Most scary movies nowadays suck. Most of them are just blood and gore, and somehow that makes it scary. I like the old ones that relied on the story and the possibility of it being true. Those get to you a lot more than some over the top gore movie.
The most recent one that I have seen was House on Haunted Hill. The remake has little to no story, but the original is not meant to be scary. The original has a crazy ending that I didn't see coming.