NZ440, you're probably more right than you know!
Virginia is certainly not the most expensive state in which to live, but it isn't the cheapest either. If you buy a house in the Richmond suburbs or in Hampton Roads (Tidewater area), you're going to be spending at a minimum around $250k to live in a decent area, but most neighborhoods these days are well into the 300's and 400's in desireable areas, sometimes more. You can tack on an extra $100k-$200k+ for a house in northern Virginia counties. It used to be where you could move out to the rural counties to buy real estate pretty affordably, but for the most part, those days are gone as Virginia's smaller cities like Charlottesville, Lynchburg, Harrisonburg and Roanoke continue to rapidly grow. There are plenty of people struggling to get by in Virginia just like any other state. The bottom line is...the gubment at every level is always going to get their piece of the pie, whether it's fair or not.
int2old, you are in great shape in Albemarle! That's how it was in Hanover County where I grew up. Gloucester County isn't like that at all...I wish it was in this instance! I guess we're more like northern Va without the required emissions test. You live in pretty country out there. FYI, they get values here from the average retail price on nada.com. Last year, a '70 'Cuda was not worth $4000 according to NADA, and this year, avg. retail is $22000 for one like mine.
cudahob, it is deductible, that's true. :thumbs: But it is on top of your property taxes. it's personal property taxes in addition to real estate(property) taxes, which aren't very cheap, especially living on waterfront property.