Woodway Lane Home Sells For $1.4M in Wilton

Cliff Cuming September 21, 2012 at 08:26 pm

Nice home.
I'd consider an upgrade to something like that but then the property taxes are way to high for services rendered.

Wilton2ParkAve September 25, 2012 at 03:32 pm

I think it's worth it... Wilton High School posted the highest SAT scores in state.

Feel free to pay my high taxes if you like high taxes September 25, 2012 at 04:48 pm

Just because we have some intelligent kids it means we should raise our taxes? So if the scores go down I assume you think the the taxes should be lowered? I don't understand what SAT scores has to do with high taxes being worth it.
Our taxes are high because the town wastes unbelievable amounts of money. I have a relative working in the school system and it is unbelievable how much money is wasted rather than being spend on necessary items.

Alethiologist September 25, 2012 at 05:04 pm

Taxes more than doubled, scores are flat since 2000

EMR September 25, 2012 at 06:30 pm

Brennan's administration are experts at raising taxes for inane community purposes (Ambler Farm, etc). Other than that, it's a nice town.

Wilton2ParkAve September 25, 2012 at 07:02 pm

Taxes are pretty comparable for similar acreage and square footage throughout the Gold Coast. Home prices vary, but taxes are fairly tight for similarly spec'd properties. A 3000 sq foot colonial is going to run 12,000 or so in most of the Gold Coast towns (yes I'm generalizing). Prices will run from 500,000 through 1.5 million though depending on town/city.
We need to slow the rate of increase, but I'm still paying 1/3 the rate I would if my property were moved over the Westchester border. They really have something to complain about.

Wilton2ParkAve September 25, 2012 at 07:11 pm

Let's provide actual examples:
2800sq foot colonial in Greenwich. Taxes are $11,500. http://www.raveis.com/prop/98544763/_greenwich_ct New Canaan, taxes are ~$11,000 http://www.raveis.com/prop/98543531/56willowbrooklane_newcanaan_ct Darien, taxes are $10,200 http://www.raveis.com/prop/17529/_darien_ct Westport, taxes are $18,000? http://www.raveis.com/raveis/98544686/17turkeyhillcircle_westport_ct Wilton, taxes are $11,000 http://www.raveis.com/prop/98542097/220lindentreeroad_wilton_ct

Alethiologist September 25, 2012 at 08:20 pm

The price tax ratio is an important way to measure relative taxaation. Savy buyers consider it since it does affect the value of the home, monthly payments and the prospects for additional increases. Using your info, the results do not help Wilton real estate and in fact conform the opposite of your assertion....
2800sq foot colonial in Greenwich. Taxes are $11,500. vs price of 1,345,000 http://www.raveis.com/prop/98544763/_greenwich_ct New Canaan, taxes are ~$11,000 vs price of 1,149,000 http://www.raveis.com/prop/98543531/56willowbrooklane_newcanaan_ct Darien, taxes are $10,200 vs price of 1,285,000 http://www.raveis.com/prop/17529/_darien_ct Westport, taxes are $18,000? vs price of 1,198,000 http://www.raveis.com/raveis/98544686/17turkeyhillcircle_westport_ct Wilton, taxes are $11,000 vs price of 775,000. http://www.raveis.com/prop/98542097/220lindentreeroad_wilton_ct

Wilton2ParkAve September 25, 2012 at 08:55 pm

Not at all Evelyn... Why don't you figure out your mortgage for each including taxes and tell me which is the least.

Wilton2ParkAve September 25, 2012 at 09:04 pm

Not at all Evelyn... Why don't you figure out your mortgage for each including taxes and tell me which is the most affordable.
A few more comparables: Fairfield, taxes are $17,000, comparable price to Wilton. http://www.raveis.com/prop/99003414/241shetlandroad_fairfield_ct Trumbull, taxes are ~13,500, lower price than Wilton http://www.raveis.com/raveis/98537324/4shadowoodlane_trumbull_ct Weston, taxes are $12,500, priced below Wilton comparable http://www.raveis.com/raveis/98537324/4shadowoodlane_trumbull_ct The relative taxation argument loses validity when highly overvalued markets are included.

Cliff Cuming September 27, 2012 at 12:10 am

with a mortgage, I am building equity. Not so with tax dollars, that is just a tax liability!
One house I like very much in Wilton is on the market for 1.4+ million BUT the taxes are just over 30,000.00 ---nearly 3 times the taxes on a comparably priced home you cited in Greenwich. As an empty nester, I would definitely buy it IF the taxes were 10k

Wilton2ParkAve September 27, 2012 at 12:43 pm

Invest the difference in overall housing cost and you still come out ahead Cliff, despite the "higher liability". Long term price inflation adjusted appreciation on housing is below equities or investment grade credit. Also, what is the price of a comparable spec'd home in Greenwich? At 1.4mm you aren't getting 4-5 thousand sq feet on 2 acres of land. Let's compare apples to apples. The average $1.5mm home in Wilton has taxes at half of your claim as well!