The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (12489)	8/18/2003 12:29:19 AM
From: fatty	Read Replies (1) of 306849

>Why should they have to? There is nothing reasonable about a $14,000 RE tax on a 500k house. One has to wonder how it is that the taxing authorities in my state can get by on $3-4000 on a 500k house. The difference has to be poor government management. Well, what is the typical household composition of a $500k house in that town? Is $14,000 a reasonable amount to cover the services provided to such household? In Massachusetts, school spending per student runs about $7,000 per year. If your parent have two kids attending school, they will be getting other services for free. Also, towns with high real estate taxes tend to be upscale neighborhoods with good school system. Working class towns tend to have low real estate taxes and poor school system. If your parent originally settled down in that town because of the good school system, it's quite likely that they underpaid their share of the expenses when they had school age children. Now is the time to pay back.

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