This should be fun, lets compaire...what are your taxes? (Wayne: transfer, new construction)

[katherine59]

South Brunswick Twp. a 4 bdrm, 2 1/2 bath, about 2800 sf home on 1/5 of an acre (thank God there are woods behind us) and we pay just under $11,000. Ridiculous, huh?

[Shwa]

Recently sold a 4 BR townhouse in Middletown (Monmouth County) for $430..... taxes were $9700.... (which made it tricky to sell!) Not sure what the taxes on the new place will be yet.

[MiriamEtienne]

WHY NOBODY TALKS ABOUT OUR OUT OF CONTROL PROPERTY TAXES ?


I LIVE IN ..............BERGEN COUNTY NEW JERSEY.............to my DISMAY MY PROPERTY TAXES ARE OVER $ 7,000 a YEAR and this August they are planning ANOTHER 22 % ON TOP OF THE OUT OF REACH TAXES ?

I LOST MY ONLY CONTRACT WHICH I THOUGHT I WAS GOING TO RETIRE UNDER LAST NOVEMBER................GONE...............DONE... .............COMPANY DISMANTLED..............KAPUT !!!

SO HOW DO YOU KEEP ON PAYING MORE AND MORE WITH NOTHING MORE THAN:



HOT AIR ???


ANY ANSWERS ?


I USED TO WORK IN INTERNATIONAL for COMPTROLERS and European Engineers..............now ?

VERY WELL...............THANK YOU...............GETTING READY TO LIVE IN A TENT OF THINGS KEEP ON CREEPING UP.....................UP and UP.


AMERICA WAKE UP.................TOMORROW WILL BE YOU !!!


THIS IS A DOMINO EFFECT.

Originally Posted by veuvegirl

Do I win a prize???? I mean come on people; I want to see some taxes

$13,000

3 bedrooms
1.2 bathrooms

[MiriamEtienne]

My Space is veryu lmitied I have a tiny apartment under me that I rent for very little because I do not want them to leave the apt and God knows who will move and if they can afford to pay any rent with no jobs around.

I sused to work for International Comptrollers and I was doing very well working for a German Engineer until 1992 when I got sick with Chronic Fatigue and a mix of EPSTEIN BAR VIRUS since I had too much STRESS and RESPONSIBILITY.................I had to go to a specialist back then who told me :

What is your choice ?


Your job or your life ?

So I stayed home thinking that life was GOOD then I wnt to work just as a temp for a couple of years until it hit me.


JOBS WERE GOING OUT OF THE COUNTRY !!!


Now I am older and is harder to get a good paying job !


Any comments please send them to :


MiriamEtienne@aol.com



I am VERY WORRIED IN NEW JERSEY.................soon we will be another completely bankrupt state..............well go figure HIGHER PROPERTY TAXES EVERY YEAR....................NO GOOD PAYING JOBS...................HIGHER COT OF LIVING :


EQUAL.........................LIVING IN A TENT.

EVEN IF YOU DO HAVE SUBSTANTIAL SAVINGS..................WITH BAD INTEREST RATES ALL YOU DO IS EAT YOUR PRINCIPAL !!!



MiriamEtienne@aol.com

YOUR COMMENTS ARE MOST WELCOMED !!!


Miriam

Originally Posted by katherine59

South Brunswick Twp. a 4 bdrm, 2 1/2 bath, about 2800 sf home on 1/5 of an acre (thank God there are woods behind us) and we pay just under $11,000. Ridiculous, huh?

[billb7581]

2000 sq foot home 4 BR 2 1/2 bath on 1/3 acre in Cinnaminson I think I'm a hair under 6 grand.

[luckyshoes]

3,000 sf home, Bergen County, $14,000 a year

[block911]

Newark nj, condo w/ tax abatement! I gotta get out before the abatement is up

[block911]

Originally Posted by MaverickDD

Your point is well taken. I'll be the first to admit that tax rates on the wealthy in New Jersey are utterly ridiculous. (And it's not just the rates: Losses don't exist. Losses in one category may not be used to offset income in another. Itemized deductions -- what are they? Etc.)

