No. of Recommendations: 8
In TX it would also be about $65k, but it depends where exactly in TX. But that is truly incredible! Where in the USA are taxes on a $4M property only $10k??? Wow!
In central London UK (City of Westminster), property taxes for both levels of local government for a £4 million house are £2,034.36 per year. Or, for any property more valuable too. Strange. Apparently it's because Westminster has an unusually broad set of revenues, like parking.
Of course what the tax man giveth, the tax man taketh away. The land transfer taxes (stamp duty) are pretty brutal. Extras for second residences, extras for non residents, maybe 17% of purchase price depending on the price of the place.
Jim
