Category Archives: Property Taxes

So what’s in store for NJ?

From the APP: Real estate forecast: Partly sunny, with mix of clouds How would you characterize the health of New Jersey’s residential housing market, from the perspective of homeowners and potential home buyers and sellers? In a word, uncertain. The … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Property Taxes | 90 Comments

Taxing to fix the tax problem

From City Journal: New Jersey’s Tired Tax Tricks “New Jersey needs tax reform to guarantee relief from soaring taxes.” That was the plea Brendan Byrne, a Democratic former governor of the Garden State, made 43 years ago to a group … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 156 Comments

Looks like we got a loophole

From Bloomberg: State Tax Workarounds Could Mean $154 Billion Lost to Treasury New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax. If California followed the same approach, its … Continue reading

Posted in New Jersey Real Estate, NYC, Politics, Property Taxes, Unrest | 87 Comments

NJ about to become more affordable

From the Record: Wall Street warns New Jersey home values could tumble 7.5 percent A pair of federal and state tax policy decisions could deliver a double whammy to New Jersey and its homeowners, a Wall Street credit-rating agency warned … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 80 Comments

Parting shot or return to ugly reality?

From Pensions and Investments: Fiscal woes greeting N.J. governor New Jersey’s Republican state treasurer sharply reduced the New Jersey Pension Fund’s assumed rate of return, producing a financial and political dilemma for Gov.-elect Phil Murphy, a Democrat, who will be … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 109 Comments

Loopholes and tax cuts

From the NYT: Democrats in High-Tax States Plot to Blunt Impact of New Tax Law Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 120 Comments

Stick it to Trump by paying early?

From the Star Ledger: Christie orders N.J. towns to accept 2018 property tax prepayments New Jerseyans rushing to their town halls this week in hopes of immediately paying next year’s property tax bills before the new federal tax law kicks … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 85 Comments

Will NJ home prices fall?

From NJTV: Tax reform throws NJ real estate market into period of uncertainty The president gathered a crowd outside the White House to celebrate the new tax plan last week. Republicans cheered the new order, but across New Jersey homeowners … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 170 Comments

Give NJ even more money?

From NJBIZ: New Jerseyans need to prepay real estate, local taxes before year’s end, say accountants New tax reform laws could spur New Jerseyans – retirees in particular – to sell their homes and move into rental spaces, according to … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 169 Comments

Hey Murphy – want to stick it to Trump?

From Bloomberg: These Are the Tricks States May Use to Get Around the SALT Deduction Exploiting tax loopholes is a sport associated with rich people and their fancy accountants. State governments may have to start getting fancy, too. Republican Senate … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 185 Comments

Do or die time

From NJBIZ: NJ’s challenged suburban economy is now in crisis courtesy of Congress New Jersey is the most suburban state in the nation, which means plenty of malls and office parks. Not too long ago these properties helped make New … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Property Taxes | 107 Comments

MacArthur a hero for NJ, or not?

From the Washington Post: The GOP’s $10,000 cap on property tax deductions and how it affects one congressional district “According to data direct from the IRS, allowing property tax deductions up to $10,000 — which I fought for and won … Continue reading

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

One step closer

From CNBC: Senate GOP clears another hurdle on the way to tax reform vote The Senate moved Wednesday to start debate on the Republican tax bill, a key step toward a vote this week to dramatically change the American tax … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 100 Comments

So what happens to New Jersey?

From ROI NJ: Murphy’s plans, GOP’s ideas could hasten migration from N.J. While raising the minimum wage and increasing the millionaires tax are two goals for Gov.-elect Phil Murphy, two Republican tax bills currently making their way through the federal … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 72 Comments

Homeownership to rise?

From the Washington Examiner: White House analysis: Tax bill will slightly decrease home prices, but boost homeownership The tax legislation working its way through Congress would only slightly lower home values and could boost homeownership, according to a new analysis … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 87 Comments