Yet there are segments of New Jersey's wealthy that benefit greatly (though indirectly) from government entitlements. New Jersey has a sizable aristocratic class that enjoy power, prestige, preference, and position. Many in this class are the recipients of the exorbitant fees that New Jerseyans pay; fees for goods and services that would cost much less if the government wasn't subsidizing these charges for some people but not for others.

And what benefits might these be? Take rent subsidies as one example.

Most poor people don't pay much for rent. Section 8 pays it for them. The excessive rents paid by the government to house the poor lead to higher rents (driven by economic supply/demand) upon the unsubsidized middle class (another hidden tax). Who benefits? 1) The poor, and 2) rental property owners. The poor get their rent paid by the government, the wealthy get increased cash flows + asset values while the middle class pay for it.

More so, rental rates in poor neighborhoods are ridiculous! Think about it. Why would someone pay half-a-million dollars for a three family house in a neighborhood where kids go to schools surrounded by 12 foot fences topped with razor wire? Why are the rents higher there than in towns with blue-ribbon school districts? Because those who live there aren't paying for it and those who own there are assured of ever escalating income, (until the next "event of reckoning" occurs, but we'll save that for another post).

With the ludicrous taxes placed upon the well-to-do, why would they stay in NJ? Because many are at the end of the line as the indirect recipient of some entitlement benefits. That's the benefit that the well-off get for staying.

And I agree with you. If they're not somehow getting that benefit, there is no advantage for the wealthy to stay. In that case, they're nuts to stay too. And yes, many wealthy are leaving. But as long as we're both still here, well-to-do or middle class, if you're one of us nuts, I'll share acorns with you!

(PS: And the hardest hit are the true working poor. How the unsubsidized working poor ever come up with the money to pay rent in New Jersey is beyond me. My heart goes out to them -- and no, I'm not being facetious.)

(PPS: Many of New Jersey's well-off avoid some of our state's income tax by establishing residency in low or no-income-tax states via ownership of a second home. It's rather well known that thousands of New Jerseyans claim Florida residency by making their Florida home their "tax home" and their New Jersey home their "second home." That's a privilege unavailable to the middle class.)

Yup thats why I found the safest place in newark, nj and made it my home... but I will be gone in 4-5 years if things stay the same and my family outgrows our condo

[gradstudent77]

Originally Posted by MiriamEtienne

WHY NOBODY TALKS ABOUT OUR OUT OF CONTROL PROPERTY TAXES ?

AMERICA WAKE UP.................TOMORROW WILL BE YOU !!!


THIS IS A DOMINO EFFECT.

Just sell your house and live off the proceeds for the rest of your life in some low-rent area in the south.

[stevemorse]

Originally Posted by MiriamEtienne

WHY NOBODY TALKS ABOUT OUR OUT OF CONTROL PROPERTY TAXES ?


I LIVE IN ..............BERGEN COUNTY NEW JERSEY.............to my DISMAY MY PROPERTY TAXES ARE OVER $ 7,000 a YEAR and this August they are planning ANOTHER 22 % ON TOP OF THE OUT OF REACH TAXES ?

I LOST MY ONLY CONTRACT WHICH I THOUGHT I WAS GOING TO RETIRE UNDER LAST NOVEMBER................GONE...............DONE... .............COMPANY DISMANTLED..............KAPUT !!!

SO HOW DO YOU KEEP ON PAYING MORE AND MORE WITH NOTHING MORE THAN:



HOT AIR ???


ANY ANSWERS ?


I USED TO WORK IN INTERNATIONAL for COMPTROLERS and European Engineers..............now ?

VERY WELL...............THANK YOU...............GETTING READY TO LIVE IN A TENT OF THINGS KEEP ON CREEPING UP.....................UP and UP.


AMERICA WAKE UP.................TOMORROW WILL BE YOU !!!


THIS IS A DOMINO EFFECT.

it was me, I moved to where taxes are lower in western NJ.