Category Archives: Property Taxes

Looking down the barrel

Posted on July 20, 2010 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 182 Comments

From the Star Ledger: N.J. faces $10.5B budget deficit heading into next year New Jersey faces a $10.5 billion budget deficit heading into next year — nearly the same size as the gap that opened up before this year’s spending … Continue reading →

CAP 2.0%! (But will it help?)

Posted on July 13, 2010 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 168 Comments

From Bloomberg: Christie Signs 2% Cap on New Jersey Property Taxes New Jersey Governor Chris Christie, whose state has the highest property taxes in the U.S., signed legislation capping annual increases in the levies at 2 percent. The measure reduces … Continue reading →

NJ Property Taxes – Like an adustable rate mortgage that never ticks down

Posted on July 12, 2010 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 123 Comments

From the Times of Trenton: As cuts sting, taxes rise – Pinched by revenue losses and rising costs, homeowners hit from both sides Susan Bluth owns a two-bedroom condo in the Wyckoff’s Mill development of Hightstown. Her property taxes jumped … Continue reading →

“Oh yeah, I want them to tax me more money”

Posted on July 8, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 231 Comments

From the APP: New Jersey mayors against property-tax cap voice concerns Mayors opposed to the 2 percent cap on property tax increases hurtling toward approval by the state Legislature voiced their concerns to an Assembly committee Wednesday, taking exception to … Continue reading →

$1.3 Billion? Poof!

Posted on July 5, 2010 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 64 Comments

From the Daily Record: Property values decline $1.3B in Morris County NJ over past year The value of all taxable property in Morris County dropped $1.3 billion in the past year, after growing for most years in the past decade. … Continue reading →

Too radical?

Posted on July 1, 2010 by grim
Posted in National Real Estate, Property Taxes | 168 Comments

From New Jersey Newsroom: Christie can cut billions more from N.J. budget if he really believes in limited government Governor Christie’s property tax cap allows residents to override the 2.5% cap. What is the point of a cap then? Self … Continue reading →

Doesn’t get worse than West Orange

Posted on June 26, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 121 Comments

From the NY Times: Property Taxes Inhibit Sales in West Orange FOR many years this community enjoyed popularity as a less expensive alternative to those Essex County towns on the direct train line to Manhattan. These days, however, something uncomfortably … Continue reading →

Lower cap looks likely, but will it be 2.9% or 2.5%?

Posted on June 21, 2010 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 193 Comments

From New Jersey Newsroom: Sweeney to propose 2.9 percent cap on N.J. property tax hikes Contending a cap on property tax hikes needs “realistic numbers,‘’ Senate President Stephen M. Sweeney (D-Gloucester) Monday will introduce a proposal to set a cap … Continue reading →

Will consolidation ever happen?

Posted on June 16, 2010 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 284 Comments

From the Star Ledger: Gov. Christie says property tax cap could force N.J. town, school district mergers New Jersey’s notorious but beloved patchwork of towns and school districts could be transformed under a new limit on annual property tax increases, … Continue reading →

Deeper into the hole we go

Posted on May 25, 2010 by grim
Posted in National Real Estate, Politics, Property Taxes | 334 Comments

From the Daily Record: State revenues continue to fall short State revenues continue to fall below projections, putting New Jersey in potentially tighter budget squeeze. A new analysis by the nonpartisan Office of Legislative Services predicts that taxes and other … Continue reading →

“I’m afraid I might lose my home because of this”

Posted on May 19, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 191 Comments

From the Star Ledger: Irvington residents are reeling from 17 percent tax hike A 17 percent municipal tax increase here has given rise to resident anger in recent days as the township’s quarterly bills began arriving in mailboxes. Although the … Continue reading →

2.5% Cap – But will it pass?

Posted on May 11, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 398 Comments

From the Philly Inquirer: Christie urges sweeping changes to cap property taxes Gov. Christie unveiled a sweeping package of proposals Monday aimed at solving the state’s “property-tax crisis,” minutes after Democratic legislative leaders proposed reinstating an income-tax surcharge on residents … Continue reading →

No worries, we’ll make it up in property taxes

Posted on May 7, 2010 by grim
Posted in Property Taxes | 546 Comments

From the Press of Atlantic City: Atlantic City suffers biggest 2009 revenue decline among nation’s gaming markets The nation’s commercial casino industry experienced a slump in jobs, revenue and tax receipts in 2009, with Atlantic City suffering the most among … Continue reading →

¡Viva la Revolución!

Posted on May 6, 2010 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 385 Comments

From Investor’s Business Daily: Ready To Revolt In New Jersey? Two states in particular, New Jersey and New York, could use a version of California’s much-maligned Proposition 13. Without it, they might start seeing the middle class squeezed out of … Continue reading →

Bend Over NJ

Posted on April 30, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 540 Comments

From Bloomberg: Christie’s Cuts May Push N.J. Property Tax Up 8% New Jersey property tax bills, the highest in the U.S., may rise an average of $600 to make up for Governor Chris Christie’s proposed cuts in school and municipal … Continue reading →