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It's also a tiny school district with a much lower (school) population.
The most recent information I could find stated 180 people per square mile! And fewer than 50% are college graduates...
The smaller the school district, the lower the property taxes is a good rule of thumb around here I guess.
I suppose the OWNERS of the (summer) homes over there are counted as residents in other places.
So the total annual property taxes are 4.11% of the sale price of the home.
A house I really liked in my search had taxes that were about 6% of the price! There was ground for grieving them immediately, but still... I figured, in about 15 years or so, I would have bought the house a second time in taxes. And then again and again...- maybe in even shorter cycle.
One would think that there should be some sane threshold - what % of the price of the property could taxes be...
Who wants to be a newly married couple and buy a home and throw away $7000 in school taxes? Hopefully I can hold my ground with the fiance and stay as a renter until I have children, if I had it my way I'd rent until my children were old enough to attend school.
I pay $1700 in rent in a complex with nice amentities, as a couple it beats being a home owner paying $11,000/yr in taxes regardless of people telling me I'm throwing money away on renting. To me I'd be throwing money away paying those rediculous taxes as well.
NY, I'm starting to agree. MANY year ago i said i said the same thing. "Why through away your money renting" i was all for owning ( I bought at the hight) Now, 1k per month +/- just in taxes! Plus maintance, sewer tax, ect...... I'm not even talking about the 10-30%++++++ decline in housing overall. Renting will soon be "The American Dream"
It's also a tiny school district with a much lower (school) population.
The most recent information I could find stated 180 people per square mile! And fewer than 50% are college graduates...
Isn't that because they just go on to work on the farm out there instead?
The smaller the school district, the lower the property taxes is a good rule of thumb around here I guess.
I suppose the OWNERS of the (summer) homes over there are counted as residents in other places.
I don't think smaller is a good word. Lower enrollment maybe... Amagansett has something like 90 kids and one school in the entire district. I'm not even sure what they do after elementary school as they don't have a high school that I'm aware of. They actually spend a small fortune per student, the 4th highest on LI > Long Island Schools - Test scores, school programs - Newsday.com
Bigger school districts usually have a broader tax base, thus lower taxes as a result; But it also depends on commercial properties and the amount of higher-end homes within the district.
I don't think smaller is a good word. Lower enrollment maybe... Amagansett has something like 90 kids and one school in the entire district. I'm not even sure what they do after elementary school as they don't have a high school that I'm aware of. They actually spend a small fortune per student, the 4th highest on LI > Long Island Schools - Test scores, school programs - Newsday.com
Bigger school districts usually have a broader tax base, thus lower taxes as a result; But it also depends on commercial properties and the amount of higher-end homes within the district.
Enrollment compared to taxable properties (amount of properties, commercial properties, high end properties), etc is probably the best way to describe it.
Amagansett for example has a ton of summer homes, but not that many year end residences, so you have far more properties that are part of the property tax base, but not part of the enrollment there than you do in most other parts of Long Island.
The larger the district, the greater the buying power, the greater likelihood for ratables =lower taxes.
Sachem vs Smithtown is an excellent representation in suffolk.
Crooks
I took a R.E. property tax reduction course many years ago when I did R.E. apprasals in the early 90's. Bottom line, your taxes are based on the number of fire dept. needed, schools needed, cops, sanitation, ect.....
15-20 years ago "out east" was the place to buy, because taxes were cheap! Population built up and they needed more schools, fire dept., cops, ect..... Those taxes are NOT so cheap anymore.
Bottom line, your taxes are based on the number of fire dept. needed, schools needed, cops, sanitation, ect....
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 ...
The larger the district, the greater the buying power, the greater likelihood for ratables =lower taxes.
Sachem vs Smithtown is an excellent representation in suffolk.
Crooks
I have to agree here.
If the smaller the district the lower the taxes was true - then how do you explain bayport-blue point taxes?
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