Category Archives: Property Taxes

If not the Millionaires, then who? (Hint, You.)

Posted on November 26, 2017 by grim

From the Star Ledger: N.J.’s millionaires’ tax hike is losing support By now, anyone paying attention can see that Republicans in Washington are out to screw New Jersey. We would pay higher taxes under their plan, even though we already … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 25 Comments

Why fight it? Go with the flow.

Posted on November 22, 2017 by grim

From the Record: Minimum wage for Bergen County workers is now $15 an hour Bergen County Executive Jim Tedesco gave thanks for county workers on Tuesday when he signed an executive order that raises the minimum wage for full-time employees … Continue reading →

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

House Bill Passes, 1 NJ Republican Signs

Posted on November 17, 2017 by grim

From the Star Ledger: ‘Open season on N.J.’: With Trump backing, House GOP votes to cut your property tax break With the help of one New Jersey Republican, the U.S. House on Thursday passed sweeping tax legislation that would end … Continue reading →

Posted in Economics, National Real Estate, Politics, Property Taxes | 87 Comments

Senate’s handling of MID a head scratcher

Posted on November 13, 2017 by grim

From HousingWire: Housing industry gives mixed response to Senate tax reform bill One of the biggest changes from the House tax reform bill is that the Senate’s version would leave the mortgage interest deduction intact at its current cap of … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Property Taxes | 67 Comments

Senate says “F*ck You New Jersey” and proceeds to piss all over us

Posted on November 10, 2017 by grim

From the Star Ledger: Senate GOP bill delivers bigger blow to N.J. by killing your entire property tax break The entire federal deduction for state and local taxes — an important tax break for New Jersey residents — would end … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 159 Comments

An outsider gets his chance

Posted on November 8, 2017 by grim

From Politico: Murphy defeats Guadagno to become New Jersey’s next governor Democrat Phil Murphy, a millionaire former Goldman Sachs executive and U.S. ambassador to Germany who’s never held elective office, will succeed Republican Chris Christie as New Jersey’s governor after … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 152 Comments

How will the housing market react?

Posted on November 4, 2017 by grim

From Forbes: What The Republican Tax Bill Means For The Value Of Your Home House Republicans released their long awaited tax bill Thursday. The proposal is a long way from becoming the law of the land, but the draft contains … Continue reading →

Posted in Mortgages, National Real Estate, Politics, Property Taxes | 43 Comments

The push for $12,500.

Posted on November 3, 2017 by grim

From the Washington Examiner: New Jersey Rep. Tom MacArthur wants cap on property tax deduction lifted in tax bill A key Republican lawmaker said Thursday that he wants to lift the new tax bill’s cap on property tax deductions, a … Continue reading →

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

Home Builders turn against tax plan

Posted on October 30, 2017 by grim

From the Washington Post: Home builders raise a hammer, try to smash the GOP tax bill The Republican effort to overhaul the tax code suffered a bruising setback over the weekend when a powerful corporate interest group came out against … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics, Property Taxes | 139 Comments

NJ’s MacArthur throws down the gauntlet

Posted on October 25, 2017 by grim

From CNN: Republican group threatens to block budget over tax deduction fight Threatening the GOP’s top priority of passing major tax reform, Republican Rep. Tom MacArthur warned Tuesday night that so many House Republicans are frustrated with plans to nix … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 70 Comments

NJ Republicans vote to increase your taxes

Posted on October 20, 2017 by grim

From the Star Ledger: Senate Republicans just declared they want to kill your property tax deduction, New Jersey Senate Republicans just voted in favor of killing your property tax deduction, New Jersey. The GOP senators, whose states received $223 billion … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, Property Taxes | 118 Comments

Why Trump’s tax plan will make housing even more unaffordable

Posted on October 13, 2017 by grim

There appears to be some thought that home prices on the coasts are elevated or subsidized through the use of the Mortgage Interest deduction (MID) and State and Local Tax (SaLT) deductions. These two deductions, either alone or together, artificially … Continue reading →

Posted in Economics, National Real Estate, Politics, Property Taxes | 125 Comments

Where will Trump’s tax policy hurt most in NJ

Posted on October 6, 2017 by grim

From NJ Spotlight: INTERACTIVE MAP: TRACKING SALT DEDUCTIONS ACROSS THE STATE The loss of the federal income tax deduction for state and local taxes paid would mean a loss of about $21,500 in write-offs for the average New Jersey taxpayer. … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 121 Comments

NJ’s “middle class” about to be slaughtered

Posted on September 29, 2017 by grim

From the APP: Trump tax plan kills key deductions, wallops NJ homeowners New Jersey taxpayers would lose key deductions under a proposal unveiled this week by President Donald Trump: property taxes and state income taxes, experts said. The tax reform … Continue reading →

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

School are shrinking – why aren’t taxes dropping?

Posted on August 13, 2017 by grim

From RT40: Mapping New Jersey’s Shrinking School Districts More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 51 Comments