They’ll have to wait a long time in NYS.
Geezers get a big property tax break in NYS.
And our state’s property taxes are high, especially in parts of Upstate.
In my neck of the Upstate woods, an existing home of 2,000 Sq ft on a postage stamp size lawn can run up to 10 grand in prop taxes annually.
Families with kids, or a couple that would like to have kids or more kids, are getting shafted.
NYS is ensuring that it won’t be making lots of future taxpayers.
“ Upstate woods, an existing home of 2,000 Sq ft on a postage stamp size lawn can run up to 10 grand in prop taxes annually.”
Your worse off then my friends in Illinois. I’m always kidding them that they don’t own that house they just rent it from the State.
Young families in FL can get a similar shaft.
Say a boomer who has homesteaded in FL for thirty years and a a millennial family buy identical side by side homes for 400K.
The boomer family might pay $700 or so in RE taxes while the young family could easily get socked with four to five thousand dollars.