Category Archives: Property Taxes

Democrats lose NJ

From the Star Ledger: How Gov. Murphy helped Republicans win Assemblyman Jon Bramnick, the Republican leader, says he is grateful that Gov. Phil Murphy engaged so heavily in this week’s election because it helped Republicans like him win close races. “Did Murphy … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 144 Comments

Hey New Jersey – Here’s what Trump did to your home values

From ProPublica: Trump’s Trillion-Dollar Hit to Homeowners

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 45 Comments

Why NJ is f*cked

From the Star Ledger: N.J. is facing a $1.2B public-worker pension time bomb In the waning days of his administration, Gov. Chris Christie left his successor Phil Murphy a parting gift, of sorts. For years, New Jersey had assumed its public pension fund would … Continue reading

Posted in Economics, Politics, Property Taxes, Unrest | 85 Comments

No impact?

From NJ1015: NO MELTDOWN: NJ HOME VALUES RISE, DESPITE FEARS OF TAX LAW When federal tax law was changed a year and a half ago, alarms were rung by the real-estate industry warning it would be a gut punch to … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 247 Comments

Pounding salt

From LoHud: Housing market in Lower Hudson Valley slows as SALT impact weighs on high-end The housing market in the Lower Hudson Valley region has shown a slight slowdown in the second quarter, and experts blame the decline on the new tax … Continue reading

Posted in Economics, New Jersey Real Estate, NYC, Property Taxes | 48 Comments

Murphy bribes voters to get his millionaire tax

From the Star Ledger: Is a one-time $125 property tax credit really worth that much? Well, it would be a good start, Murphy insists. Admittedly, a one-time $125 property tax credit for two million residents of the state with the … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 89 Comments

IRS closes SALT loophole

From Accounting Today: It’s over: States lose fight against SALT deduction cap New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 33 Comments

Everyone Hates Murphy

From the Observer: NJ Politics Digest: Legislature Reportedly Prepared to Override Murphy’s Veto The state legislature could deal Gov. Phil Murphy an embarrassing rebuke, overriding his veto of a bill to force dark money groups—like the one supporting his progressive … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 33 Comments

Tax the shore

From WHYY: N.J. may roll back tax on Shore rentals, but details remain fuzzy New Jersey lawmakers are moving to exempt many Shore-goers from an unpopular new tax on home rentals, but it’s still unclear when the change would take … Continue reading

Posted in Property Taxes, Shore Real Estate, Unrest | 56 Comments

What’s driving gross income tax increases?

From the Star Ledger: N.J. income taxes rolling in like never before. Now Dems will fight over what to do with all that extra cash.  New Jersey’s income tax collections came roaring back in April, surprising state leaders and cracking … Continue reading

Posted in Economics, Employment, Politics, Property Taxes | 63 Comments

Look back at taxes

From CNBC: The IRS stats are in: Here’s how tax refunds look compared to last year The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year. The … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 70 Comments

89% of NJ households paid less taxes

From the Star Ledger: Tax Day 2019 more taxing for 400K N.J. households, thanks to Trump law If you saw your taxes go up under the Republican tax law that limited your property tax break, you weren’t alone. In fact, 411,809 New … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 58 Comments

In favor of which buyers?

From MarketWatch: Housing market is tipping in favor of buyers, real-estate agents say It’s been a long winter in the housing market. Economic unease, uncertainty about taxes, fluctuating mortgage rates, and rain and snow have kept buyers and sellers on … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Property Taxes | 95 Comments

Expect the worst

From Bloomberg: Trump Tax Reform Hits Home in Wealthy New York Suburbs Nick Boniakowski’s clients bought a home in Northern New Jersey in 2016. Now they want to move again. They found a house they liked. It wasn’t the charm … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes, Unrest | 65 Comments

A new tax for property owners

From the Star Ledger: The controversial ’rain tax’ bill designed for N.J. flood defense has been signed into law  Local authorities in New Jersey now have a new tool to manage stormwaters and flooding. Gov. Phil Murphy on Monday signed into law … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 78 Comments