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The Watercooler
Bailout effects
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<blockquote data-quote="bby31288" data-source="post: 199199" data-attributes="member: 182"><p>Here in New Jersey, when I bought my house it as brand new, as in it was a little ranch and taxed at a little ranch rate. So a builder bought it, knocked it all down except for one wall. He then built a new, bigger house. But the taxes were still rated at the old little ranch. But after the purchase and the paperwork went thru, the town said, oh...you have a new house now, so you are not paying enough taxes. Which is how it went from $6,000 to $9,000.</p><p></p><p></p><p>Stella. Thanks for the info and link, I will forward everything to husband.</p></blockquote><p></p>
[QUOTE="bby31288, post: 199199, member: 182"] Here in New Jersey, when I bought my house it as brand new, as in it was a little ranch and taxed at a little ranch rate. So a builder bought it, knocked it all down except for one wall. He then built a new, bigger house. But the taxes were still rated at the old little ranch. But after the purchase and the paperwork went thru, the town said, oh...you have a new house now, so you are not paying enough taxes. Which is how it went from $6,000 to $9,000. Stella. Thanks for the info and link, I will forward everything to husband. [/QUOTE]
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