Stacked Townhomes (Sayreville, Washington: condo, credit, home builders)
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Good question. I was just wondering the same thing. Also, are property taxes on townhomes more or less than single family homes?
Totally depends on the area. Tends to be less in many cases but if you compare say a older home and a newer townhouse, the townhouse can end up being more in some cases. Also depends on size, location, etc. Also keep in mind that a condo or townhome will almost always have a maintence fee but a single family home probably will not unless in a development.
Tends to be less in many cases but if you compare say a older home and a newer townhouse, the townhouse can end up being more in some cases.
Yes, especially in towns with generally low tax rates. Our taxes on on our townhouse (built in 2003) were $6700, which was much higher than the average SF in Sayreville. Comparable (at least size-wise) SF homes built, say, 20 years ago had tax bills under $5000.
Oh, and I'm not sure what a stacked townhome is, but we did own the land (I think our lot size was less than .1 acre though).
Oh, and I'm not sure what a stacked townhome is, but we did own the land (I think our lot size was less than .1 acre though).
My fairly quick research suggests that a "stacked townhouse" is a marketing term in use by home builders for a multi-floor condo unit. They look like your typical townhouse from the front, often with 3 stories above street level and one either below grade or partially below grade. They are usually two floors for each unit, basement & first floor for one unit, second & top for the other.
And the ownership of the land would be worked out the same way it is with any multi floor, multi unit structure. Many options, but most commonly, (at least here in Central NJ) a proportional amount of the land commensurate with the proportional amount of the structure. ie, if your dwelling takes up 30% of the building, it's likely you are credited with 30% of the common land under the building. Of course, that's just for tax purposes. It's not like you can actually do anything with the land.
It would depend. We own our land in Washington Town Center. However, we do not have HOA, like other neighborhoods that are all townhomes (ours is mixed with single family homes). In some townhome neighborhoods, you only own the inside walls.
I pay $9000 and live in one of the smallest townhomes in the neighborhood.
I own and take care of the outside of my part of the building, as well, as the land it sits on
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