DISCLAIMER: I do not consider myself rich by any means.
That being said, I just found out what my taxes are on my new house.
$14,000. Yeah, that’s right $14,000.
The school tax alone is over $7,000 and I only have one child that will probably not even go to public school!!!
I know people that have 4 kids in the school system that don’t pay even close to half what I pay.
This has just made me stop and think how completely unfair and unjustified property taxes are.
In my old house I paid $2000.
What more am I receiving now that I am paying 7 times the amount of money?!?!?
There may be a “house for sale” thread soon.
New York is a joke.
Owning a huge house in NY is a bad idea. Much better off moving to a state with way lower taxes. Sure, you pay more to get the same house in a lot of those states, but after taxes your monthly payment is close to the same and so much more of your monthly payment is going to equity instead of taxes.
not really. The tax assessment on my house is ~$50k. The appraisal value is well over 2x that. Sadly… I’ve a feeling that’ll be updated soon, based on the permits filed last year.
However, he built new, so I’m sure his assessment is much more “accurate”.