Category Archives: Property Taxes

Why Trump’s tax plan will make housing even more unaffordable

There appears to be some thought that home prices on the coasts are elevated or subsidized through the use of the Mortgage Interest deduction (MID) and State and Local Tax (SaLT) deductions. These two deductions, either alone or together, artificially … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 124 Comments

Where will Trump’s tax policy hurt most in NJ

From NJ Spotlight: INTERACTIVE MAP: TRACKING SALT DEDUCTIONS ACROSS THE STATE The loss of the federal income tax deduction for state and local taxes paid would mean a loss of about $21,500 in write-offs for the average New Jersey taxpayer. … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 119 Comments

NJ’s “middle class” about to be slaughtered

From the APP: Trump tax plan kills key deductions, wallops NJ homeowners New Jersey taxpayers would lose key deductions under a proposal unveiled this week by President Donald Trump: property taxes and state income taxes, experts said. The tax reform … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 141 Comments

School are shrinking – why aren’t taxes dropping?

From RT40: Mapping New Jersey’s Shrinking School Districts More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 51 Comments

NJ’s Non-gentrified Urban Future

A glimpse into what NJ’s urban future will look like. Ever increasing property taxes will create a situation where the urban poor can no longer afford to even pay their property taxes, leading to property tax foreclosures in massive numbers. … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate, Property Taxes | 25 Comments

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