Category Archives: Property Taxes

Jersey benefits most from SALT cap increase

Posted on July 2, 2025 by grim

From Axios: Some homeowners could see tax breaks if Trump’s bill passes

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 61 Comments

Sorry Millionaires

Posted on June 30, 2025 by grim

From WHYY: Why are New Jersey housing costs continuing to rise — and who should pay for affordable housing? On Monday, the New Jersey Legislature is expected to give final approval to the state’s fiscal year 2026 spending plan. The $58.8 … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 76 Comments

Expensive houses going to get even more expensive

Posted on June 2, 2025 by grim

From NJ Spotlight News: As housing prices rise, Murphy wants a tax increase With housing prices rising steadily and aggravating affordability concerns, Gov. Phil Murphy wants to hike fees levied on New Jersey’s priciest real estate sales, a tax increase … Continue reading →

Posted in Demographics, Housing Bubble, New Jersey Real Estate, Politics, Property Taxes | 107 Comments

Pass the salt, please

Posted on May 17, 2025 by grim

From the Realtors: These High Tax States Could Benefit the Most From Higher SALT Deduction There’s a new bill in Washington that’s become the subject of some ugly debate. In a surprising twist, the fate of the current House Republican … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 76 Comments

High property taxes = high rents

Posted on May 12, 2025 by grim

From NorthJersey.com: AI didn’t break New Jersey’s housing market. Politicians did | Opinion On April 23, New Jersey’s Attorney General Matthew Platkin filed a lawsuit targeting AI-driven pricing software using in the housing market, alleging it enables landlords to collude and drive … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate, Property Taxes | 82 Comments

Congrats on paying the most taxes

Posted on May 10, 2025 by grim

From the Real Deal: Illinois and New Jersey lead U.S. in highest property tax rates for homes in 2024 Illinois and New Jersey recorded the highest effective property tax rates on single-family homes in 2024, of 1.87 percent and 1.59 … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 40 Comments

NJ Property Taxes – Uncapped Liability

Posted on April 1, 2025 by grim

From the Star Ledger: Struggling N.J. school district wants to raise taxes 36% in ‘shocking’ move  Local officials are facing off in Plainfield after the city’s board of education proposed raising local school property taxes by 36% — the district’s … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 139 Comments

Run Boomer Run

Posted on March 23, 2025 by grim

From Newsweek: Map Shows States Baby Boomers Are Fleeing From Ian Kennedy, a data scientist at JBREC, created a chart identifying where the highest property taxes in the country were in 2023, the latest data made available by the U.S. … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate, Property Taxes | 25 Comments

Taxes don’t make things better?

Posted on March 11, 2025 by grim

From NJ Business Magazine: 80% of CPAs Concerned NJ Budget Will Leave Economy Worse Eighty percent of the 350 certified public accountants (CPAs) surveyed by the New Jersey Society of Certified Public Accountants (NJCPA) after Gov. Phil Murphy proposed his $58.1 … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 65 Comments

NJ going to cost you a little more next year

Posted on March 3, 2025 by grim

From the Star Ledger: You won’t believe what N.J. is trying to tax now. Here’s the full list.  The list of taxes and fee changes in the proposed budget include: Brand-new taxes: The state anticipates collecting $277 million by taxing go-cart … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 121 Comments

NJ Wealth Tax

Posted on February 28, 2025 by grim

From northjersey.com: Is Murphy’s proposal to increase NJ’s ‘mansion tax’ a good thing? Experts have concerns Gov. Phil Murphy’s 2026 fiscal year budget proposal includes $1.2 billion in new sales taxes and fees on things like alcohol, warehouse truck traffic, drones and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 268 Comments

Don’t come here

Posted on February 19, 2025 by grim

From the Record: Property taxes in NJ are still the nation’s most expensive. Property taxes are a thorn in the side of homeowners. While many of us wish we didn’t have to pay them, we don’t have a choice. Just … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 188 Comments

What’s it really cost to live here

Posted on November 29, 2024 by grim

From NJ Digest: NJ Residents Pay More in Taxes Than Anywhere in Nation, New Study Finds  New Jersey residents will pay more in taxes over their lifetimes than those in any other state, according to a recent study by Self Financial. … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 76 Comments

If you have to ask…

Posted on June 11, 2024 by grim

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 →

Posted in Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 83 Comments

Home price jackpot? Think again.

Posted on March 28, 2024 by grim

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 →

Posted in National Real Estate, New Jersey Real Estate, NYC, Property Taxes | 61 Comments