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$240 MILLION: Powerball lottery jackpot increased

Topic closed. 75 replies. Last post 4 years ago by maximumfun.

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United States
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May 25, 2011
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Posted: June 12, 2012, 7:51 pm - IP Logged

can't be worse than jersey, can it ?

Or NY and CA?

    Jill34786's avatar - Lottery-006.jpg
    Windermere, FL/Franklin, TN
    United States
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    March 1, 2007
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    Posted: June 12, 2012, 9:30 pm - IP Logged

    can't be worse than jersey, can it ?

    Not sure about Jersey or  CA but here in Orlando, the tax is roughly 18k for every million of assessed value. We also have a home in TN and the tax rate there is based on 25% of the assessed value...approx. 7k for every million of assessed value (not the actual value).

      golfer1960's avatar - Lottery-003.jpg
      Eatontown, NJ
      United States
      Member #119670
      November 29, 2011
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      Posted: June 12, 2012, 10:47 pm - IP Logged

      So true! with the property tax on many of the higher end homes being well in the 6 figure range it puts a slight damper on the positives our state has to offer.

      Hi Jill, you and dpoly got me nervous about those tax rates. They are expensive in Miami but with $160M cash after winning Powerball (yeah right), I think I'll be okay.

      I found a house in Miami for sale for $799K and the taxes in 2011 were $11,682. That's doable. The house is large enough for me and my family at 5bd/4ba, 4100 sq ft, built in 2005, on a golf course community. Here it is: Do you like it?

      miami housemiami house 2miami house 3miami house 4

        haymaker's avatar - Lottery-012.jpg
        Egg Harbor twp.south Jersey shore
        United States
        Member #112968
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        Posted: June 12, 2012, 11:03 pm - IP Logged

        Hi Jill, you and dpoly got me nervous about those tax rates. They are expensive in Miami but with $160M cash after winning Powerball (yeah right), I think I'll be okay.

        I found a house in Miami for sale for $799K and the taxes in 2011 were $11,682. That's doable. The house is large enough for me and my family at 5bd/4ba, 4100 sq ft, built in 2005, on a golf course community. Here it is: Do you like it?

        miami housemiami house 2miami house 3miami house 4

         golfer1960, LOL, doable ?

        $799k and taxes are $11,682 ? chump change !

        my house is worth abt. 350/375,

        taxes abt. 9100.

        Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

          golfer1960's avatar - Lottery-003.jpg
          Eatontown, NJ
          United States
          Member #119670
          November 29, 2011
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          Posted: June 12, 2012, 11:30 pm - IP Logged

           golfer1960, LOL, doable ?

          $799k and taxes are $11,682 ? chump change !

          my house is worth abt. 350/375,

          taxes abt. 9100.

          I know haymaker. My taste are conservative (i'm cheap). I can't see myself in a mansion with huge overhead. Scares me.

            psykomo's avatar - animal shark.jpg

            United States
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            May 30, 2004
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            Posted: June 12, 2012, 11:30 pm - IP Logged

            240M$ j/p... 60M$ w/ 4 winners?  (let's spread it around!)

            G@@D>>>>>>????>>but<<Let'$$$ NOT<<SPREAD it around!!!!

            $PLIT>it>w/>>U/me Quebec Papa$$

            Jack-in-the-Box

              Jill34786's avatar - Lottery-006.jpg
              Windermere, FL/Franklin, TN
              United States
              Member #50210
              March 1, 2007
              843 Posts
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              Posted: June 13, 2012, 11:29 am - IP Logged

              Hi Jill, you and dpoly got me nervous about those tax rates. They are expensive in Miami but with $160M cash after winning Powerball (yeah right), I think I'll be okay.

              I found a house in Miami for sale for $799K and the taxes in 2011 were $11,682. That's doable. The house is large enough for me and my family at 5bd/4ba, 4100 sq ft, built in 2005, on a golf course community. Here it is: Do you like it?

              miami housemiami house 2miami house 3miami house 4

              Not bad, looks very nice! The taxes were most likely based on a much lower valuation but it is within reason for that home.

