Category Archives: Property Taxes

Moody’s: No quick recovery for New Jersey, will lag the nation

Posted on August 10, 2009 by grim

From the Philly Inquirer: Moody’s offers mixed economic outlook for N.J. When Moody’s Investors Service released a mixed report on New Jersey’s financial outlook last week, Republicans seized the opportunity to argue that the state’s financial glass was half empty. … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes | 209 Comments

Paying property tax? Appeal!

Posted on August 6, 2009 by grim

From the NYT the local Blog: An Appeal for a Better Real Estate Tax System Property taxes in New Jersey are the highest in the nation by percent of a homeowner’s income and by just about any other measure. In … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 235 Comments

$8 $10 Billion in the Hole

Posted on July 22, 2009 by grim

From the Courier Post: N.J. faces $10B deficit next year, report says New Jersey faces a projected budget deficit of $8 billion in its next fiscal year, as well as a shortfall of more than $2 billion in its unemployment … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 216 Comments

School budget time!

Posted on April 21, 2009 by grim

From Bloomberg: Tax-Weary New Jersey Residents May Reject More School Budgets New Jersey residents may reject a greater percentage of school budgets than last year when they go to the polls today amid dissatisfaction with rising property taxes that are … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 359 Comments

Cut, borrow, or tax to bridge the gap?

Posted on April 7, 2009 by grim

From the Philly Inquirer: New Jersey faces “historic” tax-revenue drop New Jersey is facing a “historic tax-revenue collapse” that could leave the state with a $100 million deficit by the end of the next fiscal year. That was the assessment … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 183 Comments

Last one out, turn off the lights.

Posted on March 25, 2009 by grim

From the Jersey Journal: MAYOR CAN’T HANDLE TRUTH IN ADVERTISING Mayor Dave Roberts pulled out the political big guns yesterday to take down a billboard that offended him. Jersey City real estate firm Metropolitan & Waterfront Residential Brokerage paid for … Continue reading →

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

Corzine: Wealthy towns to lose state aid

Posted on March 13, 2009 by grim

From the Record: Towns to lose more than $32M in state aid, Corzine says The Corzine administration was the bearer of bad news again today when it told towns they will lose more than $32 million in state aid next … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 177 Comments

DOWTAX 7000!

Posted on March 12, 2009 by grim

From the Record: Property taxes by the numbers Residential property taxes in New Jersey rose by just 3.7 percent last year but topped $7,000 for the first time, a new state report says. The increase in property taxes is the … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 106 Comments

Taxzine contemplates eliminating property tax deductions

Posted on March 11, 2009 by grim

From the Record: Budget could deal middle-class homeowners a painful double whammy The budget Governor Corzine unveiled Tuesday calls for eliminating property tax deductions on state income taxes next year, raising about $420 million to help balance a painful spending … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 302 Comments

Will he cut or will he borrow?

Posted on March 9, 2009 by grim

From the Record: Where will governor find $4B in cuts? Governor Corzine is preparing a new state budget that will reduce spending to below $30 billion for the first time since 2006. The budget, which Corzine will present Tuesday to … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 286 Comments

Want lower property taxes? Leave.

Posted on March 4, 2009 by grim

An opinion piece from the Hammonton News: 2006 property tax relief was only a mirage The state is between a rock and a hard place. On one hand, tax revenues are way down, and the state faces a $6 billion … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 225 Comments

The End of Farmland Assessment?

Posted on February 9, 2009 by grim

From the Asbury Park Press: Plug farm tax loopholes A pair of bills being drafted by state Sen. Jennifer Beck, R-Monmouth, that would revise farmland assessment laws would help keep New Jersey’s agriculture industry productive while preventing wealthy landowners from … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics, Property Taxes | 302 Comments

Sugar-coated State

Posted on January 14, 2009 by grim

From the Philly Inquirer: Editorial: N.J. Budget – ‘Ugly choices’ Gov. Corzine, who is running for reelection this year, tried to season his “state of the state” address with optimism yesterday. But voters dealing with their own financial problems don’t … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 123 Comments

Tough decisions… Painful cuts…

Posted on January 7, 2009 by grim

From the Daily Journal: New Jersey cuts will hurt homeowners Gov. Jon S. Corzine wants to cut school aid by $75 million and aid to cities by $15 million to help close a $2.1 billion budget gap. There’s no question … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 206 Comments

“It’s about as bad as we’ve seen in several decades”

Posted on December 29, 2008 by grim

From the Daily Record: Economic woes loom large as N.J. closes ’08 It’s a bad sign when mild-mannered nonpartisan legislative analysts start measuring the depth of the state’s budget problems by how many decades back you have to look to … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 309 Comments