Any affordable areas on Long Islands North Shore?

[chalibu24]

Originally Posted by nassau2suffolk

Thats painting with a very broad brush.

Glen Cove is a large area with multi- million dollar homes down to public housing. While the schools are not the best, you could do worse.

I had the unfortunate experience of living in Glen Cove when I moved to LI from Maryland to go to Law School at Hofstra. Although I am well aware that there are mansions in a small area of Glen Cove, walking around town was absolutely impossible for me (you get harrassed all the time by the many men loitering in every corner). It was a horrific experience, I started developing symptoms of agorophobia as a result, and believe that the best choice I ever made was moving away from that area. I also visited the schools and saw roofs that were sinking in and collapsing, and a huge amount of children that were not able to speak English at all. I do not mean to discriminate against these children by any means, but it's simply common sense that such children would hold back any regular class, which they do participate in despite also being enrolled in the ESL program.

[sheena12]

I have MORE good news about homes under 500K on Nassau counties North Shore!
Out of curiosity I checked MLSLI in the North Shore School District, and found more than a few homes in the communities of Glen Head, Glenwood Landing and even Sea Cliff, within the budget of the OP. The North Shore School district is one of the best on Long Island.

Bayville, Locust Valley, and Oyster Bay are safe bets. Glen Cove is a sure thing.

Personally, if for any reason I was forced to relocate to Long Island once again, I think that I'd buy in Glen Cove. The atmosphere is less suburban, and socially, economically and ethnically diverse.
There is so much to do in Glen Cove - great North Shore Beaches, museums, movies, and a plethora of fantastic restaurants. Glen Cove gets my vote when it comes to Nassau.

I would NEVER live on the South Shore. Or the middle of Long Island.

[qlty]

There are plenty under 500 K all over Long Island just look in Newsday or any other paper it's a buyers market now and for a LONG time to come.The question is when will our tax assessments be lowered due to the lower value of our homes??

[Walter Greenspan]

Originally Posted by qlty

The question is when will our tax assessments be lowered due to the lower value of our homes??

While the assessed value of properties will decline, the property tax rate will show a proportionate, if not greater, rise, because the tax rate is the budget (less inter-governmental transfers) divided by the assessed value.

Property taxes are the sum of the property tax levied by up to 20 or so taxing districts in which the property is located. These taxing districts are the county, town, village, if in a village, school district, library district, fire district, water district, sewer district, police district, police headquarters district, park district, parking district, highway district, lighting district, etc., etc., etc.

Each of these taxing districts passes a budget, some by a vote of the residents of the taxing district and others by the governing board of the taxing district.

The budget is then divided by the sum of the assessed value within the taxing district to arrive at the property tax rate, which is then applied to each individual property within the taxing district to calculate that property's tax bill for that specific property.

Do this for all the 20 or so taxing districts that a property is located in and sum these 20 or so property tax bills to arrive at the total property tax bill for that property.

Repeat the next year to calculate the next year's property tax bill, and so on and so on ...

[Elke Mariotti]

Originally Posted by Walter Greenspan

While the assessed value of properties will decline, the property tax rate will show a proportionate, if not greater, rise, because the tax rate is the budget (less inter-governmental transfers) divided by the assessed value.

Sad but true!!