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Recently got a job offer in Oregon on the Snake River. I noticed that property and housing is a lot cheaper on the Idaho side of the Snake River. My question is, if I work in Oregon and live in Idaho, whose taxes do I pay? If I was a homeowner or property owner in Idaho, do I pay sales taxes on the property every year? Would I be better of working and living in Oregon? | ||
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You are somewhat confused in your terms. Let me hasten to add that I am not an accountant, nor am I really familiar with Oregon or Idaho tax structures. However, I am fairly certain the following is true: First, if you earn ANY money in Oregon, you will owe Oregon income taxes on it, which will likely be at about a 9% rate($ above $7950). In ADDITION, if you are an Idaho resident you might ALSO pay taxes on the Oregon income (from Idaho tax site): . The credit for Oregon taxes paid might offset any Idaho taxes owed. It probably will but I'm not sure and am not getting paid for digging up tax info. While some (most don't) states charge some form of sales tax when you buy a piece of property, you don't pay yearly sales taxes on property normally, you pay what is commonly called "property taxes", more correctly called Ad Valorem taxes, which varies from state to state and often, from county to county. Schools are usually funded, at least in part, by ad valorem taxes. They are usually paid every year, often being due in Dec or Jan but that can vary. AFA which would be better to live in from a financial POV, that would require detailed information of where you were going to live, the Ad Val taxes on that location, and your income, both from work and otherwise, plus you would have to factor in the costs and time involved in the daily commute to work. Personally I would consider the latter to be a major factor. It would be worth a considerable amount of money to me to be 5 minutes drive from my work instead of 45 minutes or more, not to mention the savings on gas, wear and tear on vehicle, plus increased chances of collisions, etc. A couple of final points, and this is just a general observation, if home property values in Oregon are higher than in the adjacent area of Idaho, they will likely maintain that difference, so when or if you choose to sell then you will get it back, plus increases for inflation, etc. Also, if you live in Idaho, you will be able to buy Idaho resident hunting licenses and have to buy Oregon non-resident. As a general observation, I think I would rather pay for and have a resident Idaho license than one in Oregon. YMMV. xxxxxxxxxx When considering US based operations of guides/outfitters, check and see if they are NRA members. If not, why support someone who doesn't support us? Consider spending your money elsewhere. NEVER, EVER book a hunt with BLAIR WORLDWIDE HUNTING or JEFF BLAIR. I have come to understand that in hunting, the goal is not the goal but the process. | |||
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You will definitely pay Oregon taxes if you work there regardless which side of the river you live on. Seek competent tax advice on offsets. Oregon has no sales tax. Jim | |||
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Idaho is one of the most conservative states, in terms of the Constitution as written and 2nd Amendment rights. Shall issue CCL. Oregon is one of the most liberal states west of the Mississippi. I live in Idaho, 33 miles from the Oregon border. You couldn't get me to move to Oregon. Here since summer of 1978. Rich | |||
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Rich, just stay on your side of the line, and quit sneaking over here | |||
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Rich, do you have to pay property taxes, sale taxes on your property or vehicle every year based on the value? Are registration fees on vehicles or farm equipment based on the value too? The area I am looking at is Fruitland or Weiser otherwise I will focus on Huntington or Ontario area in Oregon. Does Idaho still offer a lifetime hunting license? | |||
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Gatogordo, Thanks for your response. I am attracted to Idaho because most of the farmland are a lot cheaper than Oregon and the water rights are a lot cheaper and a lot of them are free. I am planning on getting back into growing alfalfa and Timothy grass on the side again. I could easily pay for a yearly safari hunt. Most of the farms or ranches are switching over to corn. | |||
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In Idaho you only pay sale tax on a vehicle the first time you register it. The sales tax is either paid when you buy from a dealer or if a private sale you pay it when registering the vehicle. Registration fees are based on the age of the vehicle and go down some every five years or so. It cost me approx. $75 to register my 1999 diesel truck with specialty plates, these plates are an extra $25. My 2012 car was about $60 with the regular style plates. Idaho does have a lifetime hunting license. I bought my grandson one when he was 3 months old and at that time it was $150. It is good even if he moves out of state, but if he does he has to buy non resident tags.
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Talk to a CPA and guess what? There's only a $70.00 difference between the Oregon and Idaho if I lived In Idaho and buy everything in Oregon. Now I am trying to determined which state has better hunting and fishing. I mostly do a lot of upland bird hunting and waterfowl with my drahthaars. | |||
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I have a similar situation here in Texas;not between states but counties.The county line runs through my property.I applied for homestead in both + got it. Then Williamson wanted to tax me additionally for all my equipment (after regular property) + it increased every year. I went down to the tax office + explained that equipment depreciates, it does not appreciate.I got my point across + then discovered that the county line had moved due to the new satellite survey system + that none of my shop was in Williamson County at all.I'm not even going to waste my time to ask for my money back.More complaints but that can wait. Never mistake motion for action. | |||
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Damn! | |||
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Just a further thought...if you haven't already accepted the job offer, check into what states don't have a state income tax. Washington is one and it's in that area. Texas is another. And there are others. And two more, TN and NH have a limited income tax on individuals. Those states tax only dividend and interest income. | |||
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