Comparing cost of home ownership

blk02edge · Mar 1, 2019

Just curious how the annual cost of one family home compares between our countries and between different states. Just the simple basics, sparked by some numbers I saw in another thread.
BC, Canada
For me on my 500k (assessed) house;
-property tax- $1200/year
-irrigation district/garbage pick up-$450/year
-home owners insurance-$1200/year
-natural gas bill- about $80/month
-electricity- 160ish bi monthly.

I know it'll vary a ton due to location and other aspects, but curious what others pay throughout.

Outlaw99 · Mar 1, 2019

I live way out in the country on a mountain side. Utilities are about 135 monthly, winter is more. Don't have cable, just internet.

Just county taxes which arent bad way out where i am.

No trash pick up. I pay a neighnor 25 to haul mine off when he takes his to the landfill.

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jrandy · Mar 1, 2019

This will very quite a bit to say the least. Here's mine:

Assessed house - $750,000
-property tax- $9,400/year
-garbage pick up-$570/year
-home owners insurance-$1800/year
-gas and electric - $100 in summer $400 in winter (no AC)

13COBRA · Mar 1, 2019

$550,000 assessed house
-property tax- $7897/year
-irrigation district/garbage pick up-$500/year
-home owners insurance-$2410/year
-natural gas bill- about $100/month
-electricity- $300 monthly.

NIXDSG · Mar 1, 2019

$450k house, $11k in taxes. That's enough to depress me.

Coiled03 · Mar 1, 2019

13COBRA said:
$550,000 assessed house
-property tax- $4850/year
-irrigation district/garbage pick up-$500/year
-home owners insurance-$2410/year
-natural gas bill- about $100/month
-electricity- $300 monthly.

Holy crap. My last house was valued at maybe 2/3 of yours, and my taxes were $9K/yr. **** you Illinois!!

13COBRA · Mar 1, 2019

Coiled03 said:
Holy crap. My last house was valued at maybe 2/3 of yours, and my taxes were $9K/yr. **** you Illinois!!

I had to correct it, that was wrong haha It's just shy of $8k.

IronSnake · Mar 1, 2019

With all the reno work we've done, house is worth about 300k. County still assess it on 250k though (last time I looked).

House value - 300k
Property Tax - 1500/yr
Power/Water/Sewage - 200/month
Insurance - 1500/yr

Trash/recycling is included in your taxes. Only thing that's high for us is the sewage/waste water because we are pretty much under sea level consistently.

My94GT · Mar 1, 2019

This is USD
House value- 580k
Property tax- 7800 year

On septic- every 3-4 years it’ll need to be emptied apparently but we haven’t had to do it yet. Cost should be around 600-700 I’ve been told.

Water/natural gas/electric - around 200 a month
Insurance- 830 a year

The house is a bit over 2600 sq ft and the property is 1.7 acres

Stanger00 · Mar 1, 2019

Are your numbers in American dollars or CAD? I assume nothing. This way we can do some analysis and see what the percentages are in inputs and outputs.

House Value - $609k
Property Tax - $11,987yr
Garbage and Water - $1650yr
Home Insurance - $780yr
Gas & Electricity - $2800yr (average $240 month) summer/winter months are high fall and spring are cheap.

Sent from my iPhone using svtperformance.com

blk02edge · Mar 1, 2019

Stanger00 said:
Are your numbers in American dollars or CAD? I assume nothing. This way we can do some analysis and see what the percentages are in inputs and outputs.

House Value - $609k
Property Tax - $11,987yr
Garbage and Water - $1650yr
Home Insurance - $780yr
Gas & Electricity - $2800yr (average $240 month) summer/winter months are high fall and spring are cheap.

Sent from my iPhone using svtperformance.com

Cad, house cost to tax ratio would be roughly the same. Either way thats some wild ass property taxes some of you have to pay but I'd assume you have lower income tax rates.

tistan · Mar 1, 2019

blk02edge said:
Just curious how the annual cost of one family home compares between our countries and between different states. Just the simple basics, sparked by some numbers I saw in another thread.
BC, Canada
For me on my 500k (assessed) house;
-property tax- $1200/year
-irrigation district/garbage pick up-$450/year
-home owners insurance-$1200/year
-natural gas bill- about $80/month
-electricity- 160ish bi monthly.

I know it'll vary a ton due to location and other aspects, but curious what others pay throughout.

$1200 a year property tax on $500k home seems unreal.

BlckBox04 · Mar 1, 2019

tistan said:
$1200 a year property tax on $500k home seems unreal.

Yea seriously. I own a three bedroom townhouse and my property taxes are still $6000 a year

DriftwoodSVT · Mar 1, 2019

House Value - $840k
Property Tax - $13,500yr
Garbage and Water - $1480yr
Home Insurance - $1340yr
Propane & Electricity - $1800yr
Septic - $200yr

3150 Sq. ft and 4 bd/3.5 bath

We only have propane for our cook top and fireplace. No natural gas. We also spray foamed all the exterior walls, ceiling and under the roof, making the place super efficient. Tankless water heater, metal roof, 17 SEER HVAC, complete LED lighting throughout keep the costs down.

CGLhawk260 · Mar 1, 2019

I feel sick

/ Home value 350,000 property tax $8,000 per year for house. Insurance 1200.00 per year Electric bill average 250 per month =$3,000 . Oil and pellets stoves 1,100 per year.. 2100 sq ft house. +500 sq finished basement. There's a lot of other taxes and expenses to live in CT but it may be off topic.

BlckBox04 · Mar 1, 2019

CGLhawk260 said:
I feel sick / Home value 350,000 property tax $8,000 per year for house. Insurance 1200.00 per year Electric bill average 250 per month =$3,000 . Oil and pellets stoves 1,100 per year.. 2100 sq ft house. +500 sq finished basement. There's a lot of other taxes and expenses to live in CT but it may be off topic.

Man I'm not too far away from you, I feel the burn too. We live in an expensive part of the country.

My94GT · Mar 1, 2019

DriftwoodSVT said:
House Value - $840k
Property Tax - $13,500yr
Garbage and Water - $1480yr
Home Insurance - $1340yr
Propane & Electricity - $1800yr
Septic - $200yr

3150 Sq. ft and 4 bd/3.5 bath

We only have propane for our cook top and fireplace. No natural gas. We also spray foamed all the exterior walls, ceiling and under the roof, making the place super efficient. Tankless water heater, metal roof, 17 SEER HVAC, complete LED lighting throughout keep the costs down.

Ouch that property tax, how much land to go with the house and where about a do you live? I thought I had it bad here in MD

DriftwoodSVT · Mar 1, 2019

My94GT said:
Ouch that property tax, how much land to go with the house and where about a do you live? I thought I had it bad here in MD

5.5 acres, about 20 miles SW of downtown Austin. Very rural, country area but crazy high school taxes.

Coiled03 · Mar 1, 2019

13COBRA said:
I had to correct it, that was wrong haha It's just shy of $8k.

Still. Plus, we have ludicrous income taxes. So yeah, I'll stick with, "**** you Illinois!"

blk02edge · Mar 1, 2019

tistan said:
$1200 a year property tax on $500k home seems unreal.

And I live in an expensive province... Ill bet I pay twice the income tax though

Comparing cost of home ownership

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