Category Archives: Property Taxes

And they think this charitable contribution scheme has a chance?

From the Star Ledger: IRS action on prepaid property taxes slammed as ‘naked political payback’ against N.J. New Jersey Rep. Bill Pascrell Jr. and other Democrats on Monday accused the Internal Revenue Service of “naked political payback” for refusing to … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 84 Comments

Will it work?

From Bloomberg: New Jersey Senate Passes Charitable Tax Workaround New Jersey residents might be able to avoid federal deduction limits on property taxes by converting them to a charitable contribution under a proposal the state Senate approved Feb. 26. S.B. … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 146 Comments

Fulop – From Darling to Demon

From the Jersey Journal: Jersey City residents protest tax reval: ‘You’re taking our homes away from us’ Dozens of Downtown residents protested outside City Hall today to call attention to exorbitant tax increases they could see as a result of … Continue reading

Posted in Economics, Gold Coast, Politics, Property Taxes | 25 Comments

Governor who?

From NJ Spotlight: SWEENEY FORGES AHEAD WITH STATE TAX POLICY REVIEW, NO INPUT FROM MURPHY TEAM Major changes to the federal tax code recently enacted in Washington, D.C. may have significant and unexpected impact on the state economy, according to … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 67 Comments

NJ’s tax scheme … will fail

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments

Downtown JC going to pay up

From the Jersey Journal: 10 homes socked with huge tax hikes thanks to Jersey City reval Jersey City is conducting its first complete property revaluation since 1988 and the new assessments have started rolling in. Appraisal Systems, the company hired … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 74 Comments

We like it here … but

From the Star Ledger: N.J. is a good place to live but the taxes stink, residents say New Jerseyans are conflicted. A vast majority love their neighborhoods and most say the state is a good place to live, according to … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 111 Comments

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