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

To: Paul Viapiano who wrote (10918)	6/2/2003 2:49:04 PM
From: Lizzie Tudor	Read Replies (4) \| Respond to of 306849

maybe you weren't reading this thread when we discussed it here - I completely agree with you as do some others. The only people who really support prop 13 are the elderly people who truly are the beneficiaries in 2 ways, first they pay effectively no taxes at this point in many cases are just freeloading, but more importantly this law increased the inevitable property appreciation and they benefitted from that. The whole thing is a real sham, and a complete ripoff of the young and working folks. Sortof a statewide version of the social security situation, imo, where one demographic group benefits at the expense of others. Another casualty of prop 13 was the schools in CA which went from first to worst in 30 short years.

To: Paul Viapiano who wrote (10918)	6/2/2003 4:28:27 PM
From: fatty	Read Replies (1) \| Respond to of 306849

>By the way, what are prop taxes % in Boston? How about NY state? Anyone? Residential tax rate is about 1% for most of Boston's suburbs. Properties are re-evaluated every year based on fair market value.

To: Paul Viapiano who wrote (10918)	6/3/2003 12:40:25 AM
From: George8	Read Replies (1) \| Respond to of 306849

Paul: Sit down please before I tell you how much property taxes that we are paying in NYC/NJ area. I believe range of property taxes paid around NYC and Northern NJ is 1.5%-3% of market value. I live in Norwood - a middle class town in Bergen County. I paid $10k on my $600k house. I do not know of anybody in my town paying less than $6k in property tax. Many are paying well over $20k. Property taxes in Westchester and Rockland County of New York are even higher. I own a rental townhouse in Rockland County that I paid $450k in 1997. I paid $16.5k property taxes on the townhouse in 2002. George