Category Archives: Property Taxes

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

NJ Tax Machine Rolls On

From the APP: Property tax relief? Not in sight in NJ (Warning annoying autoplay video) Tax relief doesn’t appear to be on the way anytime soon for New Jersey residents — in fact, top state lawmakers meeting here Wednesday spent … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 138 Comments

Bend Over NJ

From the Star Ledger: N.J. taxes second-worst in U.S., Forbes says New Jerseyans already know it to be true, but a Forbes analysis of state-by-state tax burdens places the Garden State near the top of its “Worst States for Taxes” … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 93 Comments

Weekend Legal Discussion – Hospitals should pay property taxes

For the lawyers, from Lexology: Pretty sure that hospitals and doctors don’t need to have subsidized property taxes. New Jersey Tax Court decision may signal a troubling trend in challenges to non-profit entitie The New Jersey Tax Court’s decision in … Continue reading

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

Sword of Damocles

Nothing but fantastic journalism from the APP, kudos to Paul D’Ambrosio – This is fantastic… WE CAN’T AFFORD NEW JERSEY New Jersey’s regressive property tax system has long drained the wallets of workers and retirees. As the experience of the … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 82 Comments

3 New North Jersey Casinos to Save AC

From the Star Ledger: Lawmakers now want 3 casinos in northern N.J. Several state lawmakers who want to allow casino gambling outside of Atlantic City are now seeking as many as three casinos in northern New Jersey — up from … Continue reading

Posted in Demographics, Economics, New Development, Politics, Property Taxes | 177 Comments

Shut up and pay me…

From the Star Ledger: 7 of the 10 counties in America with the highest property taxes are in N.J., study says It’s no secret that New Jersey homeowners are hit with some of the highest property taxes in the nation. … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 76 Comments

Doesn’t make it any easier to swallow

From Time/Money: 8 Reasons Your Property Taxes Are So Damn High A Monmouth University survey released last fall showed that more than half of New Jersey residents want to leave at some point, with 26% saying that it’s “very likely” … Continue reading

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

Low property taxes outside NJ? Think again

Watch the rest of the country catch up in real time, from Wallethub: Source: WalletHub

Posted in New Jersey Real Estate, Property Taxes | 116 Comments

It ain’t fair

I don’t know who Lawrence Uniglicht is, but he nailed it this morning. Posted in full, from the Daily Record’s Letters section: Feds owe New Jersey more than they’re paying Why is New Jersey jumping through hoops to balance its … Continue reading

Posted in Economics, Politics, Property Taxes, Unrest | 95 Comments

It’s a privilege to pay NJ taxes

From the Record: Bergen’s property taxes among nation’s highest Bergen County homeowners had the fifth-highest average property tax bill in the nation, at $11,159, last year, according to a new survey by RealtyTrac, a California real estate information company. Passaic … Continue reading

Posted in New Jersey Real Estate, Property Taxes, Unrest | 90 Comments