Yonkers Residents Being Kicked While They're Down

By
Real Estate Agent with KELLER WILLIAMS REALTY GROUP

Yonkers Residents Kicked

 

As if the budget deficit isn't enough, Westchester County is asking Yonkers residents to fork over an additional 23.6% in tax dollars. The increase can be attributed to the Westchester 2008 Budget and a spike in property values. Westchester County is a pretty complex county when it comes to calculating home values. Since each municipality has its own unique way of calculating values, the county has implemented a unique formula, a.k.a. the state equalization rate. Maybe I am a bit naive, but Yonkers has one of the lowest Median Household Incomes (As of 1999, and I understand its a city), how could this be?...

Yonkers, Peekskill, and White Plains round out the top 3 in tax increases for Westchester County.

 

Comments and Suggestions are always welcomed...

MICHAEL A. BROWN - REALTOR® WESTCHESTER COUNTY & THE BRONX

 

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