Towns in Monmouth county with low property taxes (Edison, Rahway: best town, house)

[apvbguy]

Originally Posted by b75

I know people who have had to sell their homes in Colts Neck due to the taxes ($20+K/year) and I've never heard of that problem in say an Eatontown. I'll grant you I don't know the specific statistics re: the tax rates. I just know from a real life perspective what is out there to buy and the diversity available in an Eatontown is much better then a Colts Neck or a Holmdel, if you are not concerned about school district that is.

how many million dollar plus homes on multi acre lots are there in etown? not too many!
RE taxes are based on home value X tax rate. If you have a huge home on a large lot it will carry a large tax burden
Eatontown is a lower income middle class town, CN and holmdel are in a different league

[b75]

These are not million dollar homes I am referring to, although generally homes in a Colts Neck/Holmdel or going to be more likely to approach that price. He asked where he could find an area with lower taxes - I said these places might be more affordable especially since he didn't care if the schools were in the same league as Holmdel etc.

Originally Posted by apvbguy

how many million dollar plus homes on multi acre lots are there in etown? not too many!
RE taxes are based on home value X tax rate. If you have a huge home on a large lot it will carry a large tax burden
Eatontown is a lower income middle class town, CN and holmdel are in a different league

[Juanio]

Thanks for your comments! I work in Eatontown, so I am looking at places about 20 mins drive from there. Colts Neck is a very nice town, and indeed taxes are lower, proportionally, than in towns like Howell or Holmdel (i.e., from what I've seen, a 500k house in Howell pays about $10k in property tax, whereas a 500k house in CN pays about 7k, thus 30% less).

Personally, paying more than $5k in property tax a year is too much. However, it might be that indeed there's no magic formula, and that's the way it is...

[judithexit]

Originally Posted by Juanio

I am planning to buy a house in Mounmouth county. However since I am not planning to have kids for a while, the availability of good schools is not important to me. I am looking for a great town (clean, neat, with easy access to major highways,...), but I do not want to pay the taxes towns like Holmdel or Howel demand (I've seen great houses within my budget, but taxes are above $10k/year in many cases for a house worth less than $500k!).

Many thanks for your guidance!

that is more then Colonia Taxes woooooow!
was it a new home?
how big is the lot?

[apvbguy]

Originally Posted by judithexit

that is more then Colonia Taxes woooooow!
was it a new home?
how big is the lot?

you can't compare colonia to most places in monmouth, I know it's the best you've got up there but there is just no comaparisons

[judithexit]

Originally Posted by apvbguy

you can't compare colonia to most places in monmouth, I know it's the best you've got up there but there is just no comaparisons

Sorry , I got to ask So why do you think that?

IS price , lot size , what ?

Also i check the mls there is homes down there that are in MARLBORO

TaxYr:2007LandAsmt:40,700NewCnstr:NDeedRestr:NTaxes:$5,489ImprAsmt:91,500Farm:NFarmAssd:NSpecAsmt:NTotAsmt:132,200AsmtStat:Assessed

[apvbguy]

Originally Posted by judithexit

Sorry , I got to ask So why do you think that?

IS price , lot size , what ?

Also i check the mls there is homes down there that are in MARLBORO

TaxYr:2007LandAsmt:40,700NewCnstr:NDeedRestr:NTaxes:$5,489ImprAsmt:91,500Farm:NFarmAssd:NSpecAsmt:NTotAsmt:132,200AsmtStat:Assessed

Colonia is like a bubble, nice area, great homes but it is surrounded by crap, it is a very nice place to live but the ambiance of the region leaves a lot to be desired. You just don't have that issue in a place like marlboro

[nic529]

If you want to pay less than 5K in taxes your going to have to move further into South Jersey - Burlington County and South. Although, you could try Plumsted/New Egypt, Barnegat, Bayville, Tuckerton, and Bayhead in Ocean County. Its not going to be easy though.

[MoorestownResident]

Originally Posted by nic529

If you want to pay less than 5K in taxes your going to have to move further into South Jersey - Burlington County and South. Although, you could try Plumsted/New Egypt, Barnegat, Bayville, Tuckerton, and Bayhead in Ocean County. Its not going to be easy though.

Not sure where you are getting $5K in taxes in BC for a reasonably sized house. If you want something small or 150 years old, perhaps.

[tahiti]

Originally Posted by MoorestownResident

Not sure where you are getting $5K in taxes in BC for a reasonably sized house. If you want something small or 150 years old, perhaps.

depends on your definition of "small". you can get an 1800-2000 sq ft 35 yr old home in say, cinnaminson, with taxes under $5K.