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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (8969)	2/17/2003 9:44:48 PM
From: GraceZ	Respond to of 306849

On-going taxes, such as real estate valuation taxes, do affect the price of a home. These taxes cause a reduction in home value as they are increased. This type of tax can make a property less desirable, unless the taxes provide equal off-setting amenities for the property. Taxes alone are a disadvantage like being located in a flood zone, or next to a smoking factory. We have the perfect example of this in the Baltimore area. The city has almost double the tax rate of the surrounding county. There are several neighborhoods that straddle the city/county line which have identical properties except for some being in the city and some being in the county. The ones in the county sell for almost twice what the city ones do. It's a perfect example of higher tax rate without offsetting amenities.