August 21, 2012
Home Show
Last weekend the GF's parents invited us along to a home show. We toured five luxury houses, all selling for >$600k. They were, as one might imagine, very nice houses.
What really got the GF's father going was the discovery that the houses were officially condos, and that this meant that their combined condo fee + property tax was about half of what the property tax alone would have been had they been normal houses. So the owners save about $10k a year on taxes, plus the association cuts their lawns and plows their driveways.
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What really got the GF's father going was the discovery that the houses were officially condos, and that this meant that their combined condo fee + property tax was about half of what the property tax alone would have been had they been normal houses. So the owners save about $10k a year on taxes, plus the association cuts their lawns and plows their driveways.
Posted by: Boviate at
10:05 PM
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According to a local newspaper, the town of Bath is realizing that is a problem and perhaps they should revise their taxing laws to encourage less quick conversions to condos.
Posted by: Dad at Wednesday, August 22 2012 09:45 PM (DNlfZ)
2
I wonder if it's the consequence of a state-wide model code.
Posted by: Boviate at Wednesday, August 29 2012 08:21 PM (L1IVj)
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