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Old 06-08-2009, 05:31 PM
 
Location: Nassau, Long Island, NY
16,408 posts, read 33,309,179 times
Reputation: 7340

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I figured it out! Live in an area that doesn't have much of a school district ... like an area that has mostly summer people. For example:

In Bridgehampton, here's a $4,950,000 waterfront home (MLS#2141317) on 1.35 acres, built in 2005, with 6 bedrooms and 6 bathrooms. For this newer construction, over 5,800 square feet home the property taxes are only $10,238.

Why are the taxes so inexpensive considering the newness of the house, the property size, and the cost of the house? It's got to be the lack of a large school district.

Now compare a newer "normal" home that is in a typical school district:

Here's one in Dix Hills (MLS #2186379):

Cost: $599,000
Size: 5 BR/4 BA
Date built: 2001
Property: 1/3 acre
Taxes: $12,097

Here's one in Massapequa (MLS #2176158):

Cost: $739,900
Size: 7 BR/4 BA
Date built: 2005
Property: 70 X 164
Taxes: $16,905
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Old 06-08-2009, 05:47 PM
 
Location: Pennsylvania, USA
5,224 posts, read 5,013,113 times
Reputation: 908
Quote:
Originally Posted by I_Love_LI_but View Post
I figured it out! Live in an area that doesn't have much of a school district ... like an area that has mostly summer people. For example:

In Bridgehampton, here's a $4,950,000 waterfront home (MLS#2141317) on 1.35 acres, built in 2005, with 6 bedrooms and 6 bathrooms. For this newer construction, over 5,800 square feet home the property taxes are only $10,238.

Why are the taxes so inexpensive considering the newness of the house, the property size, and the cost of the house? It's got to be the lack of a large school district.

Now compare a newer "normal" home that is in a typical school district:

Here's one in Dix Hills (MLS #2186379):

Cost: $599,000
Size: 5 BR/4 BA
Date built: 2001
Property: 1/3 acre
Taxes: $12,097

Here's one in Massapequa (MLS #2176158):

Cost: $739,900
Size: 7 BR/4 BA
Date built: 2005
Property: 70 X 164
Taxes: $16,905

That inequality exists elsewhere too. If you compare some of the property taxes of the North Shore neighborhoods that are primarily large properties with mansion on it to what the "little guy" pays it's ass backwards too..LOL.
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Old 06-08-2009, 05:53 PM
 
Location: Nassau, Long Island, NY
16,408 posts, read 33,309,179 times
Reputation: 7340
Quote:
Originally Posted by TristansMommy View Post
That inequality exists elsewhere too. If you compare some of the property taxes of the North Shore neighborhoods that are primarily large properties with mansion on it to what the "little guy" pays it's ass backwards too..LOL.
I did a thread awhile back about that, comparing the property taxes for an estate on multiple acres in the Glen Cove SD to that of the cheapest home listed on MLS (at the time) on a little sliver of a lot in the Glen Cove SD:

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

Of course some people argued with me that there was absolutely NOTHING wrong with the owners of the multimillion dollar estate paying a lower property tax rate than the owners of a working class home! (They must be planning to win a big lottery jackpot and dream of the day they are in a mansion and have to pay property taxes on it.)
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Old 06-08-2009, 06:07 PM
 
330 posts, read 888,257 times
Reputation: 85
Quote:
Originally Posted by I_Love_LI_but View Post
I figured it out! Live in an area that doesn't have much of a school district ... like an area that has mostly summer people. For example:

In Bridgehampton, here's a $4,950,000 waterfront home (MLS#2141317) on 1.35 acres, built in 2005, with 6 bedrooms and 6 bathrooms. For this newer construction, over 5,800 square feet home the property taxes are only $10,238.

Why are the taxes so inexpensive considering the newness of the house, the property size, and the cost of the house? It's got to be the lack of a large school district.

