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10-19-2009, 08:18 PM
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Senior Member
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Join Date: Feb 2008
Location: Alaska
258 posts, read 148,280 times
Reputation: 89
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Burlington property values
Real estate sales prices seem high in Burlington especially when compared to the values on the property assesor site. For example - a house for sale at $495,000 has an assessed value of $363,000.
The assessed value may be from 2005 - but this is still quite a difference espescially in this economy. Is Burlington immune from what is happening? What is happening with real estate value there?
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10-20-2009, 10:25 AM
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Senior Member
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Join Date: Jul 2007
Location: Colchester, Vt
617 posts, read 436,373 times
Reputation: 155
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Part of it has to do with when the assessment was done and the other part has to do with the low number of homes in the area that have been foreclosed on compared to the rest of the nation. The value of the home may also be lower than what it could have gotten two years ago when the market was at its peak.
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10-20-2009, 10:29 AM
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Senior Member
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Join Date: Dec 2007
Location: middle Tennessee
193 posts, read 149,190 times
Reputation: 56
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It's not just Burlington where values are high....it's all over the state. And taxes are OUTRAGEOUS for what you actually get out of them. And before the nay sayers lambaste me, really look as to what you get for your taxes in your towns...bad roads, schools asking for more and more money, businesses leaving/closing......something just isn't right..
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10-20-2009, 12:33 PM
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Senior Member
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Join Date: Dec 2007
Location: Rutland, VT
938 posts, read 665,710 times
Reputation: 225
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Quote:
Originally Posted by GrnMtnFire
It's not just Burlington where values are high....it's all over the state. And taxes are OUTRAGEOUS for what you actually get out of them. And before the nay sayers lambaste me, really look as to what you get for your taxes in your towns...bad roads, schools asking for more and more money, businesses leaving/closing......something just isn't right..
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In S. Florida, my parents' (high) taxes get them pristine roads, twice-weekly trash removal, and much more. However, you couldn't pay me a million dollars to live there. (I grew up there so it's not a knee-jerk reaction.)
I pay high taxes in Rutland. I love what I get for them: A place to live where I feel happy, comfortable, and safe; gorgeous views and natural surroundings within 5 minutes drive; everything I need and want; and public employees (fire, police, etc.) who have always been there when I needed them.
Would I like to pay less taxes? Sure. Would I trade living in Vermont for a different place with lower taxes? As my dad used to say (and probably still does), "The answer is not no -- it's hell no."
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