Tag Archives: CNN

When $30,000 Property Taxes Hit A Little Harder

That’s the headline on a CNN story posted yesterday to its website.

The piece — about the effect of the new tax law on high property tax states like Connecticut — was illustrated by a stock photo that seems to show Westport.

Whether that’s our town or not, there’s no denying that residents here have been hit hard — along with our counterparts in places like New York, New Jersey and Illinois.

The CNN story concludes with this assessment from a local realtor:

While many towns in Connecticut also have relatively high property taxes, some towns further up the Long Island Sound — like Westport or Fairfield — have lower bills than Westchester and are still a commutable distance from Manhattan.

“In Westchester County — towns like Larchmont, Rye, Mamaroneck — the taxes are crazy high,” says Mary Ellen Gallagher, a real estate agent and partner of Compass Westport Team KMS Partners in Connecticut.

“Younger people can’t afford those taxes and are looking [in Connecticut] where you get more house and pay less taxes, but you’re further from New York.”

She says for many luxury buyers, taxes don’t always play into their decision to buy a new home, but can be a deterrent for those looking to move up to a larger and pricier home.

“I think it is hurting the luxury market,” says Gallagher. “Because people aren’t trading up.”

(Click here for the full CNN story. Hat tip: Seth Van Beever.)

CNN Covers “White Privilege” Controversy — And Adds A Prize

The Great White Privilege Essay Contest Debate reached CNN this morning.

A few minutes ago, Michael Smerconish interviewed TEAM Westport chair Harold Bailey on his TV show. The segment was long, detailed, fair and balanced.

And — before it ended — the host invited the eventual essay winner to come on the show.

(That should spur entrants from Westport high school students! Interested? Click here for details. To view the segment on the CNN website, click here.)

michael-smerconish-cnn

(Hat tips: Lyn Hogan. Barbara Wanamaker and Lisa Metz)