Anyone Move Back to NJ & Either Move Away Again or Regret the Move Back Because of Taxes? (Highlands: big house, neighborhoods)

[onegreatnurse]

Originally Posted by TheLuckoftheDraw

Now that your property taxes can't increase more than 2% per year you should be fine. Send a letter of gratitude to Governor Christie. In 10 years, it could be as low as $12,000 per year for you.

The 2% refers only to the part of the budget that excludes the school budget so they can do whatever they want with the school budget which accounts for the majority of the property taxes. My property taxes went up 7.5% last year. After fighting them for an adjustment for the ridiculously overvalued assessment I got a slight reprieve for 2 year but they certainly stuck it to me this past year. Sadly as a single professional and mother of an 18 year old who is already in Florida so he can go to college much cheaper than here I feel I held on as long as I could here but the cost is driving me out my salary does not rise fast enough here to keep up. I may make slightly less in Florida or even the same I'm not sure if my company forces a regionl pay cut on you but even with that no state income tax and property taxes that will be 25% of what I pay now are what tipped the scales for me in addition to this weather. My raise this year was 2.9% which ironically is the largest I have ever gotten. That's Cola. I can buy a new house for what I can get for this WWII era cape with all the amenities without having to deal with the aging of the house and repairs and snow removal. Hopefully I am out within the net year. Fear of the unknown has kept me here but the fear of not being able to ever save anything and living up against it here has become stronger than ever. Too bad I used to like it here.

[izannimda]

Originally Posted by nj_guy1975

I can understand the "there's no place like home" sentiment, but honestly if I did were not living in the NY-metro area because of work, and if I were already settled somewhere else with gainful employment, I would not move back. The cost of living around here doesn't justify living here unless you need to for work.

Maybe use some of your extra money to take a few trips to the area each year to indulge your nostalgia without moving back here ...

I could not agree more. The ONLY reason I'm still living in this overpriced state is because I need to be here for my job, but I'm so out of here when I'm able to retire. The cost of living in The People's Republic Of New Jersey is obscene, and no place for anyone on a fixed income to retire.

[G1..]

I moved from NJ for a lot of the same reasons others have but all so for work and I am now in Maryland which is just as bad ....they have a "RAIN TAX" and that is only in some counties .To move to the parts of NJ I would be happy in I can't swing it ,I do pretty well but I can't afford a property tax of 7,000 or higher and even that is outrageous . My mother's house was paid off but he property tax was 18,000 we had to sell the house and move her so she could still afford to live .Christie is a joke .

[Goldendoodle1969]

Originally Posted by Ivan Putski

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

I'm over Wyckoff. Wayne is home until my kids are in college and my tiki bar in the keys is feasible.

[hittheroadjack]

Originally Posted by back2jersey

That goes right along with my fear of 'what if' when it comes to retirement age. I don't want to turn 70 years old someday for example and not be able to afford the taxes on my house then have to move South again (or somewhere else where it's must less expensive). I'm very disillusioned with living in the South. It's not as cheap as folks are led to believe. Salaries and wages are very low in comparison even though the housing is less expensive. Yes, the property taxes are lower but there are other costs involved - vehicle tax, HOA dues, good ole hurricane insurance (wind and hail - it's not called hurriance insurance anymore) - that quickly add up and it's not as inexpensive as folks are led to believe. The bills keep coming but the salaries are very low and opportunities just aren't there so it becomes much more expensive than folks ever realize. A large part of me wants to come back to NJ for the higher salaries, better opportunities, etc. so that I can make some money to stash away for retirement but am afraid I won't be able to stay in the long term once I do get there because of the high taxes. In a way I feel caught between a rock and a hard place.

New Jersey has myriad of Senior Housing in the Southern part of it that it has very affordable taxes.....as well as the house itself.

I am retired, living in a huge house, but after travelling 48 states in the USA, there is no place like home...I go to Florida for two months' each winter, rent a house there, give back the key, no hassles, and back to my home..........that is where I feel that i am the happiest, and where I belong.....

[NJFillet]

It definitely depends. A lot of people from NJ end up staying in NJ and just accept the taxes as part of life. I moved back to NJ from Philly and my taxes literally quadrupled...but I can also use that against my federal income taxes so it's kind of a wash really.

Originally Posted by jerseygal4u

People really need to start checking out south Jersey before jumping down south.

Nooo! They don't. Let them go. South Jersey is crowded enough already.

[tahiti]

Originally Posted by NJFillet

It definitely depends. A lot of people from NJ end up staying in NJ and just accept the taxes as part of life. I moved back to NJ from Philly and my taxes literally quadrupled...but I can also use that against my federal income taxes so it's kind of a wash really.



Nooo! They don't. Let them go. South Jersey is crowded enough already.

Yes. While it's not a wash, it really does keep our federal liability down. Our federal effective tax rate is about 12%.

[Capitalprophets]

Just do it and take it how it comes. Live your life to the fullest.

[roaringriver]

moved from nj in 2003 to a small town in nc, never going back to nj,can't retire in nj with the taxes.......
I'am now retired with money left over. payed cash for my 2 houses from the sale of my nj home..........

[Whiskey-Pete]

We literally moved out of Jersey 3 weeks ago. The high cost of living, politics : including nanny-state BS, gun laws, horrible drivers on the roads and rude people in general had become unbarable . Never in my 50 years growing up in Jersey did i think it would come to this. We now live near the edge of the desert in a town just south of Las Vegas called Henderson. The people are super friendly, the cost of living is a fraction. Property taxes range from $300 to $600 per year for an average home . Not to mention that i've been wearing cargo shorts since my first day here . It's sunny 7 days a week.
On the downside i'll miss pizza and Sabrette hot dogs. well worth the sacrifice. I will adjust.