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Category Archives: Property Taxes
Deeper into the hole we go
From the Daily Record: State revenues continue to fall short State revenues continue to fall below projections, putting New Jersey in potentially tighter budget squeeze. A new analysis by the nonpartisan Office of Legislative Services predicts that taxes and other … Continue reading
Posted in National Real Estate, Politics, Property Taxes
333 Comments
“I’m afraid I might lose my home because of this”
From the Star Ledger: Irvington residents are reeling from 17 percent tax hike A 17 percent municipal tax increase here has given rise to resident anger in recent days as the township’s quarterly bills began arriving in mailboxes. Although the … Continue reading
Posted in New Jersey Real Estate, Property Taxes
191 Comments
2.5% Cap – But will it pass?
From the Philly Inquirer: Christie urges sweeping changes to cap property taxes Gov. Christie unveiled a sweeping package of proposals Monday aimed at solving the state’s “property-tax crisis,” minutes after Democratic legislative leaders proposed reinstating an income-tax surcharge on residents … Continue reading
Posted in New Jersey Real Estate, Property Taxes
396 Comments
No worries, we’ll make it up in property taxes
From the Press of Atlantic City: Atlantic City suffers biggest 2009 revenue decline among nation’s gaming markets The nation’s commercial casino industry experienced a slump in jobs, revenue and tax receipts in 2009, with Atlantic City suffering the most among … Continue reading
Posted in Property Taxes
546 Comments
¡Viva la Revolución!
From Investor’s Business Daily: Ready To Revolt In New Jersey? Two states in particular, New Jersey and New York, could use a version of California’s much-maligned Proposition 13. Without it, they might start seeing the middle class squeezed out of … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
385 Comments
Bend Over NJ
From Bloomberg: Christie’s Cuts May Push N.J. Property Tax Up 8% New Jersey property tax bills, the highest in the U.S., may rise an average of $600 to make up for Governor Chris Christie’s proposed cuts in school and municipal … Continue reading
Posted in New Jersey Real Estate, Property Taxes
540 Comments
“The West Orange Line”
From the Star Ledger: Take my house, please: Property taxes crushing residents in towns like West Orange Rosary Morelli has been living in West Orange since 1963. To hear her tell it, she’ll be lucky to get out alive. “I … Continue reading
Posted in New Jersey Real Estate, Property Taxes
282 Comments
Pay up, suckers.
From the NYT: N.J. Voters Asked to Pay More for Less at Schools School budget talks have become so contentious in this township that 700 people recently packed a school board meeting — and 100 of them stayed more than … Continue reading
Posted in New Jersey Real Estate, Property Taxes
600 Comments
Hole just got deeper
From Bloomberg: New Jersey Taxes $250 Million Behind Christie Plan New Jersey will get about $250 million less revenue than Governor Chris Christie projected for this fiscal year and next because of lagging retail sales taxes, according to a copy … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
403 Comments
An actual “virtual tsunami of tax appeals”
From the Record: Commercial properties’ slump could slam homeowners The commercial real estate slump may be dragging down landlords’ rental incomes, but it may also help reduce their tax bills. Faced with values that have plunged over the last two … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
358 Comments
Shared Sacrifice
From the Record: Property tax rebates may vanish this year Property tax bills in New Jersey have gone up 56 percent since 2001. But the rebate checks that once offset those bills by as much 20 percent may vanish this … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
502 Comments
If schools suffer, are NJ homes worth the price and taxes?
From the Star Ledger: N.J. school district officials say Gov. Chris Christie budget cuts will force program, staff cuts Gov. Chris Christie sent suburban and urban school districts reeling today with the release of district-by-district state aid figures that cut … Continue reading
Posted in New Jersey Real Estate, Politics, Property Taxes
597 Comments
Huh? Christie? Kicking the can already?
From Bloomberg: Christie Seeks to Suspend N.J. Tax Rebate, Skip Pension Payment New Jersey Governor Chris Christie proposed a $29.3 billion budget that would suspend property-tax rebates, skip the state’s $3 billion pension contribution and fire 1,300 workers next year. … Continue reading
Posted in New Jersey Real Estate, Property Taxes
467 Comments
Controlling Out Of Countrol Property Taxes
From the Philly Inquirer: Christie to propose cap on property-tax hikes Gov. Christie will propose a constitutional amendment to cap property-tax increases at 2.5 percent per year in his budget speech tomorrow, hoping to hold down the levies that have … Continue reading
Posted in New Jersey Real Estate, Property Taxes
513 Comments
Exquisite Handcuffs
From Bloomberg: N.J.’s Christie Says Layoffs Out for Cutting Budget New Jersey Governor Chris Christie said he’s unable to lay off or furlough unionized state workers to help close an $11 billion budget gap. Christie, speaking at a town hall … Continue reading
Posted in Economics, New Jersey Real Estate, Property Taxes
515 Comments