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Old 03-15-2009, 12:46 AM
 
3 posts, read 23,187 times
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Default Areas in nassau county with "lower" property tax

I am looking to buy a new home in Nassau County. I would like to know what towns/cities have the lowest property tax. I am not having kids anytime soon so I am not concerned about school districts. I am probably looking for a home that ranges from 400 to 600k. thanks
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Old 03-15-2009, 02:04 AM
 
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I know someone who sold her home in Baldwin a few years ago where she was paying $8000 in taxes.
Her children are grown and gone, that's why she sold her house in Baldwin.

She just bought a a small 3-bedroom in Freeport (move-in-condition for low 200's with $350,000 market value). It's not bad across the street from the elementary school and administration building. She pays $6,000 in taxes.

If you spend $600,000 in this market, you can move into a higher property value area but, of course, you'll pay higher taxes. Or you may want to save your money in this dreadful market, as she did, by investing in a decent foreclosure. There's nothing wrong in the home at all, it's on a clean block and she has a $1,600 mortgage, with a roomate who pays $800 of that.

Steal of a deal for now.
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Old 03-15-2009, 08:20 AM
 
Location: Huntington, NY
7,459 posts, read 9,625,256 times
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Property taxes on Long Island consist of many components, but the largest one is for school taxes. The school district has a tremendous impact on your property taxes and the perceived "best" is not necessarily the most expensive; please don't let a perceived "not so good" school district lull you into thinking that taxes will be lower when comparing an "apples to apples" house.
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Old 03-15-2009, 08:43 AM
 
329 posts, read 508,252 times
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Default No where

Quick Answer - No where. Its pretty easy to find out, look at the map of Nassau county, pick some areas you would consider living in, go to MLSLI.com and search those areas in your price range and a little below it. The taxes are listed. They will most likely be 8000-15000. You can find a low of probably around 4,000 but these are generally considered more depressed areas with more crime and low income housing.

Here's a quick way to see
http://www.longislandbubble.com/images/subprime.jpg

In general, the more subprime mortgage holders, the more 'depressed' the area may be, the lower the property values and the less the property taxes. This doesn't hold true across the board but has some validity. One exception I have seen is just over the border in Melville. There are some reasonable homes in the excellent HHH school district with taxes of only around 4-6000. I think this might be due to the large amount of industry in melville that picks up a large chunck of the tax.
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Old 03-15-2009, 08:52 AM
 
Location: Huntington, NY
7,459 posts, read 9,625,256 times
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Quote:
Originally Posted by djdairyp View Post

In general, the more subprime mortgage holders, the more 'depressed' the area may be, the lower the property values and the less the property taxes. This doesn't hold true across the board but has some validity. One exception I have seen is just over the border in Melville. There are some reasonable homes in the excellent HHH school district with taxes of only around 4-6000. I think this might be due to the large amount of industry in melville that picks up a large chunck of the tax.
Many areas/homes in E. Northport still have lower taxes (Northport-E.Npt SD)
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Old 03-15-2009, 08:52 AM
 
9,343 posts, read 15,610,488 times
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Default Understanding the geography of "Lawn Guyland"

cheeto0, in case you are unfamiliar with the local geography:

What people refer to colloquially as "towns" are actually villages and hamlets, which are within actual towns; and, because villages and hamlets are referred to as "towns", then, many times, the error is compounded when actual towns are referred to as "townships".

Also, many colloquially refer to a "downtown business district" in a hamlet as a "village".

There are 2 cities (Glen Cove and Long Beach) and 3 towns (North Hempstead, Hempstead and Oyster Bay), and the 3 towns are further sub-divided into 64 villages (municipal corporations) and 70 hamlets (unincorporated areas), yielding 136 communities (2 + 64 + 70 = 136) in Nassau County.


NYS Geographic Glossary and Excellent Long Island Geographic Resource may be of some help to you in understanding the geography of "Lawn Guyland".

On LI, You Ain't Where You Think You Are may help you understand the great geographic confusions caused by non-conforming ZIP Code postal zones.
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Old 03-15-2009, 10:17 AM
 
335 posts, read 499,596 times
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Quote:
Originally Posted by Elke Mariotti View Post
Property taxes on Long Island consist of many components, but the largest one is for school taxes. The school district has a tremendous impact on your property taxes and the perceived "best" is not necessarily the most expensive; please don't let a perceived "not so good" school district lull you into thinking that taxes will be lower when comparing an "apples to apples" house.
ABSOLUTELY CORRECT! Its the school taxes, not necessarily the property taxes that are a joke.

Great Neck, Glen Head/Glen Cove (North Shore), Oyster Bay, Port Wash, and Manhasset all have lower school taxes than Roslyn, Flower Hill, Syosset and Jericho for example. Roslyn and Flower Hill are - - IMHO -- the absolute worst with school taxes adding an additional $1,000+ a MONTH on to your monthly tax situation - - and Roslyn was a corrupt school district to boot!
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Old 03-15-2009, 10:44 AM
 
1,003 posts, read 2,303,685 times
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Quote:
Originally Posted by djdairyp View Post
Quick Answer - No where. Its pretty easy to find out, look at the map of Nassau county, pick some areas you would consider living in, go to MLSLI.com and search those areas in your price range and a little below it. The taxes are listed. They will most likely be 8000-15000. You can find a low of probably around 4,000 but these are generally considered more depressed areas with more crime and low income housing.
As a rate per dollar of value, the poorest districts often have very high rates of tax. The total tax is low only because the house value is so low. But you pay, on a $250K house in Roosevelt (worst schools on LI and a very bad tax base), only a little less than a much more expensive house in a much better school district.

Some of the worst taxes are found in working and middle class areas with little industrial or commercial property.

You may also find fluke low taxes when you find a house that is much lower in value relative to the rest of the district.
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Old 03-15-2009, 11:41 AM
 
Location: Long Island (chief in S Farmingdale)
13,634 posts, read 6,909,913 times
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Go to the Mynassauproperty.com website, on there they have a list of all the school tax rates in the county. As has been said the school taxes make up the largest bulk of your property taxes (roughly 2/3) so you can go on the site and look for the districts with the lower property tax rates.
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Old 03-15-2009, 02:21 PM
 
Location: Wellsville, Glurt County
2,846 posts, read 5,868,306 times
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Older homes, especially pre-WWII, always have significantly lower taxes. If you've got an entire neighborhood full of homes that old, it'll be even cheaper.
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