Every NJ Town's Average Property Tax Bill In Newly Released List (Newark: low income, real estate)
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It is kind of a useless list, because it ranks the towns by the nominal property taxes paid. This is not very helpful.
If I have $1M to spend on a house, and I am choosing between towns, I want to know which towns are going to charge me the most and the least for my $1M house.
Your list has Millburn as the second highest....
....yet the property taxes on my $1M house in Millburn is only going to be $18,000.
While the property taxes on my $1M house in West Orange is going to be double, at $36,000.
In Montclair, my property taxes on my $1M house will be $30,000.
In Livingston it will be $23,000.
So, Millburn is actually one of the lowest, NOT highest.
So if you want to know which towns pay the highest, nominally, your list is fine. But I dont know what the use of such a list is. A list of the average effective tax RATE is much more useful.
You can find that information on this NJ Treasury Department website...
Taxes in Irvington and Newark are higher than those in East Rutherford, South Plainfield and Secaucus.
Its sad for homeowners in crap towns to pay all those taxes and then get so little back in return. You pay those taxes and then have to pay for private school on top of that!
Taxes in Irvington a d Newark are higher than those in East Rutherford and Secaucus.
Its sad for homeowners in crap towns to pay all those taxes and then get so little back in return.
The problem with towns like Irvington and Newark is that the properties are not worth much, yet, the local government still needs to be paid for, just like in a rich town. So you need to take a higher percentage from the homes in poor towns.
Conversely, if all the homes in a town are expensive, you can take a lower percentage from each home and still cover the town’s expenses.
Taxes in Irvington and Newark are higher than those in East Rutherford, South Plainfield and Secaucus.
Its sad for homeowners in crap towns to pay all those taxes and then get so little back in return. You pay those taxes and then have to pay for private school on top of that!
The main reasons are:
1. House was gifted and all they have to pay is taxes.
2. Homeowner is over 65 and froze the taxes a long time ago and it makes no sense to move now especially if they are taking care of children and grand children.
3. Many homes are multi family or have been coverted to multi family. This means a large percentage of carrying charges are covered through rental income. I see apartments rented to extended family members -often newer immigrants, which helps with sharing cars, babysitters, and other resources. New buyers will put in sweat equity to fix up the house and divide it up for the extended family or for rental income.
4. You can live in one of these towns without a car because there is citywide buses and walkable stores. Also other resources for low income families including doctors who take medicaid, free headstart and preschool options, more people who speak their native language, stores that carry familiar products and churches where they want to worship.
Even with the high taxes it makes financial sense for many many families to continue to live in dangerous cities with high property taxes.
Same reason why everybody in average towns can't just pick up and move to Alpine or Short Hills
Last edited by MemoryMaker; 03-05-2019 at 12:08 PM..
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