Anyone Move Back to NJ & Either Move Away Again or Regret the Move Back Because of Taxes? (Wayne: sale, rent)

[Amy1022]

OK here goes....I am a native New Yorker, born and raised in Manhattan, and moved to NJ where I currently still live. I hate the high property taxes. Unless you are wealthy, or a renter and not a house owner, it is very hard to live here. I plan on moving to either PA when I retire, or NH where there is no income tax and lower property taxes. Only dividends higher than some figure are taxed when you retire. Winters are worse in NH for sure, but NJ's past winters have been anything but easy, so it's the same to me. In NJ, property taxes vary according to what county you live in. I have a friend currently paying $24,000 yearly in Montclair (Essex County). No typo. I don't know how she (a widow) does it but she is planning on selling in the future.
I don't care what feelings I have about NJ--I like some areas and hate others---but I want to retire in a place where I won't be taxed on my pension, social security, or retirement plans. I simply cannot afford it, and frankly, I won't miss much about the state except maybe the countryside.

[Goldendoodle1969]

Originally Posted by Amy1022

OK here goes....I am a native New Yorker, born and raised in Manhattan, and moved to NJ where I currently still live. I hate the high property taxes. Unless you are wealthy, or a renter and not a house owner, it is very hard to live here. I plan on moving to either PA when I retire, or NH where there is no income tax and lower property taxes. Only dividends higher than some figure are taxed when you retire. Winters are worse in NH for sure, but NJ's past winters have been anything but easy, so it's the same to me. In NJ, property taxes vary according to what county you live in. I have a friend currently paying $24,000 yearly in Montclair (Essex County). No typo. I don't know how she (a widow) does it but she is planning on selling in the future.
I don't care what feelings I have about NJ--I like some areas and hate others---but I want to retire in a place where I won't be taxed on my pension, social security, or retirement plans. I simply cannot afford it, and frankly, I won't miss much about the state except maybe the countryside.

This is by far the best "list": of this nature for your consideration. Neither PA nor New Hampshire make the cut.

10 Most Tax-Friendly States for Retirees-Kiplinger

And Map

http://www.kiplinger.com/tool/retire...rees/index.php

[orangenj]

Originally Posted by Amy1022

OK here goes....I am a native New Yorker, born and raised in Manhattan, and moved to NJ where I currently still live. I hate the high property taxes.

How can you be born and raised in Manhattan and think NJ is expensive? My in-laws live in Westchester County, NY, and my MIL even went so far as to say NJ is "affordable." I think NNJ is expensive, but CNJ and SNJ are much more affordable for middle- and working-class families.

[Amy1022]

1. Alaska
2. Wyoming
3. Georgia
4. Arizona
5. Mississippi
6. Delaware
7. Nevada
8. Louisiana
9. South Carolina
10. Florida


Thanks! I have read Kiplinger on this, but none of those states don't appeal to me except for Delaware. I dislike extreme temperatures so that would leave out Alaska, Georgia, Arizona, Mississippi, Louisiana, South Carolina and Florida. Humidity would also do me in for some of those states.
I have included this. State-by-State Guide to Taxes on Retirees-Kiplinger
You an see that NH has mixed tax friendly for retiree results. It's better than NJ overall.

[Amy1022]

Originally Posted by orangenj

How can you be born and raised in Manhattan and think NJ is expensive? My in-laws live in Westchester County, NY, and my MIL even went so far as to say NJ is "affordable." I think NNJ is expensive, but CNJ and SNJ are much more affordable for middle- and working-class families.

I lived in Manhattan on the lower east side, 40 yrs ago, which was much more affordable then than what it is now. Of course anything is cheaper than living in NY.

[Goldendoodle1969]

Originally Posted by Amy1022

1. Alaska
2. Wyoming
3. Georgia
4. Arizona
5. Mississippi
6. Delaware
7. Nevada
8. Louisiana
9. South Carolina
10. Florida


Thanks! I have read Kiplinger on this, but none of those states don't appeal to me except for Delaware. I dislike extreme temperatures so that would leave out Alaska, Georgia, Arizona, Mississippi, Louisiana, South Carolina and Florida. Humidity would also do me in for some of those states.
I have included this. State-by-State Guide to Taxes on Retirees-Kiplinger
You an see that NH has mixed tax friendly for retiree results. It's better than NJ overall.

