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Originally Posted by Captain Zipper
Perhaps I didn't word my initial post very well, the point I was trying to make is that I think it's sad to see so many folks lose their waterfront homes (that have been in their families for years) to high taxes.
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The waterfront tax rate at the lake is a little less than 1% of value. That means a $100K house will pay $1,000 in taxes; a $1M house will be taxed at $10,000. This is a lot better than Mass (proposition 2 1/2 is designed to keep taxes under 2.5%)!
So is it the value, or is it the "high taxes"? Before everyone keeps complaining about the taxes, look at the cost of all the other things. What do you pay for your car or truck? Your boat? Your jet ski? Your day on the slopes? What does it cost for a week of groceries? Costs and prices keep going up; and the value of a lakefront home also keeps going up.