Now compare a newer "normal" home that is in a typical school district:

Here's one in Dix Hills (MLS #2186379):

Cost: $599,000
Size: 5 BR/4 BA
Date built: 2001
Property: 1/3 acre
Taxes: $12,097

Here's one in Massapequa (MLS #2176158):

Cost: $739,900
Size: 7 BR/4 BA
Date built: 2005
Property: 70 X 164
Taxes: $16,905
"Bridgehampton property tax spending, $80,274 per student."

though tax spending actually tends to be more in lower income areas unless there is a lot of business to pay a large portion of it.

http://www.longislandindex.org/filea...and_by_FPI.pdf
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Old 06-08-2009, 07:11 PM
 
Location: under the beautiful Carolina blue
22,669 posts, read 36,804,509 times
Reputation: 19886
I have a relative with a house in B'hamton. Her house is tiny, but it's on a large plot, but her taxes are obscenely low. BUt she doesn't get garbage pickup or mail delivery out there. So as much as I've been known to complain about school taxes, they aren't the ONLY taxes we pay.
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Old 06-08-2009, 07:15 PM
 
7,658 posts, read 19,175,232 times
Reputation: 1328
Quote:
Originally Posted by twingles View Post
I have a relative with a house in B'hamton. Her house is tiny, but it's on a large plot, but her taxes are obscenely low. BUt she doesn't get garbage pickup or mail delivery out there. So as much as I've been known to complain about school taxes, they aren't the ONLY taxes we pay.

Only the Little People Pay Taxes - The Wealth Report - WSJ
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Old 06-08-2009, 07:42 PM
 
Location: Pennsylvania, USA
5,224 posts, read 5,013,113 times
Reputation: 908
Quote:
Originally Posted by twingles View Post
I have a relative with a house in B'hamton. Her house is tiny, but it's on a large plot, but her taxes are obscenely low. BUt she doesn't get garbage pickup or mail delivery out there. So as much as I've been known to complain about school taxes, they aren't the ONLY taxes we pay.
Property taxes do not have anything to do with mail delivery. That's rural. My mom's entire town doesn't have mail delivery (in Montana). They all get PO boxes and go to the post office to pick up mail.

Garbage thing.. here in PA they don't have garbage pick up either. You can either take it to the garbage location yourself, burn your garbage (legal here) or pay a company to take your garbage (and recycling). It's cheap. 3 months is like $70 (it's around there.. can't remember the exact). They come once a week for the garbage and every other monday for my recycling. Works out well....Even if garbage WERE part of the "taxes" and a service offered by the town/ county. .. it would still be relatively cheap.

But.. if you add all those little "things" .. perks and what not to the list.. they all add up. (most of us have well water out here too.. only within a certain area within the center of town is on public water.. ) etc.
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Old 06-09-2009, 09:14 AM
Status: "UB Tubbie" (set 25 days ago)
 
20,050 posts, read 20,861,844 times
Reputation: 16741
The whole tax thing makes no sense. At all. I tried to figure it out.
I think they just pull numbers out of their asses at random.

I'm paying $8500. 60x100 lot, Nassau. Average size cape with a garage.
I went on the Nassau property Assesment site and checked the taxes on every house on my block. The numbers don't jive.
There are homes with slightly bigger lots, or much bigger homes on the same size lot etc, that are paying the same, or just a tad bit higher, worst yet, less than me.
Actually, there is a dormered cape for sale on my block with a gargage and a slightly larger lot with wood decks and some other taxable crap that has lower taxes than me. Why?

The formula just doesn't make sense.
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Old 06-09-2009, 09:20 AM
 
1,386 posts, read 5,347,184 times
Reputation: 902
Now I'm not sure where you're going with this thread. property taxes aren't income taxes. Do you want the Bridgehamption school district to take in a poorer district?

the large portion of the property tax bill is the school taxes. if the cost of the SD is $8K per large house..... thats what it is. Its not that much more expensive to educate rich kids.

Why are taxes more expensive in wantagh than bellmore? levittown than wantagh? pretty much the same houses tax bill could vary 30% depending on what town its in and it has nothing to do with assessed value. Mostly it has to do with how much a "burden" that particular school district is.
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Old 06-09-2009, 09:27 AM
 
964 posts, read 2,463,132 times
Reputation: 390
Taxes in ROOSEVELT on a $69,000 home are over $6,000 a year. (Check out MLSLI).

Yes, that's Roosevelt where you wouldn't even send your kids to school there if they paid you. It's ridiculous but that's what happens when you have such a fragmented school system like we do here in the NY metro area.
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