Category Archives: Property Taxes

Realty Transfer Tax to be eliminated? Yeah right.

Posted on April 17, 2014 by grim

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

Posted on March 31, 2014 by grim

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?

Posted on March 14, 2014 by grim

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…

Posted on March 6, 2014 by grim

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

Posted on February 24, 2014 by grim

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

Posted on January 27, 2014 by grim

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

Posted on January 17, 2014 by grim

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.

Posted on December 7, 2013 by grim

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

Posted on September 23, 2013 by grim

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

Posted on May 15, 2013 by grim

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!

Posted on May 13, 2013 by grim

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.

Posted on April 11, 2013 by grim

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

Posted on March 12, 2013 by grim

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.

Posted on December 24, 2012 by grim

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

Paying the Sandy Tax

Posted on November 14, 2012 by grim

From Bloomberg: Christie Says Damage Costs From Sandy Outside Tax Cap New Jersey Governor Chris Christie said property owners in areas devastated by Superstorm Sandy may face higher tax bills, as local governments exceed his 2 percent cap on annual … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes | 172 Comments