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  1. #1
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    Omaha NE property taxes

    Wife has decided the stay at home mom thing is over now that Ethan is 2 years old. She accepted an offer with a great company in Omaha. I was just working through the back of the envelope calculations on the home she likes. We are planning on putting down a hefty downpayment cuz I believe prices will move back up over the years we expect to live there (Old Market Area). I just realized that the monthly escrow withholding for property taxes is higher than the P&I. Is there any other city in the midwest where you have more than $10,000 in yearly property tax for a home of 2600 square feet. Holy Crap!!!! Any Omaha'ers out there, this is unreal.



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    Re: Omaha NE property taxes

    Quote Originally Posted by rebecacy View Post
    Wife has decided the stay at home mom thing is over now that Ethan is 2 years old. She accepted an offer with a great company in Omaha. I was just working through the back of the envelope calculations on the home she likes. We are planning on putting down a hefty downpayment cuz I believe prices will move back up over the years we expect to live there (Old Market Area). I just realized that the monthly escrow withholding for property taxes is higher than the P&I. Is there any other city in the midwest where you have more than $10,000 in yearly property tax for a home of 2600 square feet. Holy Crap!!!! Any Omaha'ers out there, this is unreal.
    YIKES! I thought Ankeny was bad. Why anyone would pay that much to live in that ******** is beyond me.



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    Re: Omaha NE property taxes

    And it will get worse. Omaha has many underfunded contracts, lots of debt and major infrastructure work to do.



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    Re: Omaha NE property taxes

    Why would you raise a child in the Old Market? Hey son, let's go play catch on Harney Street. Watch out for the drifter peeing in the gutter. Isn't this swell?



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    Re: Omaha NE property taxes

    Quote Originally Posted by Senolcyc View Post
    Why would you raise a child in the Old Market? Hey son, let's go play catch on Harney Street. Watch out for the drifter peeing in the gutter. Isn't this swell?
    It's on a newly refurbished park and close to the Montessori School Rebe likes for Ethan. The condo/loft was once listed at over 1.2 M and they took an offer for <25% of that. We are city folks and love downtown living.



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    Re: Omaha NE property taxes

    Quote Originally Posted by rebecacy View Post
    Is there any other city in the midwest where you have more than $10,000 in yearly property tax for a home of 2600 square feet. Holy Crap!!!!
    $10,000 isn't that bad if the house is worth a million or so.



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    Re: Omaha NE property taxes

    Quote Originally Posted by rebecacy View Post
    It's on a newly refurbished park and close to the Montessori School Rebe likes for Ethan. The condo/loft was once listed at over 1.2 M and they took an offer for <25% of that. We are city folks and love downtown living.

    So why ***** about the taxes? You've made up your mind. They aren't going to lower them for you.



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    Re: Omaha NE property taxes

    Quote Originally Posted by rebecacy View Post
    It's on a newly refurbished park and close to the Montessori School Rebe likes for Ethan. The condo/loft was once listed at over 1.2 M and they took an offer for <25% of that. We are city folks and love downtown living.
    Wait, you got a house for $800k and your complaining about property taxes being $10k?



  9. #9
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    Re: Omaha NE property taxes

    Quote Originally Posted by chuckd4735 View Post
    Wait, you got a house for $800k and your complaining about property taxes being $10k?


    $300+ a square foot. PT Barnum was right!


    Last edited by Senolcyc; 07-21-2011 at 02:48 PM.

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    Re: Omaha NE property taxes

    Quote Originally Posted by chuckd4735 View Post
    Wait, you got a house for $800k and your complaining about property taxes being $10k?
    uh, no kidding. Seems fairly reasonable.

    I have a 2700 sq. foot house in Polk County, assessed at $236k, property tax of $3762.

    Your purchase price (800k) is 3.8x my purchase price (210k). 3.8 x 3762 = $14,295. Seems like yours is a bargain, compared to mine.

    you can always contest the assessment based on the purchase price next assessment go around and get it lowered based on your market purchase price.



  11. #11
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    Re: Omaha NE property taxes

    Quote Originally Posted by CyPride View Post
    uh, no kidding. Seems fairly reasonable.

    I have a 2700 sq. foot house in Polk County, assessed at $236k, property tax of $3762.

    Your purchase price (800k) is 3.8x my purchase price (210k). 3.8 x 3762 = $14,295. Seems like yours is a bargain, compared to mine.

    you can always contest the assessment based on the purchase price next assessment go around and get it lowered based on your market purchase price.

    What he really wanted to do was tell us how much he spent on a new house. So we knew he was rich and all.



  12. #12
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    Re: Omaha NE property taxes

    Quote Originally Posted by rebecacy View Post
    It's on a newly refurbished park and close to the Montessori School Rebe likes for Ethan. The condo/loft was once listed at over 1.2 M and they took an offer for <25% of that. We are city folks and love downtown living.
    In Omaha, you could pay $10k on a $425k home, so it sounds like you are getting off light for an $800k condo.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

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    Re: Omaha NE property taxes

    2300 square foot house in Elkhorn, taxes $4300/year. About twice as high as CB across the river.

    Omaha has it's nice points too..............



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    Re: Omaha NE property taxes

    there are plenty of cities with prop taxes > 3%. so your 800k condo could easily have 25k in property taxes. omaha seems cheap.

    good luck with that condo appreciating too.



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    Re: Omaha NE property taxes

    Have you watched Omaha TV news yet? Crime in Omaha is bad. I was watching des Moines and Omaha news, and I don't know if this is the exact figures, but DM reportes their first homicide about April this year, while omaha at that time was about a dozen. Also ironically, there is a street in north O, Ames ave that seems to be right in the middle of the worst of it.



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