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Category Archives: Property Taxes
Christie Axes Property Tax Rebate
From the Record: Christie puts off property-tax rebates to ease budget problems Senior citizens, disabled residents and other homeowners who are among the more than a million people enrolled in New Jersey’s Homestead program will not get their property tax … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
106 Comments
Realty Transfer Tax to be eliminated? Yeah right.
From the Star Ledger: In response to Christie, Republican senator plans to introduce bill to end NJ’s realty transfer fees One day after Gov. Chris Christie said he would abolish reality transfer fees in New Jersey if given the chance, … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
90 Comments
Commercial and Residential Tax Appeals Swamp NJ
From NJBIZ: With April 1 deadline looming, N.J. facing surge of property tax appeals With many types of commercial real estate still reeling from the downturn, New Jersey faces a tidal wave of property tax appeals from thousands of weary, … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
93 Comments
A new era for property taxes?
From Bloomberg: New Jersey’s Property Taxes Increased 1.7% Last Year to Record The average property-tax bill in New Jersey, which already has the highest in the U.S., rose 1.7 percent last year, Governor Chris Christie said. More than 80 towns, … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
94 Comments
Good riddance, who needs you anyway…
From the Record: New Jersey lost almost 88,000 taxpayers with income of $5.5 billion to other states in 2010, according to a report by RegentAtlantic Capital LLC, a Morristown-based investment adviser, citing Internal Revenue Service data. About 41 percent of … Continue reading
Posted in Demographics, Economics, Property Taxes
80 Comments
Budget showdown begins
From the Star Ledger: Christie’s new budget could have drastic effect on NJ residents Once Gov. Chris Christie unveils his new budget plan for New Jersey in a Statehouse speech tomorrow, two big issues that have dominated Trenton will likely … Continue reading
Posted in Economics, Politics, Property Taxes
91 Comments
Maplewood homeowner sees tax bill rise $9000 in error
From the Star Ledger: Bamboozled: Property taxes soar after appraiser adds non-existent features to Maplewood home Jerry Auriemma was born and bred in Maplewood. In 1988, before he married, he bought a newly built home in town. The four-bedroom, 2.5 … Continue reading
Posted in New Jersey Real Estate, Property Taxes
144 Comments
You’d be crazy to buy here
From the Star Ledger: Top 30 N.J. towns with heaviest tax burden based on level of taxes compared to income The top 30 most heavily taxed N.J. towns: 30. Magnolia (Camden County) 29. Washington Borough (Warren County) 28. Mount Ephraim … Continue reading
Posted in Demographics, New Jersey Real Estate, Property Taxes
48 Comments
Thinking FHA? You may be overpaying for your loan.
From the NYT: The Downside to F.H.A. Loans Mortgages insured by the Federal Housing Administration are the go-to product for borrowers who don’t have much cash for a down payment. But the required mortgage insurance premiums have become so costly … Continue reading
Posted in Economics, Mortgages, National Real Estate, Property Taxes
62 Comments
Property Taxes Under Christie? Not So Good
From the Star Ledger: Property tax burden up 13 percent under Christie, AP analysis shows The net household property tax burden in New Jersey rose 13 percent during Gov. Chris Christie’s first three years in office — a number that … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
82 Comments
NJ property tax increases slow, but still higher
From Bloomberg: New Jersey Property Taxes Rise to Record as Growth Slows New Jersey’s average residential property-tax bill rose 1.6 percent to a record $7,885 last year as most towns abided by Governor Chris Christie’s 2 percent cap on the … Continue reading
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes
138 Comments
Hey Rich New Jersey – PAY UP!
From the Record: Jackson: If D.C. reform kills property tax write-offs, N.J. will feel the pain Several deductions that help offset the high cost of housing in North Jersey and the property taxes that come with it may be scaled … Continue reading
Posted in National Real Estate, Politics, Property Taxes
84 Comments
Think you escaped Sandy? Think again.
From Reuters: In New Jersey, spared by Sandy but paying the price in taxes Philip Checchia’s home in Barnegat, New Jersey, escaped undamaged from Hurricane Sandy in October, but the 67-year-old is bracing for a different kind of storm damage … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
65 Comments
Thank the Rich
From NJ Spotlight: Christie’s Luck: Income Tax Surge Bails Out Budget Three months ago, Gov. Chris Christie’s budget was in deep trouble. His revenue forecasts for FY2012 and FY2013 had come up a total of $750 million short. Standard & … Continue reading
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes
131 Comments
Merry Christmas, Bend Over.
From the APP: Sandy’s gift for 2013: Tax hikes During the first two years of Matthew Doherty’s term as the mayor of Belmar, unwelcome outcomes came up zeroes: no layoffs, no gimmicks and, most important, no tax increases. But with … Continue reading
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes
47 Comments