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Re: OT/ What makes a place like this so much cheaper


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Posted by jdemaris on February 26, 2008 at 05:48:22 from (67.142.130.44):

In Reply to: OT/ What makes a place like this so much cheaper posted by dave2 on February 26, 2008 at 01:11:28:

Don't believe all you hear about high New York taxes. They vary a lot, county to county. Also, many other areas in this country have "hidden" taxes - e.g. all kinds of fees for everyday life, personal property taxes, etc. It takes a lot research of truly figure what it costs to live somewhere - and land and school taxes do not tell the whole story. Much also depends on your personal lifestyle - and having certain freedoms might be a worth a lot.

I don't live too far from Fulton County and am pretty well aquainted with land values and taxes in central New York. I do the web-advertising for several real estate companies here. That price is normal for now, and was probably $75,000 a few years ago.
That area is NOT in the snow-belt and does not get the big snowstorms areas do up north near Lake Ontario. That area is at the foothills of the adirondacks and is pretty flat - so land does not sell for near what it would up in the nearby mountains of Hamilton County. It's not as picturesque, but has some beautiful lakes and trout streams. There are many Amish families farming in that area - but the growing season is short.
Go just 50 miles further into the Adirondack Mountains, and land is usually $8000 per acre and up. Taxes in the Adirondacks are also very high. I've got to pay twice the taxes on an 8 acre parcel I have in Indian Lake - Hamilton County, than I pay for 50 acres up north.
The plain fact of the matter is - this area of New York state has some of best land bargains in the country - but that won't last long and all is going up. That is why the Amish keep buying land here. Yeah, you can buy scrubby dry desert out west cheap, or flat Michigan sand with 2" trees - but here there's still land with hardwood trees, some of the cleanest water in the U.S., etc. - for pretty low prices.
I've got over 100 acres in three separate parcels in nearby Otsego County - 1/3 good farm land, the rest dense hardwoods -and my total taxes with house, shop, barns, etc. are $2200 per year. Many parts of New York have much higher taxes - especially just 50 miles away in the capital of Albany. I bought much of my land for $400 per acre.
I've also got several large forest-parcels up north in the snow-belt near Lake Ontario - and total taxes have gone down two years in a row. Those are in Jefferson County on top of the Tug Hill Plateau. That area is also getting bought up by Amish farmers.
Ten years ago there were farms all over the flatter areas of central and northern New York priced at $500 per acre - but no more. They often come with large farm-houses, old barns, lots of fresh water, and often large stands of hard maples, oak, and ash. I bought 50 acres of hardwoods 10 years ago for $10,000. Now it would probably sell for $50,000. Total taxes this year on one 50 acre hardwoods lot were $220.


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