Just felt like writing about living in New Jersey!
I'm not a fan of a 7% sales tax but when the state's budget is completely out of line--you've got to do what it takes to remedy the problem, even if it's going to sting for a while.
The party is over and it's time to sober up New Jersey. You might be wondering what this has to do with real estate. Well, one of the issues that the govenor ran on was the state's insane property taxes and now I'm wondering if he is going to really do something about it. We have the highest property taxes (I'd prefer quality of life, but hey) in the country and it's beyond the point of ridiculous. If services must be cut, so be it.
When I speak with some of my clients and I tell them that the taxes alone will cost $833 a month they go into cardiac arrest. Now as the market turns, inventory sits longer and rates go up perhaps getting our property taxes corrected will help families maintain some ground and hopefully get ahead.
The party is over and it's time to sober up New Jersey. You might be wondering what this has to do with real estate. Well, one of the issues that the govenor ran on was the state's insane property taxes and now I'm wondering if he is going to really do something about it. We have the highest property taxes (I'd prefer quality of life, but hey) in the country and it's beyond the point of ridiculous. If services must be cut, so be it.
When I speak with some of my clients and I tell them that the taxes alone will cost $833 a month they go into cardiac arrest. Now as the market turns, inventory sits longer and rates go up perhaps getting our property taxes corrected will help families maintain some ground and hopefully get ahead.
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