Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
Sorry Bob, but I smell the distinct odor of exageration here.
10K in property taxes? Maybe for you personally (which I suspect is where this laundry list came from), but many of us are carrying 2/3 or even 1/2 that. In fact the townhome I just looked at this weekend has taxes of $6100. Coem to think of it 10K in property taxes on a house that is only carrying roughly a $135000 mortage seems a bit out of whack even for Nassau.
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What you carry on a mortgage has nothing to do with property taxes. If I buy a $500,000.00 home with $13,000 property taxes (general and school tax), and i put $400,000.00 and carry a $100,000.00 mortgage....guess what my taxes are still $13000.
Do you live in Nassau County?
If you had a clue, Nassau County taxes are based on assessments/valuation.... NOT what your mortgage is.