{"id":2048,"date":"2018-01-31T21:53:37","date_gmt":"2018-01-31T21:53:37","guid":{"rendered":"http:\/\/www.jpfco.com\/dir\/?p=2048"},"modified":"2018-01-31T21:57:43","modified_gmt":"2018-01-31T21:57:43","slug":"nantucket-county-commonwealth-of-taxachusetts","status":"publish","type":"post","link":"https:\/\/www.jpfco.com\/dir\/nantucket-county-commonwealth-of-taxachusetts\/","title":{"rendered":"Nantucket County, Commonwealth of Taxachusetts"},"content":{"rendered":"<p>I&#8217;ve had many people ask me how the lowered real estate tax deduction would affect the market on Nantucket.  Most people had the assumption that it would have a negative impact on the market.  However, I think the opposite &#8211; it will have a positive impact.  Although Nantucket is part of the Commonwealth of Taxachussets, the Nantucket real estate tax rate is $3.53\/$1,000 or, no calculators, .353%, of assessed value for FY18 &#8211; one of the lowest mill rates in the country (another reason to own a piece of the Rock)!  So, your property would have to be assessed over $2,832,861 to go over the allowed deduction.  Whereas in Suffolk County, NY (Hamptons), the rate is approx. $22\/$1,000.  So, your property would hit the limit at approx. $454,000 of assessed value.  People don&#8217;t like taxes, but like vacation homes.  Hmmm&#8230;   <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve had many people ask me how the lowered real estate tax deduction would affect the market on Nantucket. Most people had the assumption that&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2048","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/2048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/comments?post=2048"}],"version-history":[{"count":3,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/2048\/revisions"}],"predecessor-version":[{"id":2051,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/2048\/revisions\/2051"}],"wp:attachment":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/media?parent=2048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/categories?post=2048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/tags?post=2048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}