Quote:
Originally Posted by Frank Lee
MN bills a couple thousand for a place worth $50K.  |
I believe there's a substantial difference in real estate prices. (MN = Minnesota, right? There's one for the Daily Annoyances thread, those stupid two-letter codes for states.) My neighbor's son moved to Iowa recently, and bought a pretty nice house for about $40K. Around here you might get a one bedroom condo for twice that. Since a lot of fixed costs for schools and other stuff the property tax pays for are pretty much the same wherever you live, the tax rates need to be higher where property values are lower.