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Not to be snarky but... it's on Long Island, not "in". Unless one is 6 ft under and residing inside a casket.
The current property taxes are given in the For Sale listings on MLSLI.com so you can see what they currently are for any given house. Listings on MLSLI.com are searchable by specific community name or school district.
Pay no attention to the property taxes shown on Zillow. They are not always accurate (understatement of the year.)
Condo listings on MLSLI.com will typically display the taxes and common charges. Those are also searchable by community name or school district. You can search for both in a given community and compare houses/units and taxes for both if you are interested in a particular area.
As a general rule, property taxes on any house will be way more than the property taxes on any condo. Condos may have additional charges that are not property taxes per se.
As another general rule, any single family home's property taxes that are under $10,000/year are typically described as having "low taxes" in listings.
Thanks, gx89, I forgot that Nassau also has their own site.
MLSLI.com covers both counties so if the OP isn't sure exactly where they'd want to live, at least all the towns/districts in both counties are on one site for them to browse in.
For the individual town websites you need to input either a specific address or (for Smithtown anyway) a street name to see the current taxes. I interpreted the OP's question in a very general way ("taxes on houses versus taxes on condos") rather than wanting to compare specific house listings with specific condo listings but maybe I'm wrong?
I’d say the best thing for OP to do is to look at desirable towns, and then look at home and condo options on a site like Zillow. Taxes are usually up to date.
That's true. Were HOA/Condo fees ever deductible back in the Good Old Days before the tax "reform" debacle? I would assume probably not, because those are privately levied rather than being from a governmental entity.
So even if the totals (SFH property taxes versus Condo property taxes + fees) were to come out the same amount, when it comes to tax-time deductibility the owner would likely fare better with the SFH taxes.
Are those "common charges" cited in condo listings per month, or per year? Just curious. For example there's a 2 br condo in Middle Island that says Common Charges $320 in addition to Taxes of $3243. So if that's $320/month the yearly total would be $3848 in Common Charges + $3243 taxes = $7083 yearly expense, of which less than half would be deductible come tax time.
That's true. Were HOA/Condo fees ever deductible back in the Good Old Days before the tax "reform" debacle? I would assume probably not, because those are privately levied rather than being from a governmental entity.
So even if the totals (SFH property taxes versus Condo property taxes + fees) were to come out the same amount, when it comes to tax-time deductibility the owner would likely fare better with the SFH taxes.
Are those "common charges" cited in condo listings per month, or per year? Just curious. For example there's a 2 br condo in Middle Island that says Common Charges $320 in addition to Taxes of $3243. So if that's $320/month the yearly total would be $3848 in Common Charges + $3243 taxes = $7083 yearly expense, of which less than half would be deductible come tax time.
And the common charges listed are monthly. RE taxes plus common charges are often higher than the RE taxes in a SFH. Of course you don't have to take care of the grounds and at times, depending on the complex, the outside.
In a co-op, taxes are included in the listed "maintenance" and that portion is tax deductible.
Thanks, Elke! I had a feeling condo fees weren't deductible. And with a co-op (which is a rental), only the part of the maintenance fee that covers one's portion of the overall property's tax is deductible?
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