Barndominium/Shop or "real" House?
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ETD66SS
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From memory of the last time I researched it. My school tax is around $26 per $1000 of assessed/market value. The county taxes I'm not really sure.
But for my stick frame design if I were to build that (1200sq-ft) I would expect $12,000-$13,000 per year in property taxes. (school + county). I would hope the barndominium would be assesd for about $100k lower, so maybe $9000 in taxes per year for that.
Over 70% of the county property taxes in NY goes towards "poor" people in the county on Medicaid. In my county I have the cities of Niagara Falls and Lockport. Both cities filled with low income households. If I would have bought land one county to the east of my property taxes would be about half.
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MossRoad
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Ouch!
OP
ETD66SS
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Yep. I was 29 years old when I bought this property. Wasn't a homeowner at the time and didn't put enough thought into the tax situation. Now the land is very developed and ready for building, I don't think I want to start all over again somewhere else.
MossRoad
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If you like the area, can get what you want where you are, and can finance the future, go for it. The one thing I've learned is the older I get, the better I was.
I'm 62, and time is really flying now.
JasperFrank
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I believe there was a question as first stated by the OP.
My answer is "Real House. " Separated garage.
My answer is "Real House. " Separated garage.
turbo36
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I can see why taxes make such a difference. Here in Michigan you are taxed at 50% of market value if it is your primary residence you get a break of 18 mills. My non-homestead property is taxed around 52 mills so pretty close to what you are paying.
Also, I should have said "over there" instead of "down there".
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ETD66SS
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Here in NYS they have the STAR program. Older homes get a tax break, but not homes built after the law was put in the books. The house I just sold was 864 sq-ft built in 1954. I paid about $3300/year for taxes on that home, and would get a check for about $700 per year for property tax relief. When you build a new home, not only do you pay more taxes than older homes due to assessed value, you also do not receive any of the STAR tax relief money. So basically when you build a new home you screw yourself in terms of taxes for the duration you own that home. It's better to buy an old house and fix it up. I'm not interested in any of the old farm houses with crappy basements however.I can see why taxes make such a difference. Here in Michigan you are taxed at 50% of market value if it is your primary residence you get a break of 18 mills. My non-homestead property is taxed around 52 mills so pretty close to what you are paying.
Also, I should have said "over there" instead of "down there".
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garc
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Just throwin' stuff at the wall
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ETD66SS
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I did think about the covered porch over top of one of the garage bays, but wondering how you deal with water that gets blown in on the deck area, don't want it finding its way into the garage below, and kind of wanted that deck open to the weather, not closed in.Just throwin' stuff at the wall
I like that it's 900 sq-ft and not 1300 however.