2011 Nassau & Suffolk Tax/Property Value Assessments? (Massapequa, Hampton: real estate market, mortgage)

[mcmsinger]

What do we have in store for property value assessments & tax assessments for nassau & suffolk?

And how do you think this will affect the real estate market for 2011?

I am hearing that plenty of local villages are bleeding red ink on their books and they need to raise property taxes. This will obviously lower property values since buyers in the market will take the taxes into account of how much they are willing to pay for it - since they also have mortgage payment besides just the taxes plus utilities & upkeep.

I am seeing lots of local villages becoming run down like Queens.

[kacike]

I am seeing lots of local villages becoming run down like Queens

When was the last time you visited Whitestone, Bayside Gables, Malba. I've lived in Queens all my life and just now moved to Massapequa. I've seen a lot more of run down areas and struggling bussiness in the year i've lived in the Island that i ever did in Queens.

[mcmsinger]

Originally Posted by kacike

When was the last time you visited Whitestone, Bayside Gables, Malba. I've lived in Queens all my life and just now moved to Massapequa. I've seen a lot more of run down areas and struggling bussiness in the year i've lived in the Island that i ever did in Queens.

Those are exceptions in Queens.

Most of Long Island in Nassau & Suffolk, however, is much better than most parts of Queens in terms of aesthetics, crime, congestion and schools.

And this has nothing to do with "struggling businesses". I'm sure there are millionaire business owners running their operations in Queens - But do they live there? Not all of them.

This post had nothing to do with commercialization. I'm sure that some businesses in Queens maybe very profitable & are making their owners very well off.

The residential sector however in Queens is generally run down.

Long Island's South Shore, I agree IS becoming run down in it's residential sector & maybe even in it's commercial sector. (Hamptons excluded)

I think that part of Long Island you speak of is becoming just like Queens.

However the rest of long island within Nassau & Suffolk's residential sector generally is much much better off than Queens.