That’s outrageous.
I pay less than $5,0000 a year and my small house on acreage is seven digits here in Montana...
I pay less than $5,000/year on my (now) seven figure property in California.
But for Prop 13, I’d be paying $35,000 - according to the Howard Jarvis Prop 13 generator on their website showing what we’d be paying if not for Prop 13.
Every Dem pol all the way up to the governor has tried - and is trying - to “fix” this and eliminate Prop 13. They get around it with high state taxes - and gas taxes as well, which go straight into the general fund so illegals in the state can have free medical care. Our roads are a disgrace.
Howard Jarvis is one of my heroes.
Existing homes around 2,000 sq feet and worth a couple of hundred grand pay around 5K or more in annual property taxes.
The homes I see selling are selling because sellers are dropping their prices.
Buyers can afford the mortgages, but not the confiscatory property taxes.
And thanks to the Supreme Court’s recent Tyler v. Hennepin County decision which declared home equity theft unconstitutional, NYS is likely having a much harder time making money off of screwing homeowners.
If NYS is honoring the decision.
Someone should damn well check to ensure that Albany isn’t in violation of that ruling.