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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (49678)3/10/2006 9:17:55 AM
From: George8Read Replies (2) of 306849
 
Speaking of "sky high property taxes", we have just received the new school budget that will require over 14% increase on already sky high taxes. The district super claims that all the increases are either built in, contractual obligations, or voted in by you voters.. and it is what people want for our communities....

Awakening someday ?... We sincerely dream for CA Prop 13 or FL SOH. It's the only way to cap spiral public spending....

You may ask how high our property taxes are? Well, for the medium homes at $450k (1800 SF 3/2), the taxes are about $12k. And for anything at $650K-800k (2700-3000 SF 4/3), the taxes are $15-20k. And the coming school taxes will be 14% over this. And, anything over 3200 SF, the bill easily goes over $20K.

And, this is only Rockland County in New York. It's depressing!
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