Jon, Home Buyer in Bloomfield, NJ

what towns have the cheapest property taxes on Long Island?

Asked by Jon, Bloomfield, NJ Wed Sep 7, 2011

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Answers

6
I agree with Don. Your buying location. Pick a town you like and look for the best deal you can make. Taxes are high all over Long Island.
If you find a home you like but the taxes are too high ask the agent to find out when the last time the owner grieved his taxes. With prices having declined so much you may be able to have your assessment reduced thereby lowering the taxes. Do your due diligence with the help of your agent. You may have a diamond in the rough. Also you should consider a home that needs work. You will get a much better price and have the opportunity to add value over time.
1 vote Thank Flag Link Thu Sep 8, 2011
Using a good Agent can be helpful. http://www.Hillelrealtygroup.com
0 votes Thank Flag Link Mon Sep 15, 2014
Glen Head and Island Park in Nassau County
0 votes Thank Flag Link Tue Sep 2, 2014
sagaponack, wainscot, remsenberg and a few others in southampton have ridiculously low tax rates.
0 votes Thank Flag Link Fri Aug 8, 2014
why are you answering like that? Fool.
Flag Sat Jan 31, 2015
Piece of advice: Don't base your buying decision on property taxes. You may be passing up a great bargain, or missing the home of your dreams, just because the taxes would be a bit higher. Example: Say the property taxes for two homes of the same valuations are $5,000 in one town and $6,000 in another town. OK. That's $1,000 difference a year. All of $3 a day.

Or, looked at a different way: About $15,000 in buying power difference for a purchase that might run (at least where I live) about $550,000. That's something to be aware of, naturally, but you've got plenty of tools to deal with that. Negotiate tougher. Look for bargains. Or just find something in your price range in the higher-taxing area, if that's where you ultimately decide to buy.

Don't make property taxes a litmus test of whether or not to buy.
0 votes Thank Flag Link Wed Sep 7, 2011
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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Taxes do vary based on exact location, size, schools, upgrades, etc.; if you have an area of interest, check out http://www.mlsli.com
0 votes Thank Flag Link Wed Sep 7, 2011
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