Have you been to NH in the winter? Granted it's not Alaska but it is pretty damn close. I would cross it off personally, SC is far more temperate than NH.

[pugloverboca]

I have a house in Monmouth County and, as of 3 years ago, a house in Palm Beach County, Florida. My husband and I are in our early 60's. The only reason we still have our house in New Jersey is because we have grandchildren in the state and like to see them often.

We are snowflakes; we go to Florida every month for a week or so. For those who don't like the Jacksonville area, you might like Delray Beach or Boca Raton. There's a saying in Florida that it gets more southern the further north you go. Delray and Boca are in southern FL and while the houses are stucco with barrel roofs, the feeling is very New York/New Jersey/Connecticut. There are plenty of restaurants of all types - Greek, Italian, Chinese, Indian, Middle Eastern, etc. I haven't come across the extremely religious types that you might encounter in the Deep South, but there are houses of worship of all kinds - synagogues, Mosques, Catholic, Baptist and other Christian denominations. In other words, it really feels like any suburb in NJ or Long Island. Also, although my husband and I are retired, we see plenty of young children. The school districts in those 2 towns are well-regarded; I don't think all the northern transplants would allow their kids to attend if they weren't! Palm Beach County also has a wonderful and extensive library system which is as good as the one in my NJ town.

That's just my own 2 cents. I like New Jersey and Florida equally. Unfortunately I'm in NJ today and watching the snow coming down!

[jerseygal4u]

Originally Posted by orangenj

I think NNJ is expensive, but CNJ and SNJ are much more affordable for middle- and working-class families.

South Jersey is REALLY cheap IMO.

I believe that South Jersey offers the best of both worlds....The COL is lower than NNJ,people are still a bit friendlier(almost like the South) and you still get to keep your high salary.

The downside? You might have an hour commute,but then again,when i lived down south i had an hour commute.


People really need to start checking out south Jersey before jumping down south.
Burlington and Gloucester County are beautiful

[MiaMia411]

Even the southern parts of NJ property taxes are expensive. This is the ill effect going on in the tri-state area and the public does nothing but keep voting for more taxes or just keep taking it.

[Ivan Putski]

Originally Posted by pugloverboca

I have a house in Monmouth County and, as of 3 years ago, a house in Palm Beach County, Florida. My husband and I are in our early 60's. The only reason we still have our house in New Jersey is because we have grandchildren in the state and like to see them often.

We are snowflakes; we go to Florida every month for a week or so. For those who don't like the Jacksonville area, you might like Delray Beach or Boca Raton. There's a saying in Florida that it gets more southern the further north you go. Delray and Boca are in southern FL and while the houses are stucco with barrel roofs, the feeling is very New York/New Jersey/Connecticut. There are plenty of restaurants of all types - Greek, Italian, Chinese, Indian, Middle Eastern, etc. I haven't come across the extremely religious types that you might encounter in the Deep South, but there are houses of worship of all kinds - synagogues, Mosques, Catholic, Baptist and other Christian denominations. In other words, it really feels like any suburb in NJ or Long Island. Also, although my husband and I are retired, we see plenty of young children. The school districts in those 2 towns are well-regarded; I don't think all the northern transplants would allow their kids to attend if they weren't! Palm Beach County also has a wonderful and extensive library system which is as good as the one in my NJ town.

That's just my own 2 cents. I like New Jersey and Florida equally. Unfortunately I'm in NJ today and watching the snow coming down!

My wife and I are seriously contemplating a move down to Florida (Ponte Vedra Beach/St. Johns near Jacksonville) where her father and step-mother lives. The schools from what I understand are excellent in certain districts (such as PVB & St. Johns) and the low property taxes, no state income tax etc. can't be beat.

We calculated that our monthly mortgage/prop tax/insurance would be cut by more than half. We'd live in a bigger/newer updated house close to the beach for less than $400k with property taxes less than $4k (not that bigger/newer is better but just making a point on how much more you can have for so much less).

My wife can work from home anywhere in the country and has a relatively high salary that would transfer to Florida without cost of living adjustments so luckily we can get by on 1 income (I would look for a job eventually). It's very very tempting and my wife's pushing it more and more. We just bought a house in 2012 in Wyckoff and though we've built considerable equity in just 3 years, I'd hate to shell out $50k - $60k in realtor/transfer tax/closing/moving costs this soon.

Tdstyles: Want to buy my house? I know you were looking in Wyckoff at one point