Category Archives: Property Taxes

“The state will be short more than $3 billion next year. Go cut your budgets.”

Posted on October 17, 2007 by grim

From the Philly Inquirer: Corzine’s early shot may mean fiscal war With Halloween just around the corner, the governor of New Jersey is sending a shiver through the state. He may not have been dressed the part, but Gov. Corzine … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 1 Comment

NJ facing $3.5b budget gap

Posted on October 9, 2007 by grim

From the AP: NJ Budget Woes Loom New Jersey Gov. Jon S. Corzine on Tuesday said the state could be facing a budget deficit as large as $3.5 billion next year. A deficit that large could require the state to … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 10 Comments

The tax man giveth, the tax man taketh away

Posted on October 9, 2007 by grim

From the AP: Property tax rebates must be reported on federal tax returns New Jersey may have just delivered the largest amount of property tax relief ever to beleaguered homeowners, but that won’t stop the taxman from coming next spring … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 9 Comments

Smoke and mirrors

Posted on October 9, 2007 by grim

From the Courier Post Online: Don’t let tax rebate purchase your vote Voters must remember the whole truth about the property-tax relief checks they’ve recently received. Over the last few weeks, about 2 million New Jerseyans got a pleasant surprise … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 141 Comments

“The reality is that New Jersey is deep in a financial hole”

Posted on October 8, 2007 by grim

From the Times Trenton: State can’t afford to drag feet on debt The continuing barrage of numbers reflecting the amount of money New Jersey needs to meet its basic responsibilities has become mind-numbing. Almost weekly, a new report arrives from … Continue reading →

Posted in Economics, Property Taxes | Comments Off on “The reality is that New Jersey is deep in a financial hole”

High on taxes

Posted on October 4, 2007 by grim

From Forbes: America’s Priciest Property Taxes After navigating a tight credit market and securing a home loan, a big property tax bill really hurts. And nowhere is it felt more than in New York and New Jersey, where residents pay … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 2 Comments

Can we afford to fix our crumbling infrastructure?

Posted on September 26, 2007 by grim

From the Associated Press: Engineers: NJ Infrastructure Crumbling New Jersey’s infrastructure is barely making the grade, with major problems looming, civil engineers said Monday as they estimated the state will need to spend billions to repair decaying transportation and water … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 6 Comments

New Jersey #1!

Posted on September 13, 2007 by grim

From Reuters: NY, NJ pay highest property taxes: study New Jersey and New York state residents paid the highest property taxes in the country in 2006, as much as $6,500 more than the national median, according to a report released … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 2 Comments

How will NJ cope?

Posted on September 5, 2007 by grim

From the WSJ: Housing Slump Strains Budgets Of States, Cities By AMY MERRICK September 5, 2007; Page A1 Tremors from the housing market’s slump are straining the budgets of state and local governments from coast to coast, sending officials scrambling … Continue reading →

Posted in National Real Estate, Property Taxes | 3 Comments

“Like a cash-strapped shopaholic reaching for a credit card”

Posted on August 24, 2007 by grim

From NorthJersey.com: N.J. needs $2B loan to pay its bills By ADRIENNE LU Friday, August 24, 2007 Like a cash-strapped shopaholic reaching for a credit card before payday, New Jersey is planning to borrow $2 billion to cover expenses over … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 6 Comments

“What do you do after that?”

Posted on August 23, 2007 by grim

From the Herald News: Senior’s cherished home going on block If the reasons Theresa Skibicki had to sell her house were lined up like a row of dominos, the latest tax bill gave those tiles a mighty push. The 76-year-old … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 3 Comments

Windfall for libraries

Posted on August 20, 2007 by grim

From the Courier Post: Funding’s too good for some libraries Far from crying poverty, public libraries in some well-to-do New Jersey shore towns may be getting too much of a good thing. The booming shore real-estate market combined with a … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 1 Comment

Higher tolls or taxes?

Posted on August 15, 2007 by grim

From the Bridgeton News: Voters prefer higher tolls to higher taxes Most voters oppose raising tolls to pay off state debt, but they may be willing to budge if faced with the prospect of paying higher property taxes, according to … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 4 Comments

Where o’ where will we find $7b?

Posted on August 10, 2007 by grim

From the Record: Cost to fix N.J. bridges: $7B It will cost up to $7 billion to fix hundreds of deteriorating bridges throughout New Jersey, Governor Corzine said Thursday. Findings from an interim report by the state Department of Transportation … Continue reading →

Posted in Politics, Property Taxes | 3 Comments

“I wish there were more”

Posted on August 1, 2007 by grim

From the AP: Towns predict tax hikes, service cuts after aid cut New Jersey municipalities predicted property taxes would increase and local services would be cut after the state announced today it was doling out less special state aid to … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 4 Comments