Category Archives: Property Taxes

Which gets cut: Income taxes or property taxes?

Posted on January 27, 2012 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 280 Comments

From Bloomberg: Christie Pushes Income-Tax Cut as Democrats Eye Property Levies Governor Chris Christie told a group of business leaders that Democrats in the Legislature may jeopardize New Jersey’s economic recovery by putting social issues ahead of job-creation and tax … Continue reading →

2010 – Lowest property tax increases since 1992

Posted on January 9, 2012 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 135 Comments

From the Star Ledger: Special Report: Did N.J. property tax reform help most taxpayers? New Jersey homeowners paid an average of 2.4 percent more for property taxes in 2011, the smallest increase in nearly two decades, showing Gov. Chris Christie’s … Continue reading →

Farmland assessment must be fixed

Posted on December 2, 2011 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 202 Comments

The fix is simple, adjust the $500 minimum requirement (in 1964 dollars) for inflation, and ensure it adjusts for inflation every year going forward. $500 was a significant sum … in 1964 when the original law was passed. Had the … Continue reading →

Town Mergers – Elegant solution or are we the suckers?

Posted on November 23, 2011 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 155 Comments

From the APP: Gov: Mergers can help towns save tax dollars Gov. Chris Christie threw state support behind the successful effort to consolidate the Princetons into one town, but said he is not sure how many more town mergers are … Continue reading →

Relationship between taxes, services, and debt too complex for Jersey taxpayers to grasp

Posted on October 25, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 103 Comments

Fallacy: The taxes we pay this year, pay for the services we use this year. Taxes will continue to rise because we need to pay for services consumed in earlier years. The amount of taxes paid in a single year … Continue reading →

Stu and Gator single-handedly trigger Montclair reval

Posted on August 17, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 91 Comments

From the Montclair Times: Montclair reassessment will impact all property values All Montclair property owners can expect their property tax assessments to change following a reassessment that’s now in progress, some more than others, the company doing the work told … Continue reading →

The Next Big Issue ™

Posted on June 27, 2011 by grim
Posted in Foreclosures, National Real Estate, Property Taxes | 156 Comments

From HousingWire: Suits allege Fannie, Freddie owe millions in real estate transfer taxes in Michigan Fannie Mae and Freddie Mac are using tax-exempt status to escape county fees levied during the recording of foreclosure property transfers, two Michigan county leaders … Continue reading →

Congrats to Hunterdon!

Posted on May 18, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 154 Comments

From Bloomberg: Hunterdon County, N.J., Has Highest Taxes Residents of New Jersey’s Hunterdon County pay the highest property taxes in the U.S., according to the Tax Foundation. The annual median property tax in Hunterdon, about 60 miles (97 kilometers) southwest … Continue reading →

NJ voters reject cap busting tax increases

Posted on April 28, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 166 Comments

From the Star Ledger: All but two N.J. towns vote to reject raising property taxes over Gov. Christie’s 2 percent cap Voters rejected property-tax increases in 12 municipalities today, while two towns approved special ballots to exceed the new 2 … Continue reading →

High taxes not just for homeowners

Posted on April 7, 2011 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 278 Comments

From the Record: N.J. commercial property owners filing in record numbers In 2007, the Shanahan brothers who own Washington Garage, a small auto repair shop on Main Street in Bergenfield, paid $22,107 in property taxes. After the town conducted a … Continue reading →

“If you have an hour, you can do this”

Posted on March 20, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 102 Comments

From the Courier News: Tax assessment appeals on rise Knowing how to get a property tax bill reduced has made Terri LaPoint one of the most popular people in town. In the past couple of years, the Brielle resident has … Continue reading →

Property taxes continue to skyrocket

Posted on March 16, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 201 Comments

From New Jersey Newsroom: 12 N.J. towns look to override Christie’s property tax cap Your property taxes were even worse than you thought last year. New Jersey’s taxpayers paid out nearly $1 billion more on their bills in 2010. The … Continue reading →

The cost of open space

Posted on March 14, 2011 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 219 Comments

From the Star Ledger: In many N.J. towns that undergo revaluations, homeowners end up paying more open space taxes In the nation’s most densely populated state, Garden State residents value their space. But they may not be so thrilled about … Continue reading →

No easy choices for Paterson (The shape of things to come?)

Posted on February 4, 2011 by grim
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 107 Comments

From the Record (Hat tip Gator!): Paterson officials will argue to limit tax increase City officials will travel to Trenton on Monday to plead their case for a lighter municipal tax increase. The state Department of Community Affairs, which must … Continue reading →

Property tax rebates coming back, but can we afford them?

Posted on January 25, 2011 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 37 Comments

From the Star Ledger: Gov. Christie says he will restore N.J. property tax rebates Gov. Chris Christie said today he will restore property tax rebates that were eliminated in the budget last year. “We’re going to reinstitute the rebate this … Continue reading →