Whats wrong with house taxes?

[mcSlothalot]

So a week ago I bought my first house.
The game said that the price and the tax are halved because its my first property. The amount of tax that was shown to me was 375 gold.

Right after buying, the tax for some reason was more than 600 gold. Ive checked the tax rate in the city and that was only 5%. Im not math genious, but that doesnt add up.

A few minutes ago when I was playing, I wanted to teleport back to my house but couldnt because I didnt pay the tax yet. So did, but suddenly it did cost me 900 gold instead. And after paying and teleporting back to my house, the tax was 700 and something gold. (and the tax rate was at 6%)

Can someone explain to me how the tax is calculated? The game basically baited me into buying a more expensive house.
Do I have to pay more tax if I forget to pay the tax?

[morph113]

Well what I know is that the 50% discount for the first house doesn't affect the tax even though it shows like that. So you still have to pay normal tax. And for the tax itself you then pay based on what house you have and what the tax rate is in the city. If we assume standard 10% tax rate, then T1 house costs 500, T2 costs 1000, T3 costs 1500 and T4 2000 gold per week. With 5% tax rate these are obviously halfed. 20% tax would mean double pay. Also if you selected the right perk cards for territory standing, it can reduce property tax as well.

As to why you were shown 600, then 900 and then 700 I can only assume that the company in charge of the settlement probably changed the tax rate a few times.

[Horrorscope CC97]

There's a reason why people don't like taxes and trust the gov't. :)
This game is too realistic, just pray they don't alter the plan further.

[WiseCog]

How often do we pay tax? I dont own a house yet.

[Blank]

Originally posted by WiseIncognito:

How often do we pay tax? I dont own a house yet.

Once a week, which is dumb imo.

[Kamiyama]

If the first house discount is a lie then I'm never buying a house.

I am Scrooge incarnate.

[WiseCog]

Originally posted by ₩:

Originally posted by WiseIncognito:

How often do we pay tax? I dont own a house yet.

Once a week, which is dumb imo.

Wow. so that means everything from 1000-2000 gold every week. And if we own three houses thats up to 6000. This is insane. Ive only earned 15000 gold since I started playing, and that is since release.

[Horrorscope CC97]

Originally posted by WiseIncognito:

Originally posted by ₩:

Once a week, which is dumb imo.

Wow. so that means everything from 1000-2000 gold every week. And if we own three houses thats up to 6000. This is insane.

That's why I rent, upkeep and property taxes, the hidden killer.

[Blank]

Originally posted by WiseIncognito:

Originally posted by ₩:

Once a week, which is dumb imo.

Wow. so that means everything from 1000-2000 gold every week. And if we own three houses thats up to 6000. This is insane.

That taxing also depends on where your home is, the companies that own the territory can jack your prices up. I have a 30% discount and even then I still pay 1500g.

[morph113]

Originally posted by WiseIncognito:

Originally posted by ₩:

Once a week, which is dumb imo.

Wow. so that means everything from 1000-2000 gold every week. And if we own three houses thats up to 6000. This is insane. Ive only earned 15000 gold since I started playing, and that is since release.

Well depends on the tax. Just in theory if you own 3 of the most expensive houses and in all cities the tax is set to 20% which is maximum I think, then you would need to pay 12,000 gold every week. 4000 per house.

[WiseCog]

Honestly thats crazy. You would have to make this mmo your life to sustain 3 big houses. Granted I play a lot but I would still have difficulties. I would be broke within 2 weeks.

[WiseCog]

Another question. Can you abandon houses to buy a completely new one? Or are you stuck with the first 3 houses you buy forever?

[Blank]

Originally posted by WiseIncognito:

Another question. Can you abandon houses to buy a completely new one? Or are you stuck with the first 3 houses you buy forever?

You can abandon any of your homes. You can also not pay your taxes, you just lose the few benefits you get from having one.

[Bob Gnarly]

Originally posted by mcSlothalot:

So a week ago I bought my first house.
The game said that the price and the tax are halved because its my first property. The amount of tax that was shown to me was 375 gold.

Right after buying, the tax for some reason was more than 600 gold. Ive checked the tax rate in the city and that was only 5%. Im not math genious, but that doesnt add up.

A few minutes ago when I was playing, I wanted to teleport back to my house but couldnt because I didnt pay the tax yet. So did, but suddenly it did cost me 900 gold instead. And after paying and teleporting back to my house, the tax was 700 and something gold. (and the tax rate was at 6%)

Can someone explain to me how the tax is calculated? The game basically baited me into buying a more expensive house

Yeah like you I got baited into buying the 2nd most expensive house in Everfall thinking I would be saving on rent since it was my first purchase. NOPE

Turns out only the purchase price is halved and rent remains full price.

Originally posted by mcSlothalot:

Do I have to pay more tax if I forget to pay the tax?

Luckily no.

You can let your tax lapse and all you lose is your fast travel point. Tax doesn't build up, so as soon as you pay the single weeks worth of tax, your travel point is reactivated.

[april.is.me]

owning a house gives you extra storage space and you can add trophies which gives buffs, its worth it

[Liatni]

Originally posted by april.is.me:

owning a house gives you extra storage space and you can add trophies which gives buffs, its worth it

Well, that is.. if you are active and making money, money dont seem easy to come by on some servers. Dont pay and that extra storage is useless. How do most people make their money?