
|
|
Posted: 9/12/2010 7:30:18 PM EDT
[#49]
mobile home with the wheels left on, attached to a furnished "garage"
|
|
|
|
Posted: 9/12/2010 7:39:10 PM EDT
[#50]
Quoted:
Some of you guys have wacked ideas. I just want to keep my taxes under 15k a year. I dont want to live in a fucking storage container on a concrete slab! Tis Arfcom, after all. 
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
