Funny how I always find something to talk about but sitting down to write something worthwhile that others would be interested in reading is a whole 'nother story.
How about this email subject I received today: looking for East Irondequoit under $90,000. And there have been others for Webster, Fairport and Brighton. We actually have a shortage of inventory. Agents wanting to know about new listings coming up because they have seen everything in the market and they didn't like any of it. But that also says to me that the buyer expectation of what they can buy for the money they choose to spend is skewed. I'm showing 3 homes tomorrow and 1 of them has 3 other showings. Price, under $115,000. This still buys a nice house. Raised ranch, almost 2000 SF with a 2 car attached garage on a 79x175 lot. But the total school, town & county taxes on that will run around $4700 a year.
It's the taxes that are killing us in Rochester (Monroe County). If someone was to purchase my 1.2 acre $849,900 Lake Ontario listing, the taxes would potentially be $31,702 a year. This of course keeps our prices down.
I would love to know how we stack up against taxes in other parts of the country. Well, I did it! 2 days in a row. Now if I could just diet along with blogging that would really be something.
Everything is truly relative! I have clients who complain about 1.8% a year on golf course property. I'll share with them your tax values and perhaps they'll appreciate how good we have it!
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