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Old 12-03-2011, 04:29 PM
 
833 posts, read 1,563,900 times
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It's certainly true that it's less of an issue if you don't care about the schools, but that does impact resale value (though theoretically, that's built in to your buying price).
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Old 12-04-2011, 08:46 AM
 
Location: Albuquerque
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Remember Gold's Deli back in the day in Bridgeport?
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Old 12-04-2011, 12:36 PM
 
Location: Coastal Connecticut
20,409 posts, read 25,370,046 times
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I can't see how anyone could think the taxes in Bridgeport are not insane. Fairfield taxes aren't high, the property values are.

I'm looking at a house that's for sale in Bridgeport for $220,000. Will probably sell for under $200,000. Taxes paid? $7,000!

I paid $5,400 for my house in Milford, a similarly valued house in Bridgeport pays $13,000 in taxes. Sure, you'll get a little more house, but not enough to justify paying those kind of taxes.
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Old 12-04-2011, 12:40 PM
 
8,777 posts, read 18,930,061 times
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Quote:
Originally Posted by Stylo View Post
I can't see how anyone could think the taxes in Bridgeport are not insane. Fairfield taxes aren't high, the property values are.

I'm looking at a house that's for sale in Bridgeport for $220,000. Will probably sell for under $200,000. Taxes paid? $7,000!
On the flipside, that same house in Trumbull would probably have an asking price of $350K, and an $8000 tax bill.
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Old 12-04-2011, 12:46 PM
 
Location: Coastal Connecticut
20,409 posts, read 25,370,046 times
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Quote:
Originally Posted by Stratford, Ct. Resident View Post
On the flipside, that same house in Trumbull would probably have an asking price of $350K, and an $8000 tax bill.
Yeah, Trumbull taxes are a little crazy too. $400,000 house pays $9500 in taxes, which is almost double what I pay. But if you have kids, at least you can send them to good schools from K-12 without private schooling.

Ever look at Zillow to see all the homes that sold for under $50k in East Bridgeport? Ouch.
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Old 12-04-2011, 01:33 PM
 
833 posts, read 1,563,900 times
Reputation: 369
Quote:
Originally Posted by Stylo View Post
I can't see how anyone could think the taxes in Bridgeport are not insane. Fairfield taxes aren't high, the property values are.

I'm looking at a house that's for sale in Bridgeport for $220,000. Will probably sell for under $200,000. Taxes paid? $7,000!

I paid $5,400 for my house in Milford, a similarly valued house in Bridgeport pays $13,000 in taxes. Sure, you'll get a little more house, but not enough to justify paying those kind of taxes.
Exactly. You can't really say whether someone's taxes are too high or too low except by looking at what you get for those taxes, and frankly, I'm not convinced you get that much for your taxes in Bridgeport.
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