"The New England states have close to 5% property taxes -- 4%+ of the purchase price PER YEAR.
That is just robbery."
Agree, but I live in CT in a house with property valued at just north of $1MM. Properrty tax where I live ~ 75 miles north of NYC is ~$14,000. Therefore, ~ 1.4% of total property value/yr, not 5%. Income tax @ 3- 6.99% and sales tax at 6.35% is brutal.
"The New England states have close to 5% property taxes -- 4%+ of the purchase price PER YEAR.
That is just robbery."
Agree, but I live in CT in a house with property valued at just north of $1MM. Properrty tax where I live ~ 75 miles north of NYC is ~$14,000. Therefore, ~ 1.4% of total property value/yr, not 5%. Income tax @ 3- 6.99% and sales tax at 6.35% is brutal.