New York – Rockland Suffers NY’s Worst Property Value Plunge

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    New York – Declines in home values and tax revenues has put more pressure on local governments to raise property taxes to pay for services and programs, a report Tuesday from Comptroller Thomas DiNapoli found.

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    But the findings, part of DiNapoli’s Annual Report on Local Governments, show that municipalities and schools have lowered spending and limited tax increases in response to the economic downturn.

    DiNapoli warned that the strain on local governments is far from over.

    The worst hit counties were in the Hudson Valley, and the most impacted was Rockland County, DiNapoli’s statistics show. The total taxable value of properties in Rockland fell 4.9 percent between 2008 and 2009, from $45.5 billion to $43.3 billion.

    Read full story at The Journal News


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    9 Comments
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    Monsey Resident
    Monsey Resident
    13 years ago

    This is not surprising considering what has happened in Monsey over the past 20 years. It used to be a great town with lots of open space and fresh air and clean properties. Now it is overly congested with multi-family housing complexes and dirty lawns.

    Anonymous
    Anonymous
    13 years ago

    Can I grab now a bargain in Monsey?

    Anonymous
    Anonymous
    13 years ago

    when every family has 10 kids on average they will some day need a house, and they all want to live together, so it does not leave room for spaces. if a large family is what you want, you will have to live with the consequences. this days we want to have the cake and eat it too.

    Anonymous
    Anonymous
    13 years ago

    The taxes in Monsey went through the roof years ago when so many houses suddenly filed to be tax exempt as a shul There are more shels than yidden in Monsey so very few pay tax.

    Anonymous
    Anonymous
    13 years ago

    Its the Short Sales that drives property value down

    shadchun
    shadchun
    13 years ago

    i am a monsey resident for close to 40years
    .
    what everyone, and the newbies,are ignorant of, is that monsey value properties shot up in the 80’s , 90’s and on more than 500% the average. check it out on all the RE sites

    now that property values are down , they’re still not close to the average.

    but somehow self-hating jews and those that love to stir the pot for nothing except to shed bolld and create sinas chinom, come up with all kinds of nonsense and selfish reasons to stir up hate. mind you, they can’t even give credit for all the good stuff here in monsey, becuase they are the same unsatisfied people , who will never say a good word.

    there is no mess here other than sinas chinom. that was always the mess.
    those that say it’s a mess. should look at themselves and say what a mess I am.

    Hashem should help us all

    Anonymous
    Anonymous
    13 years ago

    All the regular whites are getting out of Rockland and moving further West to get away from the trash, and also the noise and congestion. There is an indisputable fact at play that once whites start to become the minority, they move to where they will be the majority once more.

    hear nur
    hear nur
    13 years ago

    It’s the crazy taxes that have been driving property values down.

    The short sales is a symptom of crazily overtaxed and consequently overburdened homeowners.