Category Archives: Property Taxes

Commercial property tax appeals slam NJ budgets

Posted on January 11, 2011 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 128 Comments

From the Courier News: Piscataway budgets $500G for tax appeals The township will set aside at least a half million dollars to pay for tax appeals in 2011 as property owners continue to contest their assessments amid a depressed real-estate … Continue reading →

Time to fix Farmland Assessment

Posted on December 10, 2010 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 250 Comments

From the Courier Post: ‘Fake farmers’ avoid paying $82M in taxes Spotty enforcement and an outdated state law allow thousands of landowners to pay pennies on the dollar in property taxes. The Farmland Assessment Act of 1964, intended to preserve … Continue reading →

Property Tax Triptych

Posted on December 9, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 208 Comments

From the Daily Record: When home prices fall, why don’t taxes? A sharp and continued decline in the value of taxable property in Morris County has sent municipal official scrambling to push back the growing number of tax appeals that … Continue reading →

Death and Taxes

Posted on November 7, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 136 Comments

From the Record: North Jersey property taxes rising, again The typical North Jersey homeowner will pay about $375 more in property taxes over the next year — and will get less for the money in many cases, as communities scale … Continue reading →

Jersey residents win back $80 million in appeals

Posted on October 18, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 177 Comments

From the Daily Record: NJ tax appeals produce windfalls for residents, shortfalls for municipalities Property tax assessment appeals are producing windfalls for property owners in New Jersey, returning about $80 million this year to those who won their cases in … Continue reading →

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 | 120 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 →