Category Archives: Property Taxes

No exodus?

Posted on July 13, 2018 by grim

From The Real Deal: No exodus from California despite pressure from new fed tax plan: real estate pros While homeowners in high-tax states like New York and New Jersey may be packing their bags to move to Florida and Texas, … Continue reading →

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 86 Comments

Glimpse into the future: NJ coming for your house

Posted on June 16, 2018 by grim

What happens when NJ can’t afford to pay it’s own taxes anymore? Rampant (fraudulent?) mismanagement of assessments? Detroit offers a glimpse into what to come in NJ. From the Detroit News: Study: Bad assessments prompt 10K Detroit foreclosures One in … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics, Property Taxes | 105 Comments

What the hell do accountants know about running business in NJ anyway…

Posted on June 3, 2018 by grim

From NJBIZ: State CPAs take dim view of economic future New Jersey’s accountants do not have a favorable outlook on the state’s economy. In a survey of 786 CPAs in the state conducted by the New Jersey Society of CPAs, … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 26 Comments

No tax doomsday? Yet?

Posted on May 9, 2018 by grim

From Bloomberg: Million-Dollar Home Values Gain Even as Tax Deductions Shrink Adam Blaylock was pretty sure he overpriced his Santa Clara, California, home by offering it in February for $1.48 million, since tax deduction changes would keep buyers away. But … Continue reading →

Posted in National Real Estate, Politics, Property Taxes | 166 Comments

Will the feds accept it?

Posted on May 5, 2018 by grim

From the Star Ledger: Murphy moves to save your property tax break from Trump. But will it stick? Gov. Phil Murphy just took action to save your federal property tax break from President Donald Trump’s new tax law. The Democratic … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 55 Comments

Another day, another new tax

Posted on April 10, 2018 by grim

From the Star Ledger: N.J. bill would allow for voter-approved arts tax A New Jersey lawmaker is pushing for a new tax designed to fund local arts initiatives. Assemblyman Raj Mukherji, D-Jersey City, introduced a bill in the New Jersey … Continue reading →

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

And you should pay even more…

Posted on April 5, 2018 by grim

From NJ101.5: 4 COUNTIES IN NJ HAVE HIGHEST PROPERTY TAXES IN THE NATION Just in case you’ve forgotten, a new analysis from real-estate tracker ATTOM Data Solutions reminds us that New Jersey homeowners are paying the highest property taxes in … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 83 Comments

Did your town make the list?

Posted on March 26, 2018 by grim

From the Star Ledger: Property taxes actually went down in these N.J. towns. Was yours one of the lucky ones? New Jerseyans are accustomed to high property taxes, and they’re accustomed to those tax bills getting bigger year after year. … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 31 Comments

So they aren’t moochers?

Posted on March 10, 2018 by grim

From the APP: Don’t blame NJ’s high taxes on ‘Moocher states’: Malanga Last year’s federal tax reform act has prompted a lot of hand wringing and hyperbolic language from New Jersey officials over the loss of the state and local … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 40 Comments

And they think this charitable contribution scheme has a chance?

Posted on March 6, 2018 by grim

From the Star Ledger: IRS action on prepaid property taxes slammed as ‘naked political payback’ against N.J. New Jersey Rep. Bill Pascrell Jr. and other Democrats on Monday accused the Internal Revenue Service of “naked political payback” for refusing to … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 89 Comments

Will it work?

Posted on March 1, 2018 by grim

From Bloomberg: New Jersey Senate Passes Charitable Tax Workaround New Jersey residents might be able to avoid federal deduction limits on property taxes by converting them to a charitable contribution under a proposal the state Senate approved Feb. 26. S.B. … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 146 Comments

Fulop – From Darling to Demon

Posted on February 25, 2018 by grim

From the Jersey Journal: Jersey City residents protest tax reval: ‘You’re taking our homes away from us’ Dozens of Downtown residents protested outside City Hall today to call attention to exorbitant tax increases they could see as a result of … Continue reading →

Posted in Economics, Gold Coast, Politics, Property Taxes | 25 Comments

Governor who?

Posted on February 21, 2018 by grim

From NJ Spotlight: SWEENEY FORGES AHEAD WITH STATE TAX POLICY REVIEW, NO INPUT FROM MURPHY TEAM Major changes to the federal tax code recently enacted in Washington, D.C. may have significant and unexpected impact on the state economy, according to … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 67 Comments

NJ’s tax scheme … will fail

Posted on February 16, 2018 by grim

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments

Downtown JC going to pay up

Posted on February 8, 2018 by grim

From the Jersey Journal: 10 homes socked with huge tax hikes thanks to Jersey City reval Jersey City is conducting its first complete property revaluation since 1988 and the new assessments have started rolling in. Appraisal Systems, the company hired … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 75 Comments