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Abby Schmitters said LI housing will crash. So no worries, we will all see a massive tax decrease.
It will or it wont. There is no magic ball.
Depending on the outcome of the Nassau reassessment there could be some problems.
Taxes aint gonna go down, that's for certain. Especially in a strong market.
Back in 99 or 00, whenever Suozzi implemented the last great property tax reform, I was nearly crippled financially.
My taxes TRIPLED. Was not prepared for that. I purchased my home based upon what my salary could afford.
My salary couldn't afford triple taxes and what ended up being my monthly mortgage payment doubling.
So, grabbing the popcorn. See how this works out.
My taxes TRIPLED. Was not prepared for that. I purchased my home based upon what my salary could afford.
My salary couldn't afford triple taxes and what ended up being my monthly mortgage payment doubling.
And thats when hotkarl was born...
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Abby Schmitters said LI housing will crash. So no worries, we will all see a massive tax decrease.
Quote:
Originally Posted by hotkarl
It will or it wont. There is no magic ball.
Depending on the outcome of the Nassau reassessment there could be some problems.
Taxes aint gonna go down, that's for certain. Especially in a strong market.
Back in 99 or 00, whenever Suozzi implemented the last great property tax reform, I was nearly crippled financially.
My taxes TRIPLED. Was not prepared for that. I purchased my home based upon what my salary could afford.
My salary couldn't afford triple taxes and what ended up being my monthly mortgage payment doubling.
So, grabbing the popcorn. See how this works out.
Wow... maybe I'll wait a year to buy a house until this whole thing is done
So should I even bother grieving my taxes this year. The deadline is April 2nd and I was going to use one of the companies (i.e Maidenbaum) to do it.
Just because they say 2019 doesn’t guarantee it’ll happen...
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