Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

1,888
Posts
1,045
Votes
Jack B.
  • Rental Property Investor
  • Seattle, WA
1,045
Votes |
1,888
Posts

​Heavy property taxes in WA worse than state income taxes

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

I’ve been planning a relocation recently avoiding states that have income taxes. Then it dawned on me that I’m paying 25K a year in property taxes here, which is CONSIDERABLY more than I would pay in income tax on my six figure salary in a state with income tax, almost twice as much even if you factor in property taxes in a state I move to.

This is really killing my desire to invest in Seattle anymore. Has anyone else considered this and relocated/planned a relocation? Where did you move to?

I was previously targeting Las Vegas, Tampa, Alaska, etc since they are tax free states. But now I’m considering income tax states as long as the property taxes are low. As it stands, property owners and especially real estate investors are footing the bill for the state of Washington…..

In Las Vegas I can get a comparable house as Seattle for 1/3 the price, and 1/6th the taxes. I can also get a job paying the same there as in Seattle. Granted, Las Vegas isn't the tech power house economically that Seattle is so it will be harder to change jobs there than here, but holy crap, the taxes here are atrocious. 

I have at least two 1031 exchanges coming up and am dying to buy elsewhere to escape this hell hole.

Loading replies...