Category Archives: Property Taxes

Relationship between taxes, services, and debt too complex for Jersey taxpayers to grasp

Posted on October 25, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 103 Comments

Fallacy: The taxes we pay this year, pay for the services we use this year. Taxes will continue to rise because we need to pay for services consumed in earlier years. The amount of taxes paid in a single year … Continue reading →

Stu and Gator single-handedly trigger Montclair reval

Posted on August 17, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 91 Comments

From the Montclair Times: Montclair reassessment will impact all property values All Montclair property owners can expect their property tax assessments to change following a reassessment that’s now in progress, some more than others, the company doing the work told … Continue reading →

The Next Big Issue ™

Posted on June 27, 2011 by grim
Posted in Foreclosures, National Real Estate, Property Taxes | 156 Comments

From HousingWire: Suits allege Fannie, Freddie owe millions in real estate transfer taxes in Michigan Fannie Mae and Freddie Mac are using tax-exempt status to escape county fees levied during the recording of foreclosure property transfers, two Michigan county leaders … Continue reading →

Congrats to Hunterdon!

Posted on May 18, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 154 Comments

From Bloomberg: Hunterdon County, N.J., Has Highest Taxes Residents of New Jersey’s Hunterdon County pay the highest property taxes in the U.S., according to the Tax Foundation. The annual median property tax in Hunterdon, about 60 miles (97 kilometers) southwest … Continue reading →

NJ voters reject cap busting tax increases

Posted on April 28, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 166 Comments

From the Star Ledger: All but two N.J. towns vote to reject raising property taxes over Gov. Christie’s 2 percent cap Voters rejected property-tax increases in 12 municipalities today, while two towns approved special ballots to exceed the new 2 … Continue reading →

High taxes not just for homeowners

Posted on April 7, 2011 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 278 Comments

From the Record: N.J. commercial property owners filing in record numbers In 2007, the Shanahan brothers who own Washington Garage, a small auto repair shop on Main Street in Bergenfield, paid $22,107 in property taxes. After the town conducted a … Continue reading →

“If you have an hour, you can do this”

Posted on March 20, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 102 Comments

From the Courier News: Tax assessment appeals on rise Knowing how to get a property tax bill reduced has made Terri LaPoint one of the most popular people in town. In the past couple of years, the Brielle resident has … Continue reading →

Property taxes continue to skyrocket

Posted on March 16, 2011 by grim
Posted in New Jersey Real Estate, Property Taxes | 201 Comments

From New Jersey Newsroom: 12 N.J. towns look to override Christie’s property tax cap Your property taxes were even worse than you thought last year. New Jersey’s taxpayers paid out nearly $1 billion more on their bills in 2010. The … Continue reading →

The cost of open space

Posted on March 14, 2011 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 219 Comments

From the Star Ledger: In many N.J. towns that undergo revaluations, homeowners end up paying more open space taxes In the nation’s most densely populated state, Garden State residents value their space. But they may not be so thrilled about … Continue reading →

No easy choices for Paterson (The shape of things to come?)

Posted on February 4, 2011 by grim
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 107 Comments

From the Record (Hat tip Gator!): Paterson officials will argue to limit tax increase City officials will travel to Trenton on Monday to plead their case for a lighter municipal tax increase. The state Department of Community Affairs, which must … Continue reading →

Property tax rebates coming back, but can we afford them?

Posted on January 25, 2011 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 37 Comments

From the Star Ledger: Gov. Christie says he will restore N.J. property tax rebates Gov. Chris Christie said today he will restore property tax rebates that were eliminated in the budget last year. “We’re going to reinstitute the rebate this … Continue reading →

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 →