Friday, November 30, 2007

Taxes

Wanted to point out the situation with the taxes:
In July 2008 the J-51 Tax abatement kicks in (starting a 15 year period of lower taxes) and then the taxes per month will drop from the current $514/month to a very reasonable $117/month. Of course we're sad that we won't be around to enjoy the savings, this info should help potential buyers figure out monthly costs.

2 comments:

Jeannette said...

has the tax abatement application already been submitted?

also, read about the floods in oregon. hope everything's ok for you there.

kvn said...

hi there,
I've been told that the application has already been submitted, I think a LONG time ago.
Not sure how the floods will effect us, thanks for the thought!