Quote:
Originally Posted by nycbound2009
We are also looking at homes in Greenwich, New Canaan and Southport. On the home we are looking at in Southport the taxes are $38K! The taxes on the same home value in Greenwich are less than half that and in New Canaan 2/3 of that. Is the difference due because there is no significant commercial activity in Southport? Additional services? Better schools?
Thank you.
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From a tax standpoint, don't try to compare them by dollar "value". If you compare specific criteria, like for example, a 6yr. old 4500sq.ft. colonial on 1 acre, you'll find that the actual tax bill will be fairly linear, irregardless of what town or city the property is located in. This home might sell for $3M in Greenwich, maybe $2.75M in New Canaan, perhaps $2.25M in Fairfield, and maybe $1.25M in Trumbull. But no matter how you dice it, the tax bill for our example home will be fairly similar no matter which town it's located.