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I've been seeing big houses being built onto smaller older houses and was told that people do this because they get the property tax rate of the old house. Is this true?
If so, does that mean you can buy an old small house and just knock down the walls & keep the foundation, adding onto it, and then have a newer larger house? Or do you have to keep the old part and just add onto that?
I've been seeing big houses being built onto smaller older houses and was told that people do this because they get the property tax rate of the old house. Is this true?
If so, does that mean you can buy an old small house and just knock down the walls & keep the foundation, adding onto it, and then have a newer larger house? Or do you have to keep the old part and just add onto that?
Back in the day you could keep 1 wall up and avoid the dreaded new construction tax in Brookhaven.
From what I hear those days are gone
We see that often in old Rocky Point, Wading River, Sound Beach, Panamoka etc.
1 wall from an old 500sf bungalow attached to a 3500sf post modern "addition'.
Taxes of 5k.
If you ever see a large home with ridiculously low taxes in NE Brookhaven that looks new....thats how they did it.
I wouldnt expect it to last after the reassessment, my friend was recently reassessed at 12k from 4K (but its now a 4500 sft home)
Everybody was doing it which really helped gentrify the area, but Brookhaven finally woke up.
The one wall thing still works in some towns. In others it has to do with how much additional living space is being added (for example in Huntington you can expand the living space by up to 25% without it being considered new construction)
You need to leave 1 wall up in most towns. taxes wont be increase until the house is complete. my neighbor took 10 years to build his house in massapequa on the water. he was paying $8000 up until 2007. he kept telling the town he wasnt finished. finally, the town came and told it that it was finished (it was, techincally, he was just stalling. he is now paying $18,000 a year in taxes. the house is now for sale.
You need to leave 1 wall up in most towns. taxes wont be increase until the house is complete. my neighbor took 10 years to build his house in massapequa on the water. he was paying $8000 up until 2007. he kept telling the town he wasnt finished. finally, the town came and told it that it was finished (it was, techincally, he was just stalling. he is now paying $18,000 a year in taxes. the house is now for sale.
Most towns have picked up on this and give you 2 years total to finish the project.
Unfortunately, it seems that 15k - 18k seems to be something we homeowners are going to have to just live with - IF you want a nice home PLUS a nice area. The two can't seem to happen at one time.
Unfortunately, it seems that 15k - 18k seems to be something we homeowners are going to have to just live with - IF you want a nice home PLUS a nice area. The two can't seem to happen at one time.
Most of the Mid level Ranch homes in the Tides/Pickwick are around 8k and have beach rights. http://tidesbeach.com/default.aspx
http://www.pickwickbeach.org/events.php (broken link)
crooks
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