Category Archives: Property Taxes

Would someone please think of the $550k a year families. They are not rich.

From the Star Ledger: 96% of N.J. residents would get their full property tax break restored under this Senate plan Efforts to restore the full federal deduction for state and local taxes have run into opposition from some Senate Democrats who want … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 224 Comments

$931,698 – What the average NJ resident will pay in taxes over their life

From NJ101.5: New Jersey residents pay the most taxes over a lifetime The governor downplays it and the media, the PR arm of the Democrat Party, seem to ignore it. Taxes are and have been the biggest concerns of most … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes | 86 Comments

Paying taxes in the Sunshine State

From the Star Ledger: With no SALT deduction, should I move to Florida? There’s no question that taxes across the board are high in New Jersey when compared with other states, and that most taxes in Florida are lower. To … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 166 Comments

NJ is the state for them!

From Patch: Every NJ Town’s Average Property Tax Bill In New 2021 List Tavistock Borough, Camden $30,328 Millburn Township, Essex $24,370 Mountain Lakes Borough, Morris $21,625 Tenafly Borough, Bergen $21,552 Demarest Borough, Bergen $21,377 Glen Ridge Borough, Essex $21,214 Rumson … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes | 101 Comments

Halfway there

From MSN: House Bill Raises SALT Tax Cap; Senate Still To Vote Among the items passed by the House of Representatives Friday morning in the Build Back Better Act was an increase in the state and local tax (SALT) cap. … Continue reading

Posted in National Real Estate, Politics, Property Taxes | 66 Comments

“I really look forward to Republicans attacking me on restoring the SALT deduction for homeowners in my district”

From the Star Ledger: Biden bill to bring back property tax deduction for most N.J. homeowners Following President Joe Biden’s signature Monday on a $1 trillion bipartisan infrastructure bill, the House later this week is expected to turn its attention to … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 264 Comments

NJ (closer to) getting SALT tax relief

From CNN: Congress passes $1.2 trillion bipartisan infrastructure bill, delivering major win for Biden Congress has passed a $1.2 trillion bipartisan infrastructure bill, delivering on a major pillar of President Joe Biden’s domestic agenda after months of internal deliberations and painstaking … Continue reading

Posted in Economics, Politics, Property Taxes | 90 Comments

Mansions or Middle Class?

From the Star Ledger: Your N.J. property tax break would be restored under Biden spending bill New Jersey homeowners would be allowed to deduct the full amount of their property taxes for the next five years under a provision expected … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes | 245 Comments

Great time to be a landlord in NJ

From the Record: Tangled relationship: Renters stop paying amid pandemic, forcing small landlords into bind Elena Walczyk had a buyer lined up to purchase the mobile home in Cape May County that she and her husband had rented out for years. But … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 148 Comments

Everything wrong with NJ, summed up.

From Jersey Digs: Orange City Council Ignores all Budget Cut Suggestions, Voting to Raise Property Taxes The Citizens Budget Advisory Committee (CBAC), a nine-member board comprised of local business professionals, opposed the 6.35 percent increase in the municipal budget, proposing … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 454 Comments

The Exodus

From CNBC: People couldn’t wait to leave this state in 2019 Blame it on brutal winters, high taxes or the New Jersey Turnpike: The Garden State is the last place where people want to be. More than two-thirds of all … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 114 Comments

SALT Cap not long for this world?

From CNBC: House passes bill to lift $10,000 cap on state and local tax deductions The Democratic-controlled House passed a bill on Thursday that would do away with the $10,000 limit on the itemized deduction for state and local taxes … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 46 Comments

Democrats lose NJ

From the Star Ledger: How Gov. Murphy helped Republicans win Assemblyman Jon Bramnick, the Republican leader, says he is grateful that Gov. Phil Murphy engaged so heavily in this week’s election because it helped Republicans like him win close races. “Did Murphy … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 145 Comments

Hey New Jersey – Here’s what Trump did to your home values

From ProPublica: Trump’s Trillion-Dollar Hit to Homeowners

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 45 Comments

Why NJ is f*cked

From the Star Ledger: N.J. is facing a $1.2B public-worker pension time bomb In the waning days of his administration, Gov. Chris Christie left his successor Phil Murphy a parting gift, of sorts. For years, New Jersey had assumed its public pension fund would … Continue reading

Posted in Economics, Politics, Property Taxes, Unrest | 85 Comments