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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Taxes - advice for new homeowners and rambling thoughts
I decided to look at our 2002 tax bill (when we bought the house) to our 2008 tax bill, to see how much it has changed.
Increase over 6 years - $2025.54
Average - $337.59 per year
Most of that (just over $300 per year average) is from increases to school district, police, fire district and garbage pick up. Schools were the biggest - average increase $199.93 per year.
Those are averages - I remember one year there was a huge jump when a big school increase passed.
So when you're working up your budget, plan on seeing some hefty tax increases each year. I'm not anticpating that thing will change any time soon on LI.
I'm approximately 15 years away from retirement. At the average rate of increase, my taxes will be in the neighborhood of $15,000 a year - quite a chunk out of retirement income - definately incentive to retire off the island.
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Posted 7/30/08 7:14 PM  |
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Prudential Douglas Elliman Real Estate
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: Taxes - advice for new homeowners and rambling thoughts
Thanks for posting this!
What you discovered is exactly why we decided to buy a home that had the lowest taxes possible. they only go up!
It's scary how much they will be in 5, 10, 20 years time. it's not right.
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| Posted 7/30/08 8:40 PM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: Taxes - advice for new homeowners and rambling thoughts
say it again, sista!
It's not right. our increases in salary (if any) don't match the tax increases. you should keep this in mind when YOU vote on school budgets. it's the only thing that you can put your voice to.
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| Posted 7/31/08 8:11 AM |
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ILJ619
LIF Adult
Member since 6/06 1985 total posts
Name:
Irene
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Re: Taxes - advice for new homeowners and rambling thoughts
I was just saying this on another post property taxes keep going up and you can never tell by how much but you definitely have to factor it in when you are doing your bills. A few times the school vote did not go through but now that my DD is in school I have to suck it up lol. Plus I have to say that the police, fire and garbage service in my area is very good.
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| Posted 7/31/08 11:21 AM |
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qtdimps231
LIF Toddler
Member since 11/07 477 total posts
Name:
Diana
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Re: Taxes - advice for new homeowners and rambling thoughts
great post! thanks!
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| Posted 7/31/08 11:23 AM |
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jen919ifer
LIF Adolescent
Member since 7/08 803 total posts
Name:
Jennifer
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Re: Taxes - advice for new homeowners and rambling thoughts
WOW that is ridiculous. Something HAS to give, or only the rich will live on Long Island. We were actually looking upsate in Dutchess County b/c my parents live there. The taxes are about 6-7k though, so we would save an average of 3-4k a year which to me doesn't amount for quality of life. No one cares about the middle class and its unfortunate because we are the ones who make the country go round, if we cant afford to spend the good ol USA will collapse financially
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| Posted 7/31/08 11:50 AM |
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isabelle2137
LIF Adult
Member since 12/06 1076 total posts
Name:
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Re: Taxes - advice for new homeowners and rambling thoughts
Posted by rkoenke
say it again, sista!
It's not right. our increases in salary (if any) don't match the tax increases. you should keep this in mind when YOU vote on school budgets. it's the only thing that you can put your voice to.
So true! My district for K-6 schooling just added a new position - deputy superindtendent.
This is absolutely ridiculous. A small district of 6 elementary schools needs a superintendent, two assitant superintendent and now a deputy superintendent???
Something has to give here.
Sorry to hijack.
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| Posted 7/31/08 1:48 PM |
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