Quote:
Originally Posted by The Real BigGuy
TiltonBB, I beg to differ. I have a 2 bedroom, 1 bath, in heated, uninsulated island cottage valued at $600,000. On the mainland, I don’t think it would bring anywhere near that. I’m not seeing a discount, in fact I’m paying a premium to fund schools, roads, fire & police protection for mainlanders.
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Hi RBG--having bought on the mainland waterfront just a few years ago, I am virtually certain that island waterfront is significantly less expensive than mainland waterfront on an apples to apples basis.
OK, your modest structure at $600K seems steep in a vacuum. But don't they show assessed land value and assessed structure value separately? You might compare your assessed land value to comparable plots on the mainland, or ask your assessor's office to do the same.