Posted on 12/22/2015 1:07:05 PM PST by george76
I feel your pain. I’m out in Suffolk, and to be honest, I feel lucky compared to my father’s tax bill — he’s in Port Washington and pays about $20K/year (and that’s AFTER the Senior Citizen discount).
As I said...highway robbery.
Regards,
You don’t have to tell me about Long Island and trash pickup. LOL
A friend of a friend, actually an acquaintance of a friend tried to start his own carting company on Long Island. It did not go well. The mob nailed him within weeks.
Another friend had a wonderful house right on the water. Their taxes were a modest 10k. When they moved the new buyer came in and began to make waves and complaints. His property taxes went over 50k.
Long Island can be incredibly beautiful but it can be challenging.
Property taxes are high in Illinois, but not that high. Property taxes vary from county to county, but aren't going to be that much different. A $50K house in my county has a yearly property tax of around $1.1K or so. A $100K home would have a $2.2K yearly property tax. If Carbondale is like my county, the tax assessment is about a quarter of the value of home. On a $42K home. The assessed value would be $10.5K. With the tax rate being 10.25%, the tax would come to $1,076.
My alarm bell is going off on this house. There could be all sorts of deed restrictions if Federal or State money was used to fix it up.
“Come to Long Island. I live in a 4BR/2B Cape Cod, on 1/3 acre. Our current property (school) taxes are now pushing $15K/year.”
If the appraised value of your home is under 1 million, you are getting financially raped.
“(And I wouldn’t — and didn’t — send my kids to the public schools, either. Catholic school and home schooling for them.)”
Nothing like paying for your childrens education twice.
Who would have thought that your property tax payment would be higher than your mortgage payment, it's ridiculous.
Looks like your friend won the financial rape victim Kewpie doll.
The guy asked for it. Someone should have told him that you don’t move into a small incorporated village and irritate the locals. He irritated some very important people big time.
Time to sell and GTHOT : )
Merry Christmas.)
Oh you realtor is a jerk for not helping you out here.
...
I’ve recently worked with realtors and title insurance people. They are either greedy liars or idiots.
Yes, it is criminal how much the taxes are here, and no, I didn’t like paying for my kids’ educations twice, but there was NO WAY IN HELL I was sending them to public school.
Thankfully, my husband and I planned our finances so that we could afford to live off his income alone. Had we purchased a house figuring in my former income, we would have been up the creek pretty quickly when those taxes started to rise. And they rise EVERY year.
So...we did what we had to do to make it work. We both drive 10-year-old cars, our vacations are to my mother’s cottage up at a Pennsylvania lake, and thankfully, I’m not a big spender on things for myself. We make home improvements as savings become available, and keep an emergency fund for fun stuff like exploding water heaters.
But in the end, it will all work out. We purchased the house at the bottom of the market in 1996, and now our house will one day fetch about $500K because it’s in a good neighborhood with what is considered to be a “good” public school system.
So when we do escape to go live in the country someplace, we should be fairly well set. In the meantime, I better keep paying those highway robbery taxes.
Regards and Merry Christmas,
“Thankfully, my husband and I planned our finances so that we could afford to live off his income alone.”
Very good thinking.
I home schooled my daughter. She graduated at 16. Her SAT scores were 790 V, 770 M. I had to hire tutors for math, as she could run circles around me in this regard. took a year at Oxford. She graduated from Stanford. Home schooled kids are much better prepared than the average ones who attend public screwells : )
Merry Christmas.
The tax could end up being close to 5,000/yr ..on a dinky little home like this!?!?
They divide the estimated market value by 3 to get the assessed value.
Think closer to $1450 for your taxes.
I now recommend anybody use a lawyer for a real estate transaction.
They don’t have Scott Walker. My property taxes in Wisconsin went down $700 this year.
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