3 ms·
An effective 2.5% property tax, such as the example given for Chicago, is not high. Try living in NY, where effective tax is between 3.5% and 5% (mine is 3.8 i
by binarymax 4y ago
An effective 2.5% property tax, such as the example given for Chicago, is not high.
Try living in NY, where effective tax is between 3.5% and 5% (mine is 3.8 in the city of Rochester). It’s really hard for people to become homeowners at that rate, especially when the market goes up and an appraiser can show up at any time and re-assess your value and raise your taxes.
- kristjansson 4y agoWow, that's nearly another mortgage payment. Forever! For the privilege of living in Rochester, NY?
- throwaway0a5e 4y agoThat's probably part of how they keep the kind of people they don't want living long term in Rochester out of Rochester.
- binarymax 4y agoNot sure what you mean by this. The city itself is quite diverse. Who are “they”? Also this is all of NY, not just Rochester, that has rates such as these.