Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
That's true, but don't forget, we pay property taxes that are a tad higher than on a similar home in the boroughs, and the LIRR fare also adds to the cost, so really, not much savings here.
That's true, but don't forget, we pay property taxes that are a tad higher than on a similar home in the boroughs, and the LIRR fare also adds to the cost, so really, not much savings here.
I always looked at it like this:
If I bought in NYC, the property taxes would be lower, but I'd have used that savings to pay for private school. You can't write off school tuition, however you can write off property tax, which is, in essence, school tuition. The added beauty in that analogy is that no matter how many kids I have, the "tuition" doesn't go up.
As for the LIRR fare, if you have flex benefits, you can write off $225 monthly on that.
The omission of the NYC tax and the lower home prices added to the above items make a strong case for Nassau. Especially when you consider that you're lucky to get a 40x100 lot for over a half a million bucks in NYC.
If I bought in NYC, the property taxes would be lower, but I'd have used that savings to pay for private school. You can't write off school tuition, however you can write off property tax, which is, in essence, school tuition. The added beauty in that analogy is that no matter how many kids I have, the "tuition" doesn't go up.
As for the LIRR fare, if you have flex benefits, you can write off $225 monthly on that.
The omission of the NYC tax and the lower home prices added to the above items make a strong case for Nassau. Especially when you consider that you're lucky to get a 40x100 lot for over a half a million bucks in NYC.
Plus, NYC real estate taxes have gone up quite a bit in the past decade and NYC is not subject to the 2% cap. They are generally lower than Nassau but not negligible. A modest house in Bayside, where many would be fine using public schools, can now have taxes around $8,000, and if you live there you're still likely paying LIRR (albeit Zone 3), you still probably have at least one car, and you still get hit up for NYC income tax (and when you are making a good but not outrageous living, can still be over $10,000 very easily). Not to mention that the modest house in Bayside now costs $800,000, when it would cost $600,000 in Port Washington or $450,000 in Lynbrook.
Plus, NYC real estate taxes have gone up quite a bit in the past decade and NYC is not subject to the 2% cap. They are generally lower than Nassau but not negligible. A modest house in Bayside, where many would be fine using public schools, can now have taxes around $8,000, and if you live there you're still likely paying LIRR (albeit Zone 3), you still probably have at least one car, and you still get hit up for NYC income tax (and when you are making a good but not outrageous living, can still be over $10,000 very easily). Not to mention that the modest house in Bayside now costs $800,000, when it would cost $600,000 in Port Washington or $450,000 in Lynbrook.
....On a (much?) bigger lot...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
