New Jersey's property tax **PIC**

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Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
fwiw - a little research shows that the house was built and sold in 2006 for $600k. It's a foreclosure and the current appraised value is $400k(which is what was used to calculate the property tax). Property taxes in Lawnside(pop of <3k) is an outstanding $4.484 per $100
 

Bateluer

Lifer
Jun 23, 2001
27,730
8
0
So this $275k house with 5 bedrooms, 3 baths have a property tax of....

Current Taxes:
$18,165 year

Mind you this house is in LAWNSIDE, this area is one step up from Camden, NJ. The murder capital of the united states.

9 SPICER PLACE, Lawnside, NJ 08045




http://www.ziprealty.com/buy_a_home...f4hb2&page=1&listing_num=5725106&numResults=7

Not much left for the individual after you take out federal income tax, federal medicare, social security, state income tax, local income tax, sales tax, etc. Is it any wonder people are so ticked off at their elected leaders?
 

mugs

Lifer
Apr 29, 2003
48,920
46
91
When I was looking at houses in various areas of central NJ the taxes were always in the vicinity of 1.5-2&#37;. Also, most households qualify for a homestead tax credit of ~$1000.

Our total tax burden is higher than average because we subsidize all of the red states where people bitch and moan about welfare without realizing that they benefit from it.
 

jackace

Golden Member
Oct 6, 2004
1,307
0
0
So, you think Buffet's average employee pays $26k in property tax every year?

And of course he pays a lower percentage (but a lot more in raw dollars), he's paying a totally different tax than his employees. That's just how the system works.

I think their point is the system is not working when someone who makes as much as Buffet can pay a lower percentage of his income in taxes compared to his Secretary.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
When I was looking at houses in various areas of central NJ the taxes were always in the vicinity of 1.5-2&#37;. Also, most households qualify for a homestead tax credit of ~$1000.

Our total tax burden is higher than average because we subsidize all of the red states where people bitch and moan about welfare without realizing that they benefit from it.

That's what you get for promoting Federalism. Once you make social welfare a Federal issue it's only natural low population states will have disproportionate representation on that money with 2 senators. Who's more powerful per capita? NJ with two or WY with two votes.
 

Nebor

Lifer
Jun 24, 2003
29,582
12
76
When I was looking at houses in various areas of central NJ the taxes were always in the vicinity of 1.5-2%. Also, most households qualify for a homestead tax credit of ~$1000.

Our total tax burden is higher than average because we subsidize all of the red states where people bitch and moan about welfare without realizing that they benefit from it.

That's really generous of the people of New Jersey. Presumably if they had a problem with giving their hard earned money to people in other states, just because the people in those states would rather not pay taxes themselves, then the people of New Jersey would lower their taxes. Thanks New Jersey!
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Thanks New Jersey!
LOL

Blue states are fools who have seen nothing yet. Wait until their pensioners take 100&#37; of their taxes and leave zero for current services. That house wont be worth $5. (PITA to strip copper wiring with drywall/insulation up)
 
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BarkingGhostar

Diamond Member
Nov 20, 2009
8,410
1,617
136
<smarmy tax-leeching commie>If you don't like it, move.</smarmy tax-leeching commie>

But srsly, the only way money-hungry politicians are going to learn a lesson about over-taxation and over-spending is if those getting fucked move to a less wallet-fucking state.
Dumb is as dumb does.
 

dfuze

Lifer
Feb 15, 2006
11,953
0
71
18k? I'd like to know what kind of "services" the town claims that goes to
 

nageov3t

Lifer
Feb 18, 2004
42,808
83
91
story doesn't add up.
if true, everyone leaves, no taxes...problem solved.
people are, in fact, leaving.

other people stay and suck it up because of family, friends, work, etc.

I can't find it on google, but I could have sworn I read somewhere that Jersey was one of the top states in terms of people going to college out of state and not coming back.
 

boomhower

Diamond Member
Sep 13, 2007
7,228
19
81
fwiw - a little research shows that the house was built and sold in 2006 for $600k. It's a foreclosure and the current appraised value is $400k(which is what was used to calculate the property tax). Property taxes in Lawnside(pop of <3k) is an outstanding $4.484 per $100

Makes a lot more sense, it's a 600k tax value foreclosed and trying to get rid of it for $275k.

But damn $4.484/100?!?!?! That's insane.
 

Mermaidman

Diamond Member
Sep 4, 2003
7,987
93
91
fwiw - a little research shows that the house was built and sold in 2006 for $600k. It's a foreclosure and the current appraised value is $400k(which is what was used to calculate the property tax). Property taxes in Lawnside(pop of <3k) is an outstanding $4.484 per $100

Bravo.
 

0roo0roo

No Lifer
Sep 21, 2002
64,795
84
91
people are, in fact, leaving.

other people stay and suck it up because of family, friends, work, etc.

I can't find it on google, but I could have sworn I read somewhere that Jersey was one of the top states in terms of people going to college out of state and not coming back.

i'm sure there are plenty of reasons to leave. that part of the country is filled with places to live. but i don't think new grads are paying 18k tax bills. never mind the average jersey joe. story doesn't jive
 

NFS4

No Lifer
Oct 9, 1999
72,636
47
91
Are you flipping kidding me? Sheesh!

Our 3-bedroom, ~1900 sq ft house is worth $174k and we pay just $1,800 in property taxes.

Remind me to never move up north D:
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Twas nice being a clueless kid... those were the days.

He was talking about "percent" of tax, not the amount. Warren's secretary paid over 30&#37; tax a few years ago when Warren's tax rate was 17.xx%....because of the max 15% capital gains tax (which were the majority of his earnings). Her max tax rate was much higher because she had regular income (just over $70,000 IIRC compared to his billion + )

Back to the OP...that's pitiful. I wouldn't stay in a shit hole like that (tax wise). Do not want.
 

Blackjack200

Lifer
May 28, 2007
15,995
1,688
126
Are you flipping kidding me? Sheesh!

Our 3-bedroom, ~1900 sq ft house is worth $174k and we pay just $1,800 in property taxes.

Remind me to never move up north D:

Definitely don't come up. Nothing to see here.,.. ()
 

mfenn

Elite Member
Jan 17, 2010
22,400
5
71
www.mfenn.com
Every time we have one of these threads, it's full of the same butthurt NJans with the same tired old arguments. It must make them feel better after the anal rapeage their state and municipalities give them.
 

Bignate603

Lifer
Sep 5, 2000
13,897
1
0
fwiw - a little research shows that the house was built and sold in 2006 for $600k. It's a foreclosure and the current appraised value is $400k(which is what was used to calculate the property tax). Property taxes in Lawnside(pop of <3k) is an outstanding $4.484 per $100

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.
 

Pacfanweb

Lifer
Jan 2, 2000
13,155
59
91
fwiw - a little research shows that the house was built and sold in 2006 for $600k. It's a foreclosure and the current appraised value is $400k(which is what was used to calculate the property tax). Property taxes in Lawnside(pop of <3k) is an outstanding $4.484 per $100

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?
 

Chaotic42

Lifer
Jun 15, 2001
34,483
1,663
126
Admittedly New Jersey is at the bottom of this list at $0.61 received per $1.00 paid, but Nevada is only four cents higher despite having one of the lowest tax burdens in the nation. Over-generalization is overly general.

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.
 

sjwaste

Diamond Member
Aug 2, 2000
8,757
12
81
Wow, that's kind of a shitty town too. My family still lives in south jersey and pays out the ass on property taxes. Not sure why they still do it - they've been talking about moving for years now.

I pay about 1&#37; in Arlington, VA.
 
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