Viewing a single comment thread. View all comments

meltyourtv t1_j3crb02 wrote

OP my father and his wife were house hunting in Newton in 2018 and both make 6 figures at their jobs. They could afford nothing, median home price in Newton back then was $1.8m, unsure what it is now. Hope you’re well off if you’d like to live there, you’re likely looking at $30-$40k just in property taxes per year EDIT: forgot to mention 33% of Newton residents in 2018 had a household income of $250k+, can cite this stat if you’d like

32

Long_Ad_5182 t1_j3dfmci wrote

Just look at the price map on Zillow. Nothing less than 2mil.

6

TigerKR t1_j3emxn1 wrote

Newton real estate taxes currently are about 1% of the property value per year. Using your examples, a $1.8m house would have annual real estate taxes of about $18k per year.

$30-$40k in real estate tax would be a home that is valued at $3m to $4m.

Source: know people who own homes in Newton

6