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Old 07-27-2018, 12:32 PM
 
21,549 posts, read 30,966,661 times
Reputation: 9658

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Quote:
Originally Posted by JayCT View Post
Here we go again. Lets compare like homes between Issaquah and the suburbs of Hartford. Issaquah is about 17 miles from downtown Seattle and is regarded as one of the more desirable suburbs to live in. For $750,000 you get a 2,400 square foot home on a third of an acre with taxes of $6,500 per year.

https://www.zillow.com/homes/for_sal...8_rect/10_zm/?

Farmington is a desirable suburb of Hartford that is about 10 miles from downtown Hartford. An approximately 2,400 square foot home there is under $400,000 and has taxes of about $5,500. And before you say I am cherry picking, there are at least two homes that fit the description in Farmington.

https://www.zillow.com/homes/for_sal...i6T7wsKCVuoi50

https://www.zillow.com/homes/for_sal...0JrJGAC6NqVrRY

Which is more affordable? Jay
Which is more property tax friendly, is the better question.

In King County, where Seattle is, the average homeowner pays 1% of home value toward property taxes. Connecticut pays 2.02%, and if you narrow it down to Hartford County (which has the highest mil rates in the state), it is likely much higher.

So which is more property tax friendly? Seattle as, statistically, CT residents pay more than double. Sorry but this is really not debatable, as these are facts.
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Old 07-27-2018, 01:00 PM
 
Location: Connecticut
34,688 posts, read 56,476,753 times
Reputation: 11162
Quote:
Originally Posted by kidyankee764 View Post
Which is more property tax friendly, is the better question.

In King County, where Seattle is, the average homeowner pays 1% of home value toward property taxes. Connecticut pays 2.02%, and if you narrow it down to Hartford County (which has the highest mil rates in the state), it is likely much higher.

So which is more property tax friendly? Seattle as, statistically, CT residents pay more than double. Sorry but this is really not debatable, as these are facts.
You are the one that brought this up, so yeah, it is debatable. The price difference alone is more than $1,600 a month in additional mortgage payments (assuming an additional $350,000 is needed) so even if the taxes were higher (which I just showed they were not necessarily so), the difference could be paid off in a matter of a month or two of lower mortgage payments. Jay
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Old 07-27-2018, 02:17 PM
 
21,549 posts, read 30,966,661 times
Reputation: 9658
Quote:
Originally Posted by JayCT View Post
You are the one that brought this up, so yeah, it is debatable. The price difference alone is more than $1,600 a month in additional mortgage payments (assuming an additional $350,000 is needed) so even if the taxes were higher (which I just showed they were not necessarily so), the difference could be paid off in a matter of a month or two of lower mortgage payments. Jay
What’s not debatable is the fact that, on average, greater Seattle homeowners pay half the property taxes than in Connecticut. We can cherry pick homes all day long but that doesn’t change overall statistics.
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Old 07-27-2018, 06:15 PM
 
Location: Northeast states
13,987 posts, read 13,765,378 times
Reputation: 5133
Seattle does have booming job market
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Old 07-28-2018, 09:34 AM
 
Location: Connecticut
34,688 posts, read 56,476,753 times
Reputation: 11162
Quote:
Originally Posted by BPt111 View Post
Seattle does have booming job market
And a booming and expensive real estate market. My family friend that just moved from there said that the problem is that there is a lot of foreign speculative investment there. He said that half the homes in his up and coming neighborhood were vacant because of that. I am sure it was an exaggeration but it was enough that it felt erry to walk around at night. Too many dark houses. Jay
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Old 07-28-2018, 09:57 AM
 
21,549 posts, read 30,966,661 times
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Quote:
Originally Posted by JayCT View Post
And a booming and expensive real estate market. My family friend that just moved from there said that the problem is that there is a lot of foreign speculative investment there. He said that half the homes in his up and coming neighborhood were vacant because of that. I am sure it was an exaggeration but it was enough that it felt erry to walk around at night. Too many dark houses. Jay
Funny. I screen shot that to my family in the Seattle suburbs (who are both originally from Ellington and Windsor) there and his reply was that is so false. He said if anything, it is the opposite. Seattle is booming and there are too many people everywhere.

I’ll take a booming metro area over a stagnant place like Hartford, any day. I think most would agree with that.
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Old 07-28-2018, 11:20 AM
 
Location: Connecticut
34,688 posts, read 56,476,753 times
Reputation: 11162
Quote:
Originally Posted by kidyankee764 View Post
Funny. I screen shot that to my family in the Seattle suburbs (who are both originally from Ellington and Windsor) there and his reply was that is so false. He said if anything, it is the opposite. Seattle is booming and there are too many people everywhere.

I’ll take a booming metro area over a stagnant place like Hartford, any day. I think most would agree with that.
I am just telling you the reason he left his neighborhood of over 30 years. It was not Issaquah but a modest neighborhood in Seattle that apparently is attracting a lot of foreign investment. I would have to look up his old address to give you where it is. Been a while since I wrote him an actual Xmas card. Jay
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Old 07-28-2018, 12:05 PM
 
5,989 posts, read 6,725,737 times
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Don't do it! Housing is skyrocketing in the Seattle area - it's already getting to be almost like the San Francisco Bay area. Terrible traffic. Very very expensive housing. If you are renting, expect to get priced out of the market soon, even if you can afford it this year.

I agree with stay put, and fly out to visit a few times a year.
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Old 07-28-2018, 12:26 PM
 
21,549 posts, read 30,966,661 times
Reputation: 9658
Quote:
Originally Posted by parentologist View Post
Don't do it! Housing is skyrocketing in the Seattle area - it's already getting to be almost like the San Francisco Bay area. Terrible traffic. Very very expensive housing. If you are renting, expect to get priced out of the market soon, even if you can afford it this year.

I agree with stay put, and fly out to visit a few times a year.
Yep - Seattle went from being relatively affordable in the 90s to about as expensive as NYC and SF. My sister’s fiancée moved to Seattle for 5-6 months and went right back to Los Angeles because he said rents in LA were half the price of Seattle.
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Old 07-28-2018, 01:24 PM
 
Location: Northeast states
13,987 posts, read 13,765,378 times
Reputation: 5133
Quote:
Originally Posted by kidyankee764 View Post
Yep - Seattle went from being relatively affordable in the 90s to about as expensive as NYC and SF. My sister’s fiancée moved to Seattle for 5-6 months and went right back to Los Angeles because he said rents in LA were half the price of Seattle.
I give less than 10 years Seattle is mini world class city
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