Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
No SWR lost its Lilco Funding from the Powerplant ten years ago, continued to spend like a drunken sailor and failed to save for a rainy day.Couple that with the community voting down any retail development that comes their way and a huge Senior voting block in Leisure Village and its a recipe for complete failure.
(Two Supts resigning in 10 years is rarely a good sign.)
As for this poor guy.He'll be lucky to get 300k with taxes like that.People are giving homes away because of the taxes but very few are taking the bait.
I dont want this to be just about SWR. Are there any similar stories in Nassau where folks are bailing due to SD burdens?
Im hearing that the Fed may start witholding funding if some of these microdistricts dont consolidate.
Whats going on with Elwood?
Crooks
The problem with the taxes is not only where they are now, but how much they will go up in the future. Where we live, we had taxes raised by 9% during one of the worst recessions in history. That was a break from the average of 10%+ we saw in the mid 2000s.
I dunno, maybe I'm out of touch but this seems ridiculous even with an oversized plot. We know the schools are in trouble but this is straight up criminal.
Are you seeing any other gross tax abuses out there? South Shore? Nassau? (Please dont post from MLSLI links dont work on C-D).
What really burns my ass is Im sure theres some guy in a nearby "historic" sprawling farmhouse paying far less. (Dont even get me started about the Hamptons free ride on the back of LI.)
We really have to reevaluate how were paying/not paying for our Schools/Services.Im not surprised these guys are selling for this little.Thats ugly.
Crooks
14K a year in taxes for this? that is crap.....something is seriously wrong with the system in place.....no way in hell that place is worth 14K a yr in taxes...what am i getting in wading river for that?
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
I think you have the basic issue correct - you're asking who will buy this house with those taxes....homeowners should be worried about not just paying their taxes, but getting rid of their house when the day comes that they want to.
My sister sold her house over the summer (taxes: $23K) not because she was ready to move, but because she feared that she would never be able to sell it in another 5 years when her youngest is out of college (at which time the taxes will probably be closer to $30K).
Why do you think people have been and are still leaving Long Island in droves? Just had relatives move to NC who were paying 10K a year for a high ranch that was on a service road for the Seaford-Oyster Bay Expressway. They had to have special windows installed to block out the noise.
They were luck they were able to sell it(unload it).
the problem with the taxes is not only where they are now, but how much they will go up in the future. Where we live, we had taxes raised by 9% during one of the worst recessions in history. That was a break from the average of 10%+ we saw in the mid 2000s.
I think you have the basic issue correct - you're asking who will buy this house with those taxes....homeowners should be worried about not just paying their taxes, but getting rid of their house when the day comes that they want to.
My sister sold her house over the summer (taxes: $23K) not because she was ready to move, but because she feared that she would never be able to sell it in another 5 years when her youngest is out of college (at which time the taxes will probably be closer to $30K).
They mustve had a Hi Ranch with a pool.Or a real fancy Splanch.
LOL, no just GC. Rich section. Still, you're talking $2000 a month in taxes, and no end in sight. The rich don't stay rich by giving their money away.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
