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Old 10-27-2010, 09:04 AM
 
Location: New Jersey/Florida
5,818 posts, read 12,626,350 times
Reputation: 4414

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This house is close to where I live. And you think your property taxes are high. Think again. His property taxes were 184K in 2006. After a successful appeal he was fortunate to have them reduced to about 140,000. Can you imagine paying 186,000 in property taxes a year. Scroll down and they give you his property taxes for the last 5 years or so. In the last 7 or 8 years he has paid 1 million in property taxes. Gotta love it
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Old 10-27-2010, 10:14 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,404 posts, read 28,729,623 times
Reputation: 12067
Quote:
Originally Posted by JERSEY MAN View Post
This house is close to where I live. And you think your property taxes are high. Think again. His property taxes were 184K in 2006. After a successful appeal he was fortunate to have them reduced to about 140,000. Can you imagine paying 186,000 in property taxes a year. Scroll down and they give you his property taxes for the last 5 years or so. In the last 7 or 8 years he has paid 1 million in property taxes. Gotta love it
Well it is for sale for 9 million so for NJ I would say the taxes are about right
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Old 10-27-2010, 10:18 AM
 
Location: New Jersey/Florida
5,818 posts, read 12,626,350 times
Reputation: 4414
Quote:
Originally Posted by njkate View Post
Well it is for sale for 9 million so for NJ I would say the taxes are about right
You know the funny thing, if someone gave me this house for free with no mortgage I couldn't afford to live there.
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Old 10-27-2010, 10:51 AM
 
Location: NJ
17,573 posts, read 46,144,871 times
Reputation: 16279
This is like buying a Ferrari and then worrying how much the insurance is. If you can afford that house you can afford the taxes.
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Old 10-27-2010, 11:07 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,404 posts, read 28,729,623 times
Reputation: 12067
Quote:
Originally Posted by JERSEY MAN View Post
You know the funny thing, if someone gave me this house for free with no mortgage I couldn't afford to live there.
I couldn't either
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Old 10-27-2010, 11:48 AM
 
Location: NJ
132 posts, read 631,743 times
Reputation: 43
Quote:
Originally Posted by JERSEY MAN View Post
This house is close to where I live. And you think your property taxes are high. Think again. His property taxes were 184K in 2006. After a successful appeal he was fortunate to have them reduced to about 140,000. Can you imagine paying 186,000 in property taxes a year. Scroll down and they give you his property taxes for the last 5 years or so. In the last 7 or 8 years he has paid 1 million in property taxes. Gotta love it
Hey JERSEY MAN - If you live hear this place, I hope you live right along the water.

Here is my so I am consistent with all the above ....
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Old 10-27-2010, 11:49 AM
 
Location: New Jersey/Florida
5,818 posts, read 12,626,350 times
Reputation: 4414
Property taxes are insane in NJ. I drive by this home everyday but taxes over 100K no way. I'd say 25,000 to 40,000 tops. Talk about legal robbery. If you go by the 180K figure he was paying 500 bucks a day for property taxes. That doesn't include the price for the riparian grant to dock his boat, that he pays to the state.
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Old 10-27-2010, 11:55 AM
 
Location: NJ
12,283 posts, read 35,690,922 times
Reputation: 5331
eh.....did the taxes jump from 25K to 180? if not, the dude (who's apparently has had some legal troubles) knew it going in.
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Old 10-27-2010, 11:57 AM
 
Location: 32°19'03.7"N 106°43'55.9"W
9,375 posts, read 20,801,239 times
Reputation: 9982
I wouldn't be surprised if there was a flag of his posterior flying over town hall with the words "Your ass is mine" printed on it.
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Old 10-27-2010, 11:59 AM
 
Location: NJ
17,573 posts, read 46,144,871 times
Reputation: 16279
Quote:
Originally Posted by JERSEY MAN View Post
Property taxes are insane in NJ. I drive by this home everyday but taxes over 100K no way. I'd say 25,000 to 40,000 tops. Talk about legal robbery. If you go by the 180K figure he was paying 500 bucks a day for property taxes. That doesn't include the price for the riparian grant to dock his boat, that he pays to the state.
This just seems like an odd argument. Property taxes are based on house values. Just like the guy who makes a million dollars a year pays more in income taxes than the guy that makes 50K a year.

And I have to ask. How did you come up with 25-40 being the right number?
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