I work in NYC and my wife just got a new job in Norwalk, CT so we are planning to move from NJ to either Westchester County, NY or Fairfield County, CT. The question I have is which place is cheaper in terms of taxes and other expenses? We'll be renting so property tax does not really matter. Any suggestions?
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kshahk said:I am open to either, but just want to make sure I make wise decision as far as taxes are concerned. I don't think Taxes will matter as long as you don't live in NYC. You will have to file NYS and CT tax returns no matter where you live.
Fairfield has lower property taxes. Westchester has better public schools. But the real estate market is fairly efficient. Houses in top Fairfield towns are more expensive.
If you want to send your kid(s) to private schools, Fairfield, public schools, Westchester.
HumDoHamaraDo said:kshahk said:I am open to either, but just want to make sure I make wise decision as far as taxes are concerned. I don't think Taxes will matter as long as you don't live in NYC. You will have to file NYS and CT tax returns no matter where you live.
Just note that Yonkers also has a special local income tax.
Hi, we've moved to fairfiled county CT a couple month ago. My husband works in Greenwich CT and we are looking for a house to buy anywhere in Fairfiled county ct or Westchester NY. Since our priorty for the new house is good school system for our young children and our budget,we have been looking into Pound Ridge/ Bedford area in Westchester and Wilton/ Westport in Fairfiled county. Please educate us about the higher real estate tax situation in Westchester compare to CT. Is there any benefit to pay higher tax to be in Westchester? Is there any other taxes that we have to pay more? (income tax/business tax, etc) How the real estate tax will be reassessed when you buy a house? like if the MLS sheet mantions an estimated tax, that means the new buyer will pay the same amount or the town will reassess the property and the buyer may pay higher tax then before? Any information would be helpful. Thanks.
Message edited by: tazzy531 on 2009-11-09 15:40:17 CST
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