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Two years ago, I would've said the same thing. Today, most people I know have the desire to leave CT at some point in the not so distant future.
Same. Although it's still a minority of my friends, they never spoke of relocating until recently and it's been driven by the job market and the state's financial issues.
We (the residents) need to embrace the fact that things can get pretty dire quickly if we don't change things soon.
...However the reality is that CT not headed towards an imminent collapse.
Even if you were right, people plan for retirement in a long-term fashion. 20, 30, maybe even more years. Life Expectancy is moving towards 90 yrs. If you retire at 60, 65, or even 70 yrs old -- you should figure you still l have a good 20 years to go.
So even if the collapse is not imminent (although some people in this board will disagree with that), still 20-30 years is not a short time, and you need to think long-term financial viability for the state, especially if you are on a fixed income, with not a lot of cash set aside.
Funny, I have not heard anyone seriously thinking of leaving. Must be different crowds we hang out with. Jay
Me either. The only people I hear talking about leaving CT are people who are retiring.
The last company I worked for actually had a good amount of out of state relocations into CT.
The states people were relocating from in order were NJ - NY - PA
Most of these new residents were setting in Avon + West Hartford. Number one reason they relocated was schools followed by taxes.
Same. Although it's still a minority of my friends, they never spoke of relocating until recently and it's been driven by the job market and the state's financial issues.
We (the residents) need to embrace the fact that things can get pretty dire quickly if we don't change things soon.
Right. And the several posters on this forum blatantly ignoring and making excuses for this problem does not help. It's quite frustrating, actually.
Uh... as bad as Connecticut may be Westchester is even worse. Most of New York is. As I am sure you have seen, New York has layer upon layer of dysfunctional government so their taxes make Connecticut's look like a positive bargain. I would assume that is why you are considering moving here. You should note that even if the local property taxes are raised to help pay for the teacher pensions, it is unlikely that increase is going to bring the taxes anywhere near what Westchester taxes are. It may be more like a couple of hundred bucks a year more depending on the property. Keep in mind that Connecticut does not have a county level of government. We also do not have layers of local governments (towns, hamlets, villages, school districts, etc.). That helps keep the taxes down in comparison. So if you are used to New York level of taxes, even with an increase, Connecticut will most likely be significantly less. And that Connecticut couple I am sure realized that when they actually looked closer at the taxes in Westchester. Jay
I looked at a new single family townhouse at the Rivington in Danbury, it's going for $360,000, property taxes are between $7,000 and $9,000, depending on what's in it. Additionally, in CT. I would have to pay tax on my cars. I live in a two family brick home with 6 bedrooms and finished basement in southern Westchester County, house has been appraised at $650,000, and taxes are $10,500, no personal property tax and one of the floors can be rented. I have the better deal in NY, IMO.
I suspect the only tax issue of note that is motivating some of the wealthy to leave the state is the estate tax, which occurs at a lowly $2 million and above. All of the other issues raised in this discussion are more, or less, noise for most wealthy folks...
Two years ago, I would've said the same thing. Today, most people I know have the desire to leave CT at some point in the not so distant future.
I thought the same way. I'm not that happy here anymore to be honest. My wife is in the same boat. Our kids have moved on. My son lives in West Hartford and works in Hartford. He's only staying because he's raising children ATM and my daughter teaches in Texas. Work is the only thing keeping us here and if we relocate then it's time to kiss CT goodbye. We will definitely be back for some holidays if we end up leaving.
I'm pretty sure I've said this before but with the 50 coworkers that I deal with on a daily basis, 95% of them want to leave. A few years ago we had more employees but they relocated to other corporate hubs in Texas and Virginia. Hopefully I'm next in line.
I looked at a new single family townhouse at the Rivington in Danbury, it's going for $360,000, property taxes are between $7,000 and $9,000, depending on what's in it. Additionally, in CT. I would have to pay tax on my cars. I live in a two family brick home with 6 bedrooms and finished basement in southern Westchester County, house has been appraised at $650,000, and taxes are $10,500, no personal property tax and one of the floors can be rented. I have the better deal in NY, IMO.
Then why are you asking this to begin with? IF you already own property and apparently have no intention of moving, you questions and comments seem very suspect to me.
Also, new construction always has higher taxes. It would be more comparable to look at older townhomes where the taxes would be under $7,000. Add in a car for a couple of hundred and you are lower than what you pay in Westchester. Of course we are not comparing apples to apples so it is hard to judge but you are the one making comparisons, not me. Jay
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