Property Taxes

Are property taxes ever good news?  Well, they come pretty close in Prescott.  

If you tired of paying through the nose for services that never materialize, then this episode is for you.  We talk turkey about taxes here in Prescott and how they compare to those in other, less fortunate places.

hello hello hello and happy good afternoon how’s that that’s good Happy good afternoon happy good afternoon yeah you’re good and happy this is Diane and Randall bro you’re a fellow thank you for identifying yourself she’s pickling I am the pickle lady as well uh thank you for listening to our current little Vlog that we’re about to do it look at you we’re happy to have you here isn’t that a Russian name I don’t know but anyways we’re just delighted we’re with exp Realty we’re local Realtors here in Prescott here to talk to you about a lot of questions we get about property tax property taxes it weighs heavily on a lot of our out of town people who come in heavily heavily and I swear I swear on on the Holy Bible I swear whatever you need me to swear on uh we do not have a stepped up tax appreciation as you will find in other states such as California yeah uh maybe at Oregon and Washington when you buy here there might be a slight adjustment on the current property taxes on the home you’re purchasing but it will not be a dramatic increase like oh they bought this house for 200 000 and now we’re selling it for six hundred thousand so I guess the taxes are going to shoot Sky High does not happen does not happen that way so I swear yeah we had uh two back-to-back years in Prescott uh 30 appreciation during the Covenant market and during that time I think property taxes actually went down yeah they actually went down so so we have a zero-based budget approach to government here in Prescott the uh I guess it’s the county I don’t know the city the whoever mayor who the mayor he gets down he must have a meeting yeah they they figure out what their budget is and they plan to have no money left over at the end so they they put together this is how much money we need to run the place at this point this is all the property that we have and they kind of back into what they need to charge so that they break even right what’s the most important things that we need to address this year yeah and uh they take care of it it’s a very Progressive little town yeah um we don’t have potholes we don’t have roads that need work on we don’t have confidence yeah it’s pretty confident I don’t know what they’re doing they kind of know what they’re doing um things are handled here so they’re not always looking to gouge you for more money taxes they just don’t do that so I mean your taxes might go up fifty dollars yeah might go up 100 might go down 50 it just really depends on what the city is looking at and what their needs are to accomplish for the upcoming year so I know it’s hard to believe yeah we’ve been here six and a half years I think my taxes might have gone up total at the maximum two hundred dollars that’s it all right so now as we are recording this this is November of 2022. yep and let’s talk a little turkey so oh let’s say I have a home it is in Prescott Lakes uh cost of the home is 750 000 okay what’s the property tax probably going to be probably anywhere from 2100 maybe to 2500 yeah that’s per year per year that’s the other question we always get so do you mean every six months no that’s quarterly right no no it’s not quarterly it’s not semi-annually it’s once a year once a year that’s it and it won’t sell out when your property values go up that’s right some homes in here it might even be 1800 1900. uh taxes are extremely reasonable here so when you’re looking to move here think about all of that your cost of living is going to go way down think about just the savings alone on your property taxes we have some people in our car they’re paying 11 to 15 000 a year yeah I mean that’s like a fancy vacation you could take yeah yeah that’s like oh now we can that money’s freed up now I can go out and really enjoy life without sweating these huge property taxes yeah in other states and so we swear they don’t go up they don’t go up you’re not going to have a crazy stepped up tax appreciation it’s uh pretty chill here yeah we need to do another wind down on property tax but I would just give you the short version because I know that’s what you’re thinking yeah but they’re going to get me with income tax right oh yeah um I knew what you said so okay here’s the thing most of the people who are coming in they are going into retirement when you retire your income goes down so uh even though you have lots of assets you’re supposed to pay on your you know your annual income and for most people retiring that number goes down yep uh even if that’s not the case the income tax here is reasonable yes it’s really really small yeah our property taxes are lower we aren’t going to get you in the income tax yeah it is it’s still pretty reasonable that’s not like the state of Texas we used to live in Texas oh no no uh income tax no income tax yeah but we’re paying 12 000 in property tax from a home they get you in other ways for 350 000 yeah guys something like that they’ll get you another one we’ll get you yeah so um yeah add those two together yep uh and uh the both of them are very low here so taxes are a good thing so it’s a it’s a happy day and you you will be happy too when you’re going on a cruise are you taking a little John to Hawaii instead of sending it to whatever state you’re living in that’s right for your you know 30 year old home yeah yeah that’s just my opinion yeah so a little good news for you a little good news that’s a a little another tip so we got plenty of tips for you a tip from the Bro Team from the pickle lady here in Prescott Arizona we hope to hear from you soon you can check us out at pickle411.com that’s our free information site whether you are a buyer seller somewhere in between just looking for a good time I just want to know about taxes that is the place to go pick a 4-1-1 be careful on the good times I mean we’re not making all kinds of here yeah yeah you know what I’m saying within reason within reason people all the fun that the law will allow are described for you within reason yes there you go all right hope to see from see from you soon oh my God it’s a Friday and I’m tired I don’t know I didn’t even say speak it that’s right the English you speak it I speak it as well anyway hope you have a lovely day and thank you for listening to this public service announcement over and out