Top 10 worst states for taxes!

[SeisMec]

North Dakota didn't make the top 10 but Wisconsin and Minnesota did.

http://www3.forbes.com/business/the-worst-states-for-taxes/6/

 

[shorthairsrus]

2015 Minnesota Income Tax BracketsMarginal Tax Rates 5.35% 7.05% 7.85% 9.85% --- that report isnt up to date --- 9.5% is the top rate vs 7.85%. Its unbelievable ------ ad that to the 39.6% federal rate and add the 3.8 obum tax

 

[Norske]

And my Fargo-based CPA shows me it's cheaper for me to live in Moorhead than Fargo because of property tax differences..

 

[Allen]

And my Fargo-based CPA shows me it's cheaper for me to live in Moorhead than Fargo because of property tax differences..

You must have a lot of property and little income.

 

[Norske]

Retired. My fixed income puts me in a low bracket after deducting mortgage interest. My variable income is from 401K/IRA which is taxed like capital gains (15%) and tax-free municipal bond funds. The house we bought in Moorhead would have cost at least 25-40% more across the river. Houses in Fargo with my assessed value pay about double my property tax. Their school taxes are going up again by changing the assessed valuation.

 

[eyexer]

for the most part property taxes are higher in ND than MN. My dad's house was valued at 10K more than mine four years ago. I paid $1200 more than him. He lives in the south suburbs.

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This is a five year old map. ND has raised property taxes considerably since this and MN has lowered them.
https://www.google.com/search?q=Property+taxes+per+state&biw=1366&bih=657&tbm=isch&imgil=lKNVrF00MravjM%253A%253BxTWf6ezDq_Mc7M%253Bhttp%25253A%25252F%25252Finteractive.taxfoundation.org%25252Fpropertytax%25252F&source=iu&pf=m&fir=lKNVrF00MravjM%253A%252CxTWf6ezDq_Mc7M%252C_&usg=__Id2-1rRuRH7wVZxlPDLF8Rdp9Yk%3D&ved=0CEUQyjdqFQoTCKaMtJeJw8cCFVMVkgodmxgK1g&ei=cMPbVaaUJdOqyASbsaiwDQ#imgrc=lKNVrF00MravjM%3A&usg=__Id2-1rRuRH7wVZxlPDLF8Rdp9Yk%3D




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And MN can deduct more than three times more dollars in sales and income taxes on returns
https://www.google.com/search?q=Pro...F00MravjM:&usg=__Id2-1rRuRH7wVZxlPDLF8Rdp9Yk=

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I had a link to a map from a few years ago that showed property taxes per $1000 in valuation. We didn't finish well. I think about 11th in the nation. People think we have low property taxes here but it's a myth. Ten years ago when homes were valued very low they did seem low because the overall amount paid wasn't bad. But man has that changed.

 

[shorthairsrus]

The homestead credit is less and less. House value is all relative u pay less and the house will be worth less.