CT Antique Car Assessment Bill

[JoeT]

Originally Posted by twobjshelbys

We'd always thought of MA as "Taxachusetts" but when we moved there we found that the total tax bill was pretty tolerable. The MA income tax is fixed percentage of federal but real estate taxes were out of the field. This is because cities (and schools) are on their own. In the other states we've lived (IA, AZ, CO) the schools and cities get an infusion of funds from state collected taxes. So the total taxes were on par. It helps some smaller cities/towns with low tax bases but then the flip side is that people feel they are subsidizing others. I think the latter is fairer having seen what the schools were like in some of the very small MA towns.

I grew up in Mass, our last home there, is similar in size to our current CT home. My real estate tax bill was around $4000 a year. Here in CT it's almost $20,000. And we get less services for that tax money

state income tax is higher, sales tax is higher, personal property tax (excise) tax is higher.

Our children have 4.5 years left in school, we'll likely move right after

[twobjshelbys]

Originally Posted by JoeT

I grew up in Mass, our last home there, is similar in size to our current CT home. My real estate tax bill was around $4000 a year. Here in CT it's almost $20,000. And we get less services for that tax money

state income tax is higher, sales tax is higher, personal property tax (excise) tax is higher.

Our children have 4.5 years left in school, we'll likely move right after

When we lived in MA we looked into a "summer" house in Westerly, RI (a friend had a semi-permanent house there, some were built as full time, some summer homes only and some had taken their summer cabin and made it winterizeable). The real estate taxes on the house were almost as much as the value of the house. That region has gone a little goofy. Almost CA-like.

[Lou1119]

Originally Posted by twobjshelbys

When we lived in MA we looked into a "summer" house in Westerly, RI (a friend had a semi-permanent house there, some were built as full time, some summer homes only and some had taken their summer cabin and made it winterizeable). The real estate taxes on the house were almost as much as the value of the house. That region has gone a little goofy. Almost CA-like.

What do you mean "Almost CA - like". Unfortunately I live in CA and the tax situation is absurd at best. Auto registration is highway robbery, sales tax is ridiculous, income tax is insane but property taxes are somewhat reasonable. However, home prices are through the roof and that makes property taxes follow the asinine tax situation.
When I sold my company my earnings took a healthy spike which made me eligible to pay a supplemental " mental health tax". Just anther way to tax the hell out of you. Someone posted that if a tax increase would be put to a vote it would be voted down. Here in the socialistic republic of California there was a vote to keep the tax surcharge on high income ealrners in effect and not let it transpire. You guessed it --- it passed by a high margin.
If it were not for our daughter and her two children living here we would be gone in a heart beat. Trust me I sympathize with you CT residents.