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Old 05-19-2017, 09:23 AM
 
1,159 posts, read 1,575,662 times
Reputation: 1023

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In case anyone still wanted to move here for cheaper cost of living, this particular myth needs to be dispelled.

Here is a report about the effective tax rate, county by county, for every county in the U.S.
2016 Property Tax Analysis | Newsroom and Media Center

It does a statewide average and concludes that New Jersey has the highest effective tax rate, at 2.81%
It define this as: "the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area."

OK, yeah, we all know about the $10, 15, 20, 30k tax bills in Jersey. But what folks forget to mention is the staggeringly high VALUE of the house being taxed.

So here are the numbers from the survey.
All numbers are county averages.

Monroe County:
Tax: $4,729
Assessed value of home: $141,269
Effective tax rate: 3.35%

Essex
Tax: $11,597
Value: $424,055
Rate 2.73%

Bergen:
Tax: $11,323
Value: $524996
Rate: 2.16%

Lehigh
Tax: $4,243
Value: $213,261
Rate: 1.99%

Montco
Tax: $5,900
Value: $330,077
Rate: 1.79%

Bucks
Tax: $5,758
Value: $348,937
Rate: 1.65%




I am so disgusted by what has happened in this county in the last 15 years. We have been dragged down to a point of no return, I fear.
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Old 05-19-2017, 02:54 PM
 
Location: Tannersville, PA
108 posts, read 88,101 times
Reputation: 110
Quote:
Originally Posted by Gettingouttahere View Post
In case anyone still wanted to move here for cheaper cost of living, this particular myth needs to be dispelled.

Here is a report about the effective tax rate, county by county, for every county in the U.S.
2016 Property Tax Analysis | Newsroom and Media Center

It does a statewide average and concludes that New Jersey has the highest effective tax rate, at 2.81%
It define this as: "the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area."

OK, yeah, we all know about the $10, 15, 20, 30k tax bills in Jersey. But what folks forget to mention is the staggeringly high VALUE of the house being taxed.

So here are the numbers from the survey.
All numbers are county averages.

Monroe County:
Tax: $4,729
Assessed value of home: $141,269
Effective tax rate: 3.35%

Essex
Tax: $11,597
Value: $424,055
Rate 2.73%

Bergen:
Tax: $11,323
Value: $524996
Rate: 2.16%

Lehigh
Tax: $4,243
Value: $213,261
Rate: 1.99%

Montco
Tax: $5,900
Value: $330,077
Rate: 1.79%

Bucks
Tax: $5,758
Value: $348,937
Rate: 1.65%

I am so disgusted by what has happened in this county in the last 15 years. We have been dragged down to a point of no return, I fear.
Yup. But people don't believe me when I complain about the the tax rates.

And FWIW my taxes are $4200 on a house assessed at $103,000. That makes my rate 4.3%.

We've been told to expect a 200-300% increase in our home valuation because of the reassessment. That's a joke. I would be hard pressed to get $103,000 for this dump- let alone 2-3X more.

Whether there will an equal rise in the actual taxes remains to be seen. That would put my taxes between $8400-$12,600.

Of course they are making assurances to homeowners that we don't have to worry about that happening.

But they made assurances to homeowners that casino gambling and waterparks up the wazoo would help bring our taxes down.

And we all know how that turned out... :-/

Last edited by mrsfixit99; 05-19-2017 at 03:52 PM..
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