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 (12593)	8/18/2003 6:12:46 PM
From: fatty	Read Replies (2) of 306849

In Springfield, MA, arguably the worst city in New England, the tax rate is $20 per $1000. A $500k house would need to pay $10k per year, which is not too far off your parent's $14k per year. The average house value there is $86k and the average tax bill is $1720. Like all other cities, Springfield has public school, library, parks, museums, police, trash and snow removal etc. But I don't suppose you want to live there even if you can save thousands every year. For the country as a whole, I think the $14k tax bill is a reasonable market price for a house worth $500k before federal/state/commercial/millionaire's subsidies. What is not reasonable, however, is for anyone owns a similar home to pay less just because they lived in the town longer. There might be ways to justify such legislation but definitely hard to explain to outsiders.

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