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Please excuse my ignorance again but this is due to the fact that I have never lived in the States. I would like to know if we would have to pay taxes on a rented house or you only pay them when you own a property.
This information would help us in budgeting for our move as at the beginning we would probably rent.
Also for a family of 5 living in Westchester on a 90K salary what amount of total taxes we need to budget for considering income taxes, property taxes ect?
Thanks for the information, it is very useful. Yes I know that property taxes are very high, I have been looking at the differences from town to town. What do you think we can get for between 2500 and 2800$ in towns like Eastchester, Dobbs Ferry, Tarrytown,Croton? Could we manage to get a 4 bedrooms single family house?
By the way, Tarrytown , Dobbs Ferry and Hastings are not mentioned very often on this board. Any opinion on those towns and their school districts?
Last edited by Raffaella; 11-08-2007 at 10:04 AM..
Reason: Needing more information
I know Tarrytown the best out of the three. It has a very nice small town vibe. Seems fairly affluent and there are always people walking around on the streets enjoying themselves (which is somewhat unusual for America, mind you) To be honest I don't know so much about the schools there.
Have you checked out the Great Schools webpage? GreatSchools.net It gives reviews of all of the schools.
There's no property taxes on a rented house, that should be included in the rent (and paid by the owner). You only pay taxes on property you own.
If you do purchase a house just be aware that the taxes in the NYC suburban areas can be very expensive.
It's worth paying the taxes and owning something than it is to rent...b/c what are you doing when you rent? essentially throwing away money. owning is an invesment- allows you to obtain equity.
Alright you've posted this repeatedly. Generally as a rule of thumb you are correct, however buying is not always to go, for the following reasons
-many people can't afford the down payment
-if you can get a stabilized apartment the rent can be dirt cheap
-if you don't plan on living in the area for more than 3-5 years renting is preferable to owning
-if the real estate market is stagnating or declining then there is no point in building equity in an asset which is declining in value.
Quote:
Originally Posted by Jdawg8181
It's worth paying the taxes and owning something than it is to rent...b/c what are you doing when you rent? essentially throwing away money. owning is an invesment- allows you to obtain equity.
I know Tarrytown the best out of the three. It has a very nice small town vibe. Seems fairly affluent and there are always people walking around on the streets enjoying themselves (which is somewhat unusual for America, mind you) To be honest I don't know so much about the schools there.
Have you checked out the Great Schools webpage? GreatSchools.net It gives reviews of all of the schools.
Thank you Mead for tou tip, I will look into that webpage. By the way I have also discovered another webpage which seems quite good and it is schoolmatters.com . From this webpage it looks as if in Tarrytown there are not public high schools. So does anybody know which high school children from Tarrytown go to?
Finally can anybody tell me if with $2500 a month we can get a 4 bedroom house in Tarrytown, Dobbs Ferry or Eastchester?
Thank you Mead for tou tip, I will look into that webpage. By the way I have also discovered another webpage which seems quite good and it is schoolmatters.com . From this webpage it looks as if in Tarrytown there are not public high schools. So does anybody know which high school children from Tarrytown go to?
Finally can anybody tell me if with $2500 a month we can get a 4 bedroom house in Tarrytown, Dobbs Ferry or Eastchester?
Thank you I will get onto that webpage to get an idea.
Last edited by Raffaella; 11-10-2007 at 01:08 PM..
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