Category Archives: Property Taxes

SALT Cap not long for this world?

Posted on December 22, 2019 by grim

From CNBC: House passes bill to lift $10,000 cap on state and local tax deductions The Democratic-controlled House passed a bill on Thursday that would do away with the $10,000 limit on the itemized deduction for state and local taxes … Continue reading →

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 46 Comments

Democrats lose NJ

Posted on November 7, 2019 by grim

From the Star Ledger: How Gov. Murphy helped Republicans win Assemblyman Jon Bramnick, the Republican leader, says he is grateful that Gov. Phil Murphy engaged so heavily in this week’s election because it helped Republicans like him win close races. “Did Murphy … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 145 Comments

Hey New Jersey – Here’s what Trump did to your home values

Posted on October 10, 2019 by grim

From ProPublica: Trump’s Trillion-Dollar Hit to Homeowners

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 45 Comments

Why NJ is f*cked

Posted on September 10, 2019 by grim

From the Star Ledger: N.J. is facing a $1.2B public-worker pension time bomb In the waning days of his administration, Gov. Chris Christie left his successor Phil Murphy a parting gift, of sorts. For years, New Jersey had assumed its public pension fund would … Continue reading →

Posted in Economics, Politics, Property Taxes, Unrest | 85 Comments

No impact?

Posted on August 5, 2019 by grim

From NJ1015: NO MELTDOWN: NJ HOME VALUES RISE, DESPITE FEARS OF TAX LAW When federal tax law was changed a year and a half ago, alarms were rung by the real-estate industry warning it would be a gut punch to … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 248 Comments

Pounding salt

Posted on July 20, 2019 by grim

From LoHud: Housing market in Lower Hudson Valley slows as SALT impact weighs on high-end The housing market in the Lower Hudson Valley region has shown a slight slowdown in the second quarter, and experts blame the decline on the new tax … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Property Taxes | 49 Comments

Murphy bribes voters to get his millionaire tax

Posted on June 20, 2019 by grim

From the Star Ledger: Is a one-time $125 property tax credit really worth that much? Well, it would be a good start, Murphy insists. Admittedly, a one-time $125 property tax credit for two million residents of the state with the … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 90 Comments

IRS closes SALT loophole

Posted on June 16, 2019 by grim

From Accounting Today: It’s over: States lose fight against SALT deduction cap New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 33 Comments

Everyone Hates Murphy

Posted on June 8, 2019 by grim

From the Observer: NJ Politics Digest: Legislature Reportedly Prepared to Override Murphy’s Veto The state legislature could deal Gov. Phil Murphy an embarrassing rebuke, overriding his veto of a bill to force dark money groups—like the one supporting his progressive … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 33 Comments

Tax the shore

Posted on May 28, 2019 by grim

From WHYY: N.J. may roll back tax on Shore rentals, but details remain fuzzy New Jersey lawmakers are moving to exempt many Shore-goers from an unpopular new tax on home rentals, but it’s still unclear when the change would take … Continue reading →

Posted in Property Taxes, Shore Real Estate, Unrest | 56 Comments

What’s driving gross income tax increases?

Posted on May 15, 2019 by grim

From the Star Ledger: N.J. income taxes rolling in like never before. Now Dems will fight over what to do with all that extra cash.  New Jersey’s income tax collections came roaring back in April, surprising state leaders and cracking … Continue reading →

Posted in Economics, Employment, Politics, Property Taxes | 63 Comments

Look back at taxes

Posted on April 26, 2019 by grim

From CNBC: The IRS stats are in: Here’s how tax refunds look compared to last year The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year. The … Continue reading →

Posted in Economics, National Real Estate, Politics, Property Taxes | 70 Comments

89% of NJ households paid less taxes

Posted on April 16, 2019 by grim

From the Star Ledger: Tax Day 2019 more taxing for 400K N.J. households, thanks to Trump law If you saw your taxes go up under the Republican tax law that limited your property tax break, you weren’t alone. In fact, 411,809 New … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 58 Comments

In favor of which buyers?

Posted on March 22, 2019 by grim

From MarketWatch: Housing market is tipping in favor of buyers, real-estate agents say It’s been a long winter in the housing market. Economic unease, uncertainty about taxes, fluctuating mortgage rates, and rain and snow have kept buyers and sellers on … Continue reading →

Posted in National Real Estate, New Jersey Real Estate, Property Taxes | 96 Comments

Expect the worst

Posted on March 21, 2019 by grim

From Bloomberg: Trump Tax Reform Hits Home in Wealthy New York Suburbs Nick Boniakowski’s clients bought a home in Northern New Jersey in 2016. Now they want to move again. They found a house they liked. It wasn’t the charm … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes, Unrest | 65 Comments