Where the rich live... (Glen Cove, Nassau: 2009, how much, houses)

[Mjeacoma]

Maybe if they are so rich we should have them pay more taxes....

Where the Rich [Still] Live

[Chrisk327]

fail to see your point.

[Mjeacoma]

There is a town were they inforce no parking on the streets and average income of $328K - their taxes are no higher than anywhere else on LI, or rather our's are no lower as they should be charged a premium based on higher salary and town inforcement. Without these incomes factored into the 'average' LI income I wonder what the average would be.

[S.I.B.]

Originally Posted by Mjeacoma

There is a town were they inforce no parking on the streets and average income of $328K - their taxes are no higher than anywhere else on LI, or rather our's are no lower as they should be charged a premium based on higher salary and town inforcement.

sounds as if you've done a thorough analysis of their village taxes and how they compare to every other village, hamlet, city on LI. that must have taken a lot of time and effort! Kudos to you for doing the necessary research before posting your thought on this matter.

lol...

Without these incomes factored into the 'average' LI income I wonder what the average would be.

how about we remove those below the poverty line from the equation as well? Or would that not give you the "average" you're looking for?

[ClarkStreetKid]

Depends, but I think you're looking for the modal score, which means the number that appears most frequently. Look up mode, median and mean to figure which average you want.

[Chrisk327]

hitting on SIBs point, those village police are paid for by the village taxes which surprise, are collected from the woodbury village residents, which make on average 328K a year.

I'm willing to bet any of their tax bills doubles yours. Most of yours, and theirs goes to the school system, which would benefit them..... if you double their school taxes maybe they redo the high school?

Are you proposing an income tax for Nassau county? sounds like a better proposition than this stupid porperty tax system.

[I_Love_LI_but]

Originally Posted by Chrisk327

I'm willing to bet any of their tax bills doubles yours.

Their tax rate is probably less. I am not kidding. This reminds me of another thread where we kick around ideas about property tax rates being lower for the wealthy:

http://www.city-data.com/forum/long-...omes-have.html

Originally Posted by Chrisk327

Are you proposing an income tax for Nassau county? sounds like a better proposition than this stupid porperty tax system.

What I am afraid of with that is Nassau County will create an income tax and then justify it by saying they will "lower" property taxes, but not get rid of them altogether. They will "lower" them temporarily to sooth the natives and then in a few years property taxes will get close to what they are now PLUS we will be saddled with an income tax too.

Look at how LILCO was thrashed for being a "for profit" company and their for profit status was supposedly the reason for LI having the highest electricity rates in the entire country. So what happened? A new, "non-profit" electric utility was created, LIPA. Have our electricity rates dropped drastically? Heck no. The only thing I remember from LIPA was getting a check for $50 when they first started the company as some sort of "rebate." Other than that, they are just as bad rate-wise as LILCO ever was. Allowing an income tax for Nassau County without complete abolishment or severe curtailment of the property tax system could easily end up making us worse off.

[Chrisk327]

yes the tax rate is less, think about it. putting round numbers out there. If School district A has a budget of 50,000,000 and School District B has a budget of 50,000,000.

There are 5000 homes in distrct A, there are 2500 homes in district B.

District A houses cost 400,000, Distrct B homes cost 3,000,000.

property taxes for schools for houses in distrct A are going to be 10,000 or 2.5%
property taxes for schools for houses in distrct B are going to be 20,000 or .6% a much lower rate.

how much higher do you want them? if you make them 2.5% their bill would be $75K, and their schools would get 187M (all hypothetical). My point is, most of your taxes relate to schools that you support, it doesn't cost that much more to send a rich kid to school.

[Johninwestbury]

Once took a walk through Brookville at dusk and the cops questioned me.
It also happened again once in the daytime. I guess people aren't even allowed to take walks there either.
Also the N20 bus is not allowed to stop anywhere along Route 107 or 25A in Brookville, only at the colleges. Once in awhile you'll see one of their slaves running to try and catch the bus. SNOBS.

[I_Love_LI_but]

Originally Posted by Chrisk327

yes the tax rate is less, think about it. putting round numbers out there. If School district A has a budget of 50,000,000 and School District B has a budget of 50,000,000.

There are 5000 homes in distrct A, there are 2500 homes in district B.

District A houses cost 400,000, Distrct B homes cost 3,000,000.

property taxes for schools for houses in distrct A are going to be 10,000 or 2.5%
property taxes for schools for houses in distrct B are going to be 20,000 or .6% a much lower rate.

how much higher do you want them? if you make them 2.5% their bill would be $75K, and their schools would get 187M (all hypothetical). My point is, most of your taxes relate to schools that you support, it doesn't cost that much more to send a rich kid to school.

That's not the way it works as school districts are not created based on socioeconomic status and the cost of homes, nor are tax rates solely determined by a school district's budget. It is a really complicated subject because of the hodgepodge of differences in school districts. For example, Amagansett has very low taxes for multi-million dollar homes, YET it is mostly a summer home place, not year round residences, so it doesn't NEED much of a school district.

However, for the most part, I would say that properties of the wealthy, all else being equal, ARE taxed less than that of the middle class, although I know Nassau is reassessing to try and make that "more fair." I have found homes in THE SAME SCHOOL DISTRICT where the lower priced homes have a higher tax rate than the mansions. See the other thread and our discussion of Glen Cove.