Seymour Topping and his wife are already paying a hefty annual real estate tax bill. But according to a recent report by Journal News ”Tax Watch” columnist David McKay Wilson, the couple may be forced to move due to a newly revised assessment of their property’s value.
The pair’s yearly property-tax burden is set to double from $43,415 to $85,704. Or, more than the amount originally paid for the 13-room, two-acre property in 1967:
“I was in absolute shock,” said Topping, 92, who lives with his wife, Audrey, 86, a photographer and author. “We looked forward to living out our last years here. Now it has become impossible to live here unless I borrow money to pay the taxes.”