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Taxes on new home construction

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Lucky09
2017!

Member since 1/06

7537 total posts

Name:
DW

Taxes on new home construction

Are taxes on new construction generally higher than a comparatively priced older home?

Ex - $400K house with $9K in taxes built in 1945 vs $400K house built in 2008? There are no taxes listed for new construction on most homes on MLSLI and I am just trying to get an idea.

Thanks!!!!

Posted 8/1/08 4:06 PM
 
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igottabeme
Its peanut butter jelly time!

Member since 1/08

2340 total posts

Name:
Wouldnt you like to know! ;)

Re: Taxes on new home construction

yes the taxes will be higher on new construction and it varies from town to town. you wont know the exact taxes until the builder files the CO's.

Posted 8/1/08 4:22 PM
 

carolyns4cupcakes
C ♥'s F

Member since 2/07

6456 total posts

Name:

Re: Taxes on new home construction

Posted by igottabeme

yes the taxes will be higher on new construction and it varies from town to town. you wont know the exact taxes until the builder files the CO's.



true!

And......if the owners of the 1940 house put in a new kitchen and the town knew about it then they can be taxed on it. Not like people get a new kitchen and report it to the town. I'm just making a point. Key word is new! Anything new = more tax.


It stinks.

Posted 8/1/08 4:42 PM
 

monters
Back in LI!

Member since 5/05

1525 total posts

Name:
Robyn

Re: Taxes on new home construction

I will let you know once we get hit with them Chat Icon

we closed in december...we have an idea what they "may" be, and iits Chat Icon

Posted 8/1/08 4:48 PM
 

Theresa05
Sofialiciciousssssssssssss

Member since 10/06

4891 total posts

Name:

Re: Taxes on new home construction

I have a new construction home..

My taxes are about 11k with an inground pool and outside poolhouse/bathroom..

they will not go up for 10 years we have affavdavids (sp)

this is NJ

Posted 8/1/08 4:52 PM
 

Jackie24
~We Did it~

Member since 7/06

6718 total posts

Name:
Jackie

Re: Taxes on new home construction

ours will be 10k in orange county

Posted 8/1/08 6:14 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Taxes on new home construction

my friend had a brand new house in Lake Grove - sold it in 2004. she was paying $12K a year in taxes

Posted 8/1/08 7:46 PM
 
 

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Anyone looking to buy a new construction AFFORDABLE home? MommaG 4/14/08 0 Home
Home taxes DUCKS2001 1/18/08 6 Home
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if you chose not to escrow taxes when you purchased your home Kara 7/31/07 8 Home
for a 1 million $$ home not bad in taxes! astroqueen74 7/30/07 9 Home
 
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