Another Tax funny from NY

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   I paid the property taxes for 2010, on a house valued at $315,000, and in the best of cases based on Caldwell Banker the house would list for $120,000 and I would be lucky to get $95,000.  If I happened to be bound by a mortgage I would be chained to NY by the property being worth less than the balance of the morgage. I can see now how people can not move out of NY to start over if they have a mortgage, the values vs morgage balance is so off.  And I am not eligable for tax credits on the home since I am not a perminant resident of NY.

We will not be fulltime in NY for three years, if then.  I promised step daughter she could graduate high school out here in Lincoln, NE.

And did nayone catch the news story comparing Lincoln, NE with Madera, CA, a true comparison of midwestern fiscal responsibilty, and the CA overpricing and dependancy.

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oldsoldier Members Profile Send Private Message Find Members Posts Add to Buddy List Moderator Group Crazy old guy Joined: 10 June 2002 Status: Offline Points: 6725	Post Options Post Reply Quote oldsoldier Report Post Thanks(0) Quote Reply Topic: Another Tax funny from NY Posted: 25 February 2010 at 10:11pm
	I paid the property taxes for 2010, on a house valued at $315,000, and in the best of cases based on Caldwell Banker the house would list for $120,000 and I would be lucky to get $95,000. If I happened to be bound by a mortgage I would be chained to NY by the property being worth less than the balance of the morgage. I can see now how people can not move out of NY to start over if they have a mortgage, the values vs morgage balance is so off. And I am not eligable for tax credits on the home since I am not a perminant resident of NY. We will not be fulltime in NY for three years, if then. I promised step daughter she could graduate high school out here in Lincoln, NE. And did nayone catch the news story comparing Lincoln, NE with Madera, CA, a true comparison of midwestern fiscal responsibilty, and the CA overpricing and dependancy.


SSOK Members Profile Send Private Message Find Members Posts Add to Buddy List Moderator Group The Savior of Christmas Joined: 01 September 2005 Location: PRNJ Status: Offline Points: 5919	Post Options Post Reply Quote SSOK Report Post Thanks(0) Quote Reply Posted: 25 February 2010 at 11:33pm
	Let me squat in your NY house for three years?


Reb Cpl Members Profile Send Private Message Find Members Posts Add to Buddy List Moderator Group Has to say "yes" to "are you a cop?" Joined: 10 June 2002 Location: United States Status: Offline Points: 14210	Post Options Post Reply Quote Reb Cpl Report Post Thanks(0) Quote Reply Posted: 26 February 2010 at 9:00am
	I don't know why these strange taxes are necessary now, the states fiscal problems are solved now with the whopping 6 million bucks saved with the parks closure!
	?