Category Archives: Property Taxes

The sting of reassessment

Posted on April 28, 2007 by grim

From the Wall Street Journal: Homeowners Wage a Tax Rebellion Rising Property-Value Assessments Drive Up Appeals as House Prices Decline By JEFF D. OPDYKE April 28, 2007; Page B1 Falling home prices and rising property-tax assessments are fueling a grass-roots … Continue reading →

Posted in New Development, Property Taxes | 10 Comments

Less money for a rainy day

Posted on April 26, 2007 by grim

From the Times Trenton: Tax plan may not bring relief A leading Wall Street bond rating firm has warned that the Legislature’s tax relief strategy could create fiscal problems for New Jersey’s 566 municipalities in years to come. In a … Continue reading →

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

School board and budget results

Posted on April 18, 2007 by grim

From the Record: Budgets in the black Tuesday’s school elections produced some surprising results, from squeakers on budget approvals and veteran board members being voted out of office to a power outage that held up counting. Rochelle Park showed that … Continue reading →

Posted in Politics, Property Taxes | 8 Comments

Don’t forget to vote

Posted on April 17, 2007 by grim

From the Home News Tribune: School vote matters New Jersey is holding its annual school board elections today, the one moment of the year when voters have a direct say in how their tax dollars are spent and how much … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 24 Comments

“It’s the year of the housing hangover”

Posted on April 7, 2007 by grim

From the NY Times: Housing Slump Pinches States in Pocketbook State tax revenues around the country are growing far more slowly this year and in some cases falling below projections, a result of the housing market slowdown that has curbed … Continue reading →

Posted in National Real Estate, Property Taxes | 3 Comments

Passaic County to sell golf course

Posted on March 23, 2007 by grim

From the Herald News: Paterson Freeholders OK layoffs, sale of golf course; taxes won’t go down The Passaic County freeholders voted Thursday to begin a process that could culminate in 200 to 300 county employees losing their jobs and the … Continue reading →

Posted in Politics, Property Taxes | 1 Comment

Buying your vote?

Posted on March 23, 2007 by grim

A letter from Rob Kealey published in the Courier Post: Two choices Is your vote for sale? Our legislators, who are all up for re-election, think so, and they want to buy it in this year’s bloated $33.3 billion budget. … Continue reading →

Posted in Politics, Property Taxes | 1 Comment

NJ “slipping into a state of fiscal paralysis”?

Posted on March 13, 2007 by grim

From the Philly Inquirer: Treasurer: N.J. needs new revenue sources The state treasurer argued yesterday that New Jersey’s ability to pay for important but unmet needs could rest on whether it can make money off assets such as toll roads, … Continue reading →

Posted in Economics, Politics, Property Taxes | 4 Comments

$653m budget shortfall for NJ

Posted on March 13, 2007 by grim

From the Asbury Park Press: Proposed budget could face a $653M shortfall The no-new-taxes state budget proposed by Gov. Corzine could face a $653 million shortfall, the nonpartisan Office of Legislative Services estimated Monday. Most of the gap predicted by … Continue reading →

Posted in Economics, Property Taxes | Comments Off on $653m budget shortfall for NJ

Will Highlands result in higher taxes?

Posted on March 4, 2007 by grim

A letter to the Star Ledger: Highlands Act will raise property taxes A letter writer last week was absolutely correct the Highlands Act will limit population growth. So at first blush, it sounds plausible it should also keep the county … Continue reading →

Posted in General, Property Taxes | 32 Comments

NJ Property Taxes up 7% in 2006

Posted on February 28, 2007 by grim

From the Daily Record: NJ property taxes soar higher The average property tax bill in New Jersey topped $6,300 last year, a 7 percent increase in what were already the nation’s highest property taxes, according to new state figures. Even … Continue reading →

Posted in Property Taxes | 7 Comments

Unhappy with taxes? Vote with your feet.

Posted on February 25, 2007 by grim

A letter to the Asbury Park Press: Top wage earners pay a fair share The writer of the Feb. 14 letter “Reform formula basically unfair” would like people earning more to pay more in taxes. Well, they already do. The … Continue reading →

Posted in Property Taxes | 12 Comments

Easiest way out of a pile of debt?

Posted on February 23, 2007 by grim

From the Asbury Park Press: Gov: Budget road gets rougher Gov. Corzine made his strongest pitch yet Thursday for using a state asset, such as toll roads or the state lottery, to generate a cash infusion, saying New Jersey needs … Continue reading →

Posted in Politics, Property Taxes | 9 Comments

Red Bank residents concerned over revaluation

Posted on February 22, 2007 by grim

From the Red Bank Hub: Red Bank’s tax base more than doubles The total value of taxable property in the borough has increased from around $968 million to more than $2.2 billion after completion of the recent borough-wide reassessment. Neil … Continue reading →

Posted in General, Property Taxes | 6 Comments

Why can’t government just cut spending?

Posted on February 20, 2007 by grim

From the Asbury Park Press: Property tax reform plan When will the New Jersey Legislature learn the simple lesson that every family and wage-earner in this state already knows — that you can’t spend money you don’t have. I’ve yet … Continue reading →

Posted in Property Taxes | 42 Comments