Monday, July 26, 2010

Reader Submitted: Garwood 'McMansion' Sales have a Costly Downside

In response to a post about an apparent 'strong sale' on Hemlock Avenue, a Garwood 365 reader sounded off.

The Anonymous poster said:

There's a downside to McMansions or expensive townhome sales in Garwood, especially if that's the only housing stock that sells.

The poster went on to say:

When garwood housing prices remain stronger than the surrounding towns the county then assesses Garwood at a higher rate and increases the county tax portion on all of us in town at a higher rate.

The poster warned:

It has happened to us for the last 2 years.


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