Wyomissing PA
Luxury Homes,,, why would anybody pay 40k a year in taxes.. a client once asked me,, what do you tell her. PA and Specially Berks County has a big issue with property taxes. Taxes in Berks County seem to get out of hand in most instances, when it comes large properties it gets to the point of ridicule, Why would anybody pay 40k a year in taxes,, because they can, because having the home on the hill shows status, I told her, It is like buying a Rolex, you don't need one but you buy it to show ether that you have money, you made it, or you are in a huge dept...
Reading Pa the center of our county has a 5% transfer tax..., Helped a client recently buy a secluded home in Reading he had to pay 25K just in transfer tax to buy this house,,, how do you tell people that these homes are worth the money they spend. Wanted some feedback from real estate professionals about the taxes in your areas and what your counties have done to reduced taxes, I can pass your answers to our Senator,, see what he thinks...
Our tax rate is average about 3500/100k assessment..
I think is big, some townships have got to 4500/100k assessment... this can be good for anybody except for the county and the schools... but can you imagine what John and Jane, the 75 years old neighbors are going through....
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