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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: fatty who wrote (12614)8/18/2003 11:02:11 PM
From: GraceZRead Replies (2) of 306849
 
For the country as a whole, I think the $14k tax bill is a reasonable market price for a house worth $500k

I think if you get a little further afield you'd find that 14k on a house that would sell for 500k that was bought for much less is way above the national norm. I just checked a number of houses near me that would sell above 500k and they all have taxes in the 3000-6000k range. The highest one selling for 3.5 million had real estate taxes of $5694 year. The schools around here are excellent and the surrounding countryside beautiful. And Maryland is always pointed to as a high tax state!

Now why it is that you think 14k is "reasonable" is beyond me. Maybe you think it's reasonable because it's what you think you are stuck paying.
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