              I like the paved driveway but it seems that it only has a 2-car garage? Where would you park all your toys?

                Jill34786's avatar - Lottery-006.jpg
                Windermere, FL/Franklin, TN
                United States
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                March 1, 2007
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                Posted: June 13, 2012, 11:35 am - IP Logged

                 golfer1960, LOL, doable ?

                $799k and taxes are $11,682 ? chump change !

                my house is worth abt. 350/375,

                taxes abt. 9100.

                haymaker- $9100 on property taxes on a home worth 350/375k ?! I thought the taxes were bad here in Florida but your state takes the cake Eek  I guess having the honor of being one of the highest taxed states is a reason so many have relocated elsewhere.

                  haymaker's avatar - Lottery-012.jpg
                  Egg Harbor twp.south Jersey shore
                  United States
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                  June 29, 2011
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                  Posted: June 13, 2012, 12:15 pm - IP Logged

                  haymaker- $9100 on property taxes on a home worth 350/375k ?! I thought the taxes were bad here in Florida but your state takes the cake Eek  I guess having the honor of being one of the highest taxed states is a reason so many have relocated elsewhere.

                  Yes, thats why many have bailed.

                  The problem is funding education, 69% of those taxes go to the school district.

                  Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

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                    Ga
                    United States
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                    December 20, 2011
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                    Posted: June 13, 2012, 12:45 pm - IP Logged

                    I wonder how much it will jump.if it tools over agian. I'll guess $312.

                      Jill34786's avatar - Lottery-006.jpg
                      Windermere, FL/Franklin, TN
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                      Posted: June 13, 2012, 12:56 pm - IP Logged

                      Yes, thats why many have bailed.

                      The problem is funding education, 69% of those taxes go to the school district.

                      69% towards schools?! Here in Florida it's "only" 47% perhaps that's one of the reasons why our children in the public sector are doing so poorly.

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                        January 29, 2012
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                        Posted: June 13, 2012, 5:18 pm - IP Logged

                        Well ten bucks of this pot is mine.   I played my usual set of numbers, two from last nights fortune cookies and two quick picks.   The gas station down the street where I bought my tickets tonight had somebody hit a million dollar winner earlier that day on a $20 instant lottery ticket.   (I don't play instant lottery although I have bought a few White Sox scratch tickets as that's my favorite team so their sucker promotion using MLB worked it's charm on me.)


                        I hope one of us wins tonight, here's to a different life come Thursday......cheers!

                          golfer1960's avatar - Lottery-003.jpg
                          Eatontown, NJ
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                          Posted: June 13, 2012, 11:23 pm - IP Logged

                          Not bad, looks very nice! The taxes were most likely based on a much lower valuation but it is within reason for that home.

                          I like the paved driveway but it seems that it only has a 2-car garage? Where would you park all your toys?

                          Jill, Hopefully, I won't need more than 2 cars. One for me and my girlie! Naughty  I would like to have my own custom golf cart too. So I might need a 2 1/2 car garage. Smile

                          I'll buy this Cadillac Custom Golf Cart for the half garage:

                          custom cart

                          I see you play golf. Do you have your own cart?

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                            Elgin, IL
                            United States
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                            July 2, 2010
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                            Posted: June 14, 2012, 1:12 am - IP Logged

                            Well, the hype of that is over. It was won in Iowa.

                              ttech10's avatar - blobdude
                              Texas
                              United States
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                              June 5, 2010
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                              Posted: June 14, 2012, 1:23 am - IP Logged

                              Congrats to Iowa, I think it's been a while for them (the site I check for past jackpot wins by state doesn't do PB, so not sure on that).

                              Maybe this rollover will be my time, people will be looking at this win and some may even bring up the last time Iowa made news for a lottery win.