I was happy to hear about how my new governor and the politically schizophrenic mayor of NYC lowered some taxes. Unfortunately, in the State of New York those happy moments don't last long. I saw this local story and was brought back to reality. Property taxes in NY are out of control. How can we be called "homeowners" when we don't really own our homes.
Take my own personal story. My husband remodels homes for a living, so we bought an older home that was well within our budget. We have spent a good deal of time and money transorming this little old house into a really nice place to live. By improving our home we are also improving our neighborhood.
Guess what happened after we improved our home? You guessed it! The town and county have punished us regularly. In six years our assessment has gone up about 40% (a real bargain compared to these people). At this rate, by the time my husband and I pay off our mortgage and retire, we'll have to pack up and move out of state.
How does our state government address the problem of rising property taxes? Well, of course they borrow millions of dollars to pay for pork, what else? They do it in a completey bi-partisan way, so it must be a great idea.
Note to Governor Paterson: You have a little more work to do.