Category Archives: Property Taxes

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 →

“I’m afraid I might lose my home because of this”

Posted on May 19, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 191 Comments

From the Star Ledger: Irvington residents are reeling from 17 percent tax hike A 17 percent municipal tax increase here has given rise to resident anger in recent days as the township’s quarterly bills began arriving in mailboxes. Although the … Continue reading →

2.5% Cap – But will it pass?

Posted on May 11, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 398 Comments

From the Philly Inquirer: Christie urges sweeping changes to cap property taxes Gov. Christie unveiled a sweeping package of proposals Monday aimed at solving the state’s “property-tax crisis,” minutes after Democratic legislative leaders proposed reinstating an income-tax surcharge on residents … Continue reading →

No worries, we’ll make it up in property taxes

Posted on May 7, 2010 by grim
Posted in Property Taxes | 546 Comments

From the Press of Atlantic City: Atlantic City suffers biggest 2009 revenue decline among nation’s gaming markets The nation’s commercial casino industry experienced a slump in jobs, revenue and tax receipts in 2009, with Atlantic City suffering the most among … Continue reading →

¡Viva la Revolución!

Posted on May 6, 2010 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 385 Comments

From Investor’s Business Daily: Ready To Revolt In New Jersey? Two states in particular, New Jersey and New York, could use a version of California’s much-maligned Proposition 13. Without it, they might start seeing the middle class squeezed out of … Continue reading →

Bend Over NJ

Posted on April 30, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 540 Comments

From Bloomberg: Christie’s Cuts May Push N.J. Property Tax Up 8% New Jersey property tax bills, the highest in the U.S., may rise an average of $600 to make up for Governor Chris Christie’s proposed cuts in school and municipal … Continue reading →

“The West Orange Line”

Posted on April 21, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 282 Comments

From the Star Ledger: Take my house, please: Property taxes crushing residents in towns like West Orange Rosary Morelli has been living in West Orange since 1963. To hear her tell it, she’ll be lucky to get out alive. “I … Continue reading →

Pay up, suckers.

Posted on April 20, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 600 Comments

From the NYT: N.J. Voters Asked to Pay More for Less at Schools School budget talks have become so contentious in this township that 700 people recently packed a school board meeting — and 100 of them stayed more than … Continue reading →