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New York - Rockland Suffers NY's Worst Property Value Plunge

Published on: July 27, 2010 05:17 PM
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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.

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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Read Comments (9)  —  Post Yours »

1

 Jul 27, 2010 at 05:34 PM Monsey Resident Says:

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.

2

 Jul 27, 2010 at 05:44 PM Anonymous Says:

Can I grab now a bargain in Monsey?

3

 Jul 27, 2010 at 07:42 PM Anonymous Says:

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.

4

 Jul 27, 2010 at 08:26 PM Anonymous Says:

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.

5

 Jul 27, 2010 at 09:02 PM Anonymous Says:

Reply to #3  
Anonymous Says:

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.

There is no reason they have to stuff all these yidden into Monsey like animals in a feedlot before they are taken to the schlachhois. There is plenty of space in upstate New York where they can have shuls, yeshivot, markets and mikvos. There is no special yichus living close to "the rebbe" (whichever chassidus they haappen to follow). The declining property values in Monsey will hopefullycontinue their downward spiral until the place collapses of its own weight. Thats probably what it will take before they wake up and realize the mess they have created.

6

 Jul 27, 2010 at 10:58 PM Anonymous Says:

Its the Short Sales that drives property value down

7

 Jul 28, 2010 at 10:21 AM shadchun Says:

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

8

 Jul 28, 2010 at 10:30 AM Anonymous Says:

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.

9

 Jul 28, 2010 at 10:32 AM hear nur Says:

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.

10

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