Category Archives: Property Taxes

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

NJ’s Non-gentrified Urban Future

Posted on July 9, 2017 by grim

A glimpse into what NJ’s urban future will look like. Ever increasing property taxes will create a situation where the urban poor can no longer afford to even pay their property taxes, leading to property tax foreclosures in massive numbers. … Continue reading →

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

Pay Up Jersey City – Just like the rest of us

Posted on April 22, 2017 by grim

From the Jersey Journal: Jersey City homeowners uneasy as long-delayed revaluation begins A five-letter word is causing heartburn in every neighborhood in Jersey City. Reval. The citywide property revaluation, Jersey City’s first since 1988, is finally underway, with inspectors knocking … Continue reading →

Posted in Gold Coast, New Jersey Real Estate, Politics, Property Taxes | 19 Comments

Why not put it on the ballot?

Posted on March 28, 2017 by grim

From the Star Ledger: On property taxes, it’s time for a little initiative – and referendum | Mulshine When you picked up your Star-Ledger on Monday, you no doubt noticed a front-page article by Jonathan Salant headlined “Jersey by the … Continue reading →

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

Lower-end Overassessed?

Posted on October 31, 2016 by grim

From the Record: Municipal tax offices slow to respond to a tepid real estate recovery, especially in modest neighborhoods Homeowners at the lower end of North Jersey’s housing market — still suffering disproportionately from the real-estate slump — are now … Continue reading →

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

Pay Up Sucker

Posted on October 28, 2016 by grim

From Slate: Princeton Pays Up When Princeton University announced it had settled litigation with area homeowners who had argued it is a profit-making institution in order to challenge its exemption from property taxes, it appeared to be paying millions of … Continue reading →

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

NJ’s Wealthiest Resident Leaves for Florida

Posted on March 17, 2016 by grim

From Bloomberg: Tepper’s Most Profitable 2015 Trade May Be Moving to Miami New Jersey lost its richest resident late last year when billionaire David Tepper decamped to the tax friendly climes of Florida. Tepper registered to vote in Florida last … Continue reading →

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

What cap?

Posted on March 13, 2016 by grim

From the Record: Property tax cap growing weaker across North Jersey; more towns than ever exceed 2% limit Reforms enacted in 2011 to keep the nation’s highest property taxes in check are showing signs of weakening as a growing number … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 7 Comments

Christie’s property tax cap worked

Posted on February 21, 2016 by grim

From the Star Ledger: Are N.J. property taxes actually going down in many towns? Are many New Jersey residents actually paying less in property taxes than they were five years ago? The state’s sky-high property taxes crossed the $8,300 threshold … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 37 Comments

What’s worse? High cost of living or the taxes?

Posted on February 13, 2016 by grim

From the Star Ledger: Did 2M people really leave N.J. because of high taxes? More than two million people left New Jersey between 2005 and 2014, taking billions of dollars in income and economic activity with them, according to a … Continue reading →

Posted in Demographics, Economics, Employment, Politics, Property Taxes | 67 Comments

No Suburb Left Behind

Posted on February 9, 2016 by grim

From the WSJ, hat tip Chi: Casualty of Cities’ Resurgence: The Suburban Offices Left Behind Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises, giving cities an economic jolt. … Continue reading →

Posted in Demographics, Economics, Employment, New Development, North Jersey Real Estate, Property Taxes | 148 Comments

Exodus

Posted on February 8, 2016 by grim

From MyCentralJersey: Outta here! Garden State residents look to retire in greener pastures Have you noticed more moving trucks on your block recently? Well, here’s why. The recent National Movers Study released by United Van Lines pointed to New Jersey … Continue reading →

Posted in Demographics, Economics, Politics, Property Taxes | 89 Comments

Up Up and Away!

Posted on February 7, 2016 by grim

From the Star Ledger: Here’s how much property taxes went up (again) in N.J. last year The already steep property tax bill for New Jersey residents jumped again in 2015, topping $8,300 for the first time and increasing at the … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 30 Comments

“I have no hope. One thing about taxes: they go up.”

Posted on January 10, 2016 by grim

From the APP: Property taxes up $537 million HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015. The hike pushed the average local tax bill to $8,354 for homeowners, up … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, Property Taxes | 25 Comments

NJ floats bill to tax non-profit hospitals

Posted on December 8, 2015 by grim

From the Record: Proposed N.J. bill would mandate that some hospitals make payments to host communities Non-profit acute-care hospitals that have money-making facilities would start making payments to offset the cost of services provided by host municipalities, according to a … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 73 Comments