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Category Archives: Property Taxes
If you have to ask…
From Newsweek: Map Shows States With Highest Hidden Housing Costs The average annual cost of owning and maintaining a single-family home now exceeds $18,000, according to a new study. Homeownership is often considered a pathway to building wealth, but the ongoing … Continue reading
Home price jackpot? Think again.
From the NYT: How Much Higher Are Your Post-Pandemic Property Taxes? The median price for a single-family home in the United States rose about 40 percent from 2019 to 2022, peaking at $480,000 before receding to about $417,000 at the … Continue reading
Say YES! to $56k in property taxes
From the Record: Daybreak, an updated 100-year-old brick mansion in Montclair, hits market for $7.5M
Posted in New Jersey Real Estate, Property Taxes
26 Comments
Taxes Up!
From News12: Gov. Murphy seek $55.9B New Jersey budget, increasing education aid, boosting biz taxes to fund transit Gov. Phil Murphy on Tuesday unveiled a $55.9 billion budget, up about 5% over his previous year’s proposal, calling for nearly $1 … Continue reading
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes
97 Comments
Blame taxes for the inventory?
From CNN: Boomers are not moving out of their big homes. Here’s why After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California. … Continue reading
Posted in Demographics, Economics, Housing Bubble, Politics, Property Taxes
94 Comments
Don’t let the money leave
From ROINJ: Murphy appoints new task force designed to cut property bills in half for New Jersey seniors A new task force charged with cutting property tax bills in half for New Jersey seniors has been created, according to a … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
146 Comments
All your money are belong to us
From CNBC: These are the U.S. states with the highest property taxes—New York and California aren’t in the top 10
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes
46 Comments
NJ Shutdown Ahead
From Insider NJ: Murphy Unlocks the Nuclear Launch Codes Skipping over the preliminaries — meetings, discussions, negotiations or compromises with legislative leaders — Gov. Phil Murphy went directly to the nuclear option— shutting down state government on July 1 if … Continue reading
Posted in Demographics, New Jersey Real Estate, Politics, Property Taxes
66 Comments
One again, f&ck you, pay me.
From ScotusBlog: Justices appear likely to side with homeowner in foreclosure dispute Geraldine Tyler, a 94-year-old grandmother, lost her Minneapolis condo when she failed to pay the property taxes for several years. Tyler does not dispute that Hennepin County could … Continue reading
Posted in National Real Estate, Property Taxes
40 Comments
Billion Dollar Jersey Stimulus?
From TAP: Nearly 1.7 Million New Jerseyans Applied for the ANCHOR Property Tax Relief Program Approximately 1.7 million New Jersey homeowners and renters applied for the first year of the State’s historic ANCHOR property tax relief program, announced Governor Phil … Continue reading
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes
43 Comments
We’re spending more … for you!
From Politico: Murphy outlines $53B plan for ‘Next New Jersey’ in budget speech Gov. Phil Murphy on Tuesday outlined a $53.1 billion budget that supports what he calls the “Next New Jersey” as the state faces the prospect of a recession after … Continue reading
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes
65 Comments
You should be happy to pay NJ taxes
From Patch: NJ Has Nation’s Highest Property Taxes, By A Long Shot: Report Life in New Jersey tends to guarantee two things: death and high property taxes. The Garden State pays the nation’s highest rate on property taxes by a … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
98 Comments
Hybrid NJ
From NorthJersey.com: ‘Working remotely is here to stay’: NJ considering new tax break for hybrid offices New Jersey officials say they’re contemplating a new tax break designed to lure companies interested in having their staff work from home rather than in the … Continue reading
Posted in Economics, Employment, New Jersey Real Estate, Property Taxes
57 Comments
How to lower your NJ property taxes
From the Philly Inquirer: Ivana Trump is buried at Donald Trump’s New Jersey golf club. Could that mean a tax break for the former president? Ivana Trump’s death grabbed international headlines, but her New Jersey burial place is now garnering … Continue reading
Posted in New Jersey Real Estate, Property Taxes
54 Comments
Relief?
From the Record: New Jersey taxpayers won’t find relief in Phil Murphy’s budget Gov. Phil Murphy and Democrats in the state legislature are lauding themselves for providing relief and improving New Jersey’s economy with their recently passed state budget. Neither … Continue reading