Category Archives: Property Taxes

Pay Up Jersey City – Just like the rest of us

From the Jersey Journal: Jersey City homeowners uneasy as long-delayed revaluation begins A five-letter word is causing heartburn in every neighborhood in Jersey City. Reval. The citywide property revaluation, Jersey City’s first since 1988, is finally underway, with inspectors knocking … Continue reading

Posted in Gold Coast, New Jersey Real Estate, Politics, Property Taxes | 19 Comments

Why not put it on the ballot?

From the Star Ledger: On property taxes, it’s time for a little initiative – and referendum | Mulshine When you picked up your Star-Ledger on Monday, you no doubt noticed a front-page article by Jonathan Salant headlined “Jersey by the … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 137 Comments

Lower-end Overassessed?

From the Record: Municipal tax offices slow to respond to a tepid real estate recovery, especially in modest neighborhoods Homeowners at the lower end of North Jersey’s housing market — still suffering disproportionately from the real-estate slump — are now … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 85 Comments

Pay Up Sucker

From Slate: Princeton Pays Up When Princeton University announced it had settled litigation with area homeowners who had argued it is a profit-making institution in order to challenge its exemption from property taxes, it appeared to be paying millions of … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 105 Comments

NJ’s Wealthiest Resident Leaves for Florida

From Bloomberg: Tepper’s Most Profitable 2015 Trade May Be Moving to Miami New Jersey lost its richest resident late last year when billionaire David Tepper decamped to the tax friendly climes of Florida. Tepper registered to vote in Florida last … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 94 Comments

What cap?

From the Record: Property tax cap growing weaker across North Jersey; more towns than ever exceed 2% limit Reforms enacted in 2011 to keep the nation’s highest property taxes in check are showing signs of weakening as a growing number … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 7 Comments

Christie’s property tax cap worked

From the Star Ledger: Are N.J. property taxes actually going down in many towns? Are many New Jersey residents actually paying less in property taxes than they were five years ago? The state’s sky-high property taxes crossed the $8,300 threshold … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 37 Comments

What’s worse? High cost of living or the taxes?

From the Star Ledger: Did 2M people really leave N.J. because of high taxes? More than two million people left New Jersey between 2005 and 2014, taking billions of dollars in income and economic activity with them, according to a … Continue reading

Posted in Demographics, Economics, Employment, Politics, Property Taxes | 65 Comments

No Suburb Left Behind

From the WSJ, hat tip Chi: Casualty of Cities’ Resurgence: The Suburban Offices Left Behind Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises, giving cities an economic jolt. … Continue reading

Posted in Demographics, Economics, Employment, New Development, North Jersey Real Estate, Property Taxes | 147 Comments

Exodus

From MyCentralJersey: Outta here! Garden State residents look to retire in greener pastures Have you noticed more moving trucks on your block recently? Well, here’s why. The recent National Movers Study released by United Van Lines pointed to New Jersey … Continue reading

Posted in Demographics, Economics, Politics, Property Taxes | 89 Comments

Up Up and Away!

From the Star Ledger: Here’s how much property taxes went up (again) in N.J. last year The already steep property tax bill for New Jersey residents jumped again in 2015, topping $8,300 for the first time and increasing at the … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 30 Comments

“I have no hope. One thing about taxes: they go up.”

From the APP: Property taxes up $537 million HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015. The hike pushed the average local tax bill to $8,354 for homeowners, up … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate, Property Taxes | 25 Comments

NJ floats bill to tax non-profit hospitals

From the Record: Proposed N.J. bill would mandate that some hospitals make payments to host communities Non-profit acute-care hospitals that have money-making facilities would start making payments to offset the cost of services provided by host municipalities, according to a … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 73 Comments

State ready to force reassessment of properties

From the Star Ledger: State blasts tax boards, may force N.J. towns to reassess properties Three New Jersey municipalities in Union, Hudson and Middlesex counties are under investigation by the state for stalling property reassessments for decades and could be … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 124 Comments

If high taxes mean no jobs, why has NY recovered?

From the Star Ledger: N.J. has worst business tax climate in U.S., study finds New Jersey’s high property and income taxes contribute to its standing as the nation’s least attractive tax climate for businesses, according to a Washington tax policy … Continue reading

Posted in Housing Recovery, Politics, Property Taxes | 97 Comments