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We live in the Gulf Beach area of Milford so lots of sidewalks, people out running/walking/biking from April-November. We walk around a lot, and I bike. Also kayak. I like being able to walk downtown too. Even if I do the 5 minute drive there and then walk. It’s nice to have nearby. Also like to drive to New Haven and walk around. Fire Engine Pizza Co. will be easy to walk to. I think that’s really cool.
I wouldn’t call that walkable access “overrated” at all. It’s a personal preference thing. Even if I’m not walking there’s an “energy” to the area that I really like.
I grew up north of Danbury and while there’s some beautiful nature trails and scenery in places, the lack of walkability and access to culture was a deal breaker. I have friends that stayed and love it, but it’s not for me. I guess I’m more stereotypically millennial in that sense.
I also have seen a number of people walking/biking/jogging in non “walkable” areas. And a bicycle in CT is considered a motor vehicle, so you can’t ride them on sidewalks.
I also have seen a number of people walking/biking/jogging in non “walkable” areas. And a bicycle in CT is considered a motor vehicle, so you can’t ride them on sidewalks.
My point is that you don’t need a walkable neighborhood to do all those activities. I get the appeal to walking to a bar or restaurant on occasion. But does it really justify paying a premium for it? Not for me.
My point is that you don’t need a walkable neighborhood to do all those activities. I get the appeal to walking to a bar or restaurant on occasion. But does it really justify paying a premium for it? Not for me.
I would pay a premium for it and so do many people. It’s justified if that’s your preference
Hi all. This a fantastic thread. My husband and I have just started our house hunt. We live in NYC, are in our early 40s and are childless (although, we may look into fostering in the future). My husband is from Westchester and most of his family still live there (with exception to a brother and his wife who live in Greenwich just a house or two from the Port Chester border). While my husband would love to get a place in Westchester, I think we'd be much better off in Stamford. I think we can get more for our money and the commute to NYC is tolerable. But we're trying to understand property taxes. Apparently, property taxes are assessed on 70% of the property's Fair Market Value. So, if I'm understanding this correctly, if we purchase a home for $550K our property taxes should be no more than approximately $9,700 (using Stamford's current highest mill rate of 25.53). Does this sound right? Are there factors I'm not considering? Any input would be appreciated.
Hi all. This a fantastic thread. My husband and I have just started our house hunt. We live in NYC, are in our early 40s and are childless (although, we may look into fostering in the future). My husband is from Westchester and most of his family still live there (with exception to a brother and his wife who live in Greenwich just a house or two from the Port Chester border). While my husband would love to get a place in Westchester, I think we'd be much better off in Stamford. I think we can get more for our money and the commute to NYC is tolerable. But we're trying to understand property taxes. Apparently, property taxes are assessed on 70% of the property's Fair Market Value. So, if I'm understanding this correctly, if we purchase a home for $550K our property taxes should be no more than approximately $9,700 (using Stamford's current highest mill rate of 25.53). Does this sound right? Are there factors I'm not considering? Any input would be appreciated.
I would say that's approximately correct. My house is worth a little under $550k and my most recent taxes are $8900. Most real estates websites do list each house's RE tax so you might check those as well for a more comprehensive idea.
Note that in CT we have an annual vehicle tax, also based on 70% of the vehicle's book value. Figure a tax of about 2% of your vehicle(s) value annually. Also some areas of Stamford pay sewer charges as well (I suppose you wouldn't if you weren't hooked up to the sewer line). My family of 4 pays about $750 annually.
Hi all. This a fantastic thread. My husband and I have just started our house hunt. We live in NYC, are in our early 40s and are childless (although, we may look into fostering in the future). My husband is from Westchester and most of his family still live there (with exception to a brother and his wife who live in Greenwich just a house or two from the Port Chester border). While my husband would love to get a place in Westchester, I think we'd be much better off in Stamford. I think we can get more for our money and the commute to NYC is tolerable. But we're trying to understand property taxes. Apparently, property taxes are assessed on 70% of the property's Fair Market Value. So, if I'm understanding this correctly, if we purchase a home for $550K our property taxes should be no more than approximately $9,700 (using Stamford's current highest mill rate of 25.53). Does this sound right? Are there factors I'm not considering? Any input would be appreciated.
No, taxes are based on a property’s assessed value, not what you pay for it. Each town performs an assessment of your property’s value every five years. It is best to look at the taxes that were paid the previous year. That will give you an idea of what your taxes will be on the home you buy. Jay
Hi all. This a fantastic thread. My husband and I have just started our house hunt. We live in NYC, are in our early 40s and are childless (although, we may look into fostering in the future). My husband is from Westchester and most of his family still live there (with exception to a brother and his wife who live in Greenwich just a house or two from the Port Chester border). While my husband would love to get a place in Westchester, I think we'd be much better off in Stamford. I think we can get more for our money and the commute to NYC is tolerable. But we're trying to understand property taxes. Apparently, property taxes are assessed on 70% of the property's Fair Market Value. So, if I'm understanding this correctly, if we purchase a home for $550K our property taxes should be no more than approximately $9,700 (using Stamford's current highest mill rate of 25.53). Does this sound right? Are there factors I'm not considering? Any input would be appreciated.
Use this link. It’s an online assessment database for many CT towns, including Stamford. It will show sales history etc for Stamford properties. Type in the address of the home you’re interested in. It will show you the current assessment, official square footage, acreage, etc. you can get a good sense of taxes by multiplying the assessed value by the current mill rate http://www.vgsi.com/assessors-online...e/connecticut/
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