How is New Albany area? (Louisville, Bardstown: relocating, property taxes, luxury)

[Money_Is_Everything]

Hey all,
I am going to be relocating to Louisville within upcoming months. Since my job is close to New Albany area, I was wondering how it that area as far as house goes? Also, how are the property taxes affected if I buy house in Louisville Ky compare to New Albany In? Plus, which area is better? Clarksville, New Albany, Jerffersonville?

Thanks a lot for input.

[tomocox]

Unless you are living in Indiana currently, you can not understand the horrible crisis going on with property taxes. I don't live in Indiana, but I get enough pieces to know that unless you enjoy uncertainty, Indiana isn't the choice place to move to right now.

As far as S. Indiana location, I would have to look at Harrison, Washington, or Scott Counties for residentcy. Depending on where your employment is in New Albany don't rule out Bullitt, Shelby, or Oldham Counties in KY.

[Money_Is_Everything]

Originally Posted by tomocox

Unless you are living in Indiana currently, you can not understand the horrible crisis going on with property taxes. I don't live in Indiana, but I get enough pieces to know that unless you enjoy uncertainty, Indiana isn't the choice place to move to right now.

can you please provide me with some more details?

Let's say I rule out Southren IN, then which options I have available in Louisville which are close to New Albany area? Please keep in mind, I want nice neighbourhood, I don't mind spending little extra but I want my house in the nice neighbourhood where property value is going to increase down the road.

[tomocox]

Indiana changed taxing methods recently. Many people have received huge annual tax increases. I can't speak more specifically as it seems that each property has been affected differently.

[stx12499]

Originally Posted by Money_Is_Everything

can you please provide me with some more details?

Let's say I rule out Southren IN, then which options I have available in Louisville which are close to New Albany area? Please keep in mind, I want nice neighbourhood, I don't mind spending little extra but I want my house in the nice neighbourhood where property value is going to increase down the road.

New Albany is not a bad area. I really don't know anything about what Tom is talking about, but without specific information regarding the taxes (I can not vouch for or against what Tom claims, but you could easily look it up), I would not let that deter you from that area. The problem is, if you need a close commute to New Albany, there are no real good options on the KY side outside Downtown and its immediate environs like Old Louisville. The east and south sides of Louisville would force you into a massive commute to New Albany, having to fight the poorly plan Spaghetti Junction downtown at rush hour. From Louisville's east and northeast suburbs, a 30-45 minute commute would not be uncommon...but why deal with that in a city like Louisville? People come here for big city amenities without those kinds of commutes.

If you like the Indiana side, I would strongly consider Floyds Knobs, specifically the area around S. Skyline Drive. I call it the "beverly hills" of Indiana, and its mighty cheap for a 4 bedroom luxury home overlooking the city (say, 500k). It has a country feel yet is only 15 minutes from downtown and offers big, new homes. New Albany is an old city, and it has some wonderful historic neighborhoods that unfortunately lack the urban vitality of their counterparts in Louisville. Still, I salivate at some of the prices on the Victorian beauties here:

:: Historic New Albany ::

On the Louisville side, consider Downtown, Old Louisville, Clifton, Crescent Hill, Irish Hill, and Cherokee Triangle. Out of all of those, Cherokee Triangle is the most family friendly and the most upscale, located in the in the lower Highlands area. Any further down in the Highlands, and you will have to fight Bardstown Road traffic, but the Upper Highlands, specifically Tyler Park and Bonnycastle as well as Highlands-Douglass are super upscale historic areas that are probably the most familiy oriented places I have mentioned. Crescent Hill and St Matthews close to the Canons Lane interchange of I-64 would also be an option, but this would be at least a 20 minute commute to most parts of New Albany in the mornings. Most of the homes in the areas I mentioned are historic rehabs, as well as a few new condo rehabs and a little bit of condo infill.

[cobolt]

Get on the Indiana forum to check this out and do the research. There is alot of talk about the property tax issues.

[Off Topic]

Originally Posted by tomocox

Unless you are living in Indiana currently, you can not understand the horrible crisis going on with property taxes.

It is an unmitigated nightmare, no question. And it's been going on for years.

If I really wanted to live in Indiana, that wouldn't stop me, but it's certainly something people should be aware of.

[stx12499]

Originally Posted by Off Topic

It is an unmitigated nightmare, no question. And it's been going on for years.

If I really wanted to live in Indiana, that wouldn't stop me, but it's certainly something people should be aware of.

Can you provide specific comparisons, please? I have not looked at buying any property in Indiana so I am unaware of tax differences.

[Windwalker]

Another perspective: Having moved to Pittsburgh and had my property taxes go up 40% after the first year (which caused absolute havoc for everyone in the city and county), I'd rather move into an area knowing this had already happened than that it was to come due to growth and the need for consequent infrastructure.

[larryreaves]

The taxes in Louisville range roughly from $1.00 to $1.25 depending on the specific area, neighborhood or subdivision you are considering.

The commute from Louisville to New Albany can be rough during rush hour due to congestion on bridges.

What it comes down to is what areas do you prefer from a more urban in Louisville if you want a short commute to New Albany or more rural atmosphere in Southern Indiana.

In Louisville, the areas to consider to have the shortest commute to New Albany would be Clifton, Crescent Hill or even loft condominiums in downtown Louisville. There has been a lot of growth in condominiums in the Downtown area. Lots of development from sky scrapers to the new basketball arena and increased public areas along the river.