New Jersey's property tax **PIC**

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nick1985

Lifer
Dec 29, 2002
27,153
6
81
At least one person familiar with the area has mentioned that lawnside is a pretty lousy area. My bet is that the average property has a low value so the property taxes for the town need to be relatively high as a percentage of the assessed value to get enough money to cover the town's costs.

New Jersey is a pretty lousy area in general. Its NY's armpit
 

Jadow

Diamond Member
Feb 12, 2003
5,962
2
0
Warren Buffett lives in a relatively modest house that he bought in the 50s.

Sure his house is modest compared to his wealth, but it's still a damn nice house. They toured around it when he was interviewed on CNBC.

Brotha has a SODA FOUNTAIN in his kitchen!
 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
Is there a newer version of that? I'm curious as to what Mississippi's looks like in a year when it doesn't get partially obliterated by a hurricane.

As for property taxes, I think we need to abolish them. If a person can pay off the loan on a property and then be forced to give it up if they don't pay taxes on it, they don't really own it. They're just leasing it from the governement.

Property taxes are the fairest taxes we have. States that dont't institute income and/or sales taxes still have property taxes for a reason.
 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
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Really doesn't matter if the house is actually worth more....even at 600k, or even if it's worth a million, there shouldn't be 18k of property tax. That is simply ridiculous.

Wonder what kind of "government services" the people there get for that rate?

Not sure.why they are so expensive there but my friends pay close to that up here. However, their town has one of the best school systems in the state. Their house is also worth more than $ million.
 
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Chaotic42

Lifer
Jun 15, 2001
34,493
1,670
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Property taxes are the fairest taxes we have. States that dont't institute income and/or sales taxes still have property taxes for a reason.

How are they the fairest taxes we have? How is it fair that the government can take away *your* property for failure to pay taxes?

The reason those states have them is because it allows a tremendous amount of control over the citizens.
 

Wyndru

Diamond Member
Apr 9, 2009
7,318
4
76
Damn, I pay $3000/yr (school and property taxes combined) on a $250k house in upstate ny. I wouldn't be able to afford 18k, that's nuts.
 

Jumpem

Lifer
Sep 21, 2000
10,757
3
81
Damn, I pay $3000/yr (school and property taxes combined) on a $250k house in upstate ny. I wouldn't be able to afford 18k, that's nuts.

What county is that? Around Syracuse a $250k house would be $8-10k.
 

Wyndru

Diamond Member
Apr 9, 2009
7,318
4
76
What county is that? Around Syracuse a $250k house would be $8-10k.

Town of Colonie, (Albany County). They are known for their low taxes, which is part of the reason why we chose this area. A lot of areas around us are much higher, like Schenectady.

Apparently we are up for a revaluation soon though, so I expect to pay more when that happens.
 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
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How are they the fairest taxes we have? How is it fair that the government can take away *your* property for failure to pay taxes?

The reason those states have them is because it allows a tremendous amount of control over the citizens.

How do you plan on paying for schools, police, fire, streets, etc?

If you want to live in the woods with no roads, services, utilities, etc, be my guest.
 

mugs

Lifer
Apr 29, 2003
48,920
46
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How are they the fairest taxes we have? How is it fair that the government can take away *your* property for failure to pay taxes?

The reason those states have them is because it allows a tremendous amount of control over the citizens.

You're in tinfoil hat territory.
 

Chaotic42

Lifer
Jun 15, 2001
34,493
1,670
126
How do you plan on paying for schools, police, fire, streets, etc?

If you want to live in the woods with no roads, services, utilities, etc, be my guest.

Taxes on use. I'm not an economist, it might not be viable. I still pay property taxes, but I have no fire coverage from my county. I pay an extra fee for that.

You're in tinfoil hat territory.

I love the US and I like our form of government. The idea that the government can sieze your house for not paying taxes doesn't sit well with me. Neither does eminent domain.
 

KDOG

Diamond Member
Oct 9, 1999
5,525
14
81
I live in South Jersey and our house (actually my wifes house) run about $3,300 a year in taxes, which surprises me - I figured it would be higher. I think cuz we live basically in a resort area (Sea Isle City) - with all the campgrounds - and we are always in the black (or seem to be) is why our property taxes aren't higher But 18K... good gravy. We go camping in Gettysburg PA twice a year and we constantly talk about not going back.
 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
Unemployment, people who don't want to work or go to school, and illegal immigrants at the moment.

Unemployment would be state/fed. Being that Lawnside(pop < 3000) is 94% black, illegal immigrants would not be an issue.
 

Regs

Lifer
Aug 9, 2002
16,665
21
81
I live in South Jersey and our house (actually my wifes house) run about $3,300 a year in taxes, which surprises me - I figured it would be higher. I think cuz we live basically in a resort area (Sea Isle City) - with all the campgrounds - and we are always in the black (or seem to be) is why our property taxes aren't higher But 18K... good gravy. We go camping in Gettysburg PA twice a year and we constantly talk about not going back.

The population density in South Jersey is night and day compared to central and north Jersey. You have a few million people who work and commute to NYC because they can't afford to live in NYC. Supply and Demand increases the costs of just about everything here.
 

Regs

Lifer
Aug 9, 2002
16,665
21
81
Unemployment would be state/fed. Being that Lawnside(pop < 3000) is 94&#37; black, illegal immigrants would not be an issue.

State cuts funding to local districts, local districts raise local taxes. But you are right, unemployment does get payed out of income tax generally.
 
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Bignate603

Lifer
Sep 5, 2000
13,897
1
0
Taxes on use. I'm not an economist, it might not be viable. I still pay property taxes, but I have no fire coverage from my county. I pay an extra fee for that.

You're right, you're not an economist. Property taxes generally go to pay for services and while some might be at the state level often the majority is at the local level. That means the city or town roads, schools, parks, police and fire, etc. They don't give you an option to pay those because by just existing in the city you benefit from them.

1. Police: How can you pay "for use" on police? You benefit by them bringing down crime in the general area, you can't effectively fight crime on a house by house basis.
2. Fire: Again, you can't effectively protect people from fire on a house by house basis unless the houses are out in the boonies. In a city or suburb if one house goes up it can start secondary fires around it so the fire department has to show up to stop a widespread fire. Even if your house isn't the one burning you get a benefit when they put out the fire and keep it from spreading.
3. Roads: Even if you don't drive that stuff that's in the store definitely came there on a road.
4. Schools: People paid for you to go to school if you went to public school, now it's your turn to pay for the next generation to go to school. Also, from a purely selfish standpoint I want kids to go to school because at least then there is a better chance they won't end up as a leach on welfare or even just spending their days being idiot kids and causing trouble.

I love the US and I like our form of government. The idea that the government can sieze your house for not paying taxes doesn't sit well with me. Neither does eminent domain.

Eminent domain is a necessary evil, though it is often overused. In areas where the property is all owned privately like much of the north east or any densely populated area you'd never get a road, power line or gas line built if it weren't for eminent domain.
 

Jumpem

Lifer
Sep 21, 2000
10,757
3
81
Property taxes generally go to pay for services and while some might be at the state level often the majority is at the local level.

Or you have states like NY. The state mandates items that the counties have to provide, but the state does not provide funding for them. So a large part of your property taxes are for paying for state mandates that local government has no control over.
 

Slew Foot

Lifer
Sep 22, 2005
12,379
96
86
I cant tell exactly how many sqft that house is but around here, that house would EASILY clear 2 million and clear 22K/yr in property taxes. Fuck you california.
 
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