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Unread 01-10-2009, 02:19 PM   #11
BBQchef33
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Join Date: 08-11-03
Location: Long Island, NY
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thats a great thing.. and your gonna have a blast.


We had one around here a few years ago, about a mile form my house. They took over the entire block for a week. Turned an old cape into a mansion. Added extensions, a built in pool, a nature walk thru the large yard. It was amazing.


But the family we had here in St james had the same problem as others after the makeover. It was a single parent who lost the spouse(police officer) to a shotting in the line of duty. i think it was the dad that was left behind, with 3 kids.

After the makeover, the original 40 year old tax assesment nearly quadurupled when the house got reassessed with 2006 rates. The real estate taxes went up so high, they could not afford the home any longer.

Just to put things in perspective regarding the taxes around here.

The tax bill in that area of Saint James, NY on new homes with 1 acre plots is about $14,000-15,000 a year. Old homes, same area, with old assessments were in the 6-8K range.
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