New Jersey's property tax **PIC**

[Mojoed]

Hah, my 5-6 BR 2800 Sq. foot house costs me around $600 per year for insurance. Nice area too. I can't even imagine paying $1000 per year for insurance. 18k? Jesus.

 

[TridenT]

Hah, my 5-6 BR 2800 Sq. foot house costs me around $600 per year for insurance. Nice area too. I can't even imagine paying $1000 per year for insurance. 18k? Jesus.

Insurance? We're talking about property taxes.

 

[Bignate603]

Uh-huh. Troll man fails.

Jealous much?

What's there to be jealous about? You've already shown that you drop your classes at the first sign that they might be even slightly difficult. If you continue doing things like that you're just going to spin your wheels for a while at school, run out of free money, and in the end just have a few wasted years to show for it, no degree and no real hope of supporting yourself. Why would I be jealous about that?

 

[Mojoed]

Insurance? We're talking about property taxes.

Oops my bad. Meant to type taxes. Just checked and it's $642 per year.

 

[bfdd]

Yeah, we all should move to the low tax, low services states that only survive on the tax money from the rich states.


Wait......?????

California pays the most in taxes and gets less back in return AND we have the most people on welfare. Your argument is shit.

 

[alkemyst]

Is 6,000 sqft really a mansion?

I'd say at least 12,000 is mansion.

yeah it's suit the imaginary supermodel g/f you have just fine.

I said it's a 6000 sqft mansion for all intents. It's going to be outfitted at an uber level of quality. When he entertains he isn't having people at home.

 

[alkemyst]

Before the crash, I'd see 1/4 acre lots with 40-50 year old houses... old 2 BR trashes you KNEW people were just gonna demolish. These houses went for $900k. You're not paying for the house because we know every new person moving here is some sort of Asian. The latest trend is that they're from Mainland China. They're going to buy it and tear it down and build a 5BR or 6BR monster. That's how things work.




Yup. It's the land that's a killer. In Silicon Valley, you're paying for land and schools. No one cares about the house. Look down my neighborhood. Half the houses are remodeled, torn down and rebuilt or whatever.



Shrug. Nothing wrong with that? I am an only child and we live in a 4000 sq foot house. Why build small when you have the lot to contain it? I suppose this is an Asian thing though. We built this years ago thinking our grandparents would move to the US and live here also. But I guess that's not the case. And since I'm not getting married anytime soon and I don't know if I'm planning to have an assload of kids yet... seems kinda sad we're paying property taxes up the wazoo on this thing. Heh.

This sounds all great on paper...but you are living there right? I guess no one else does just that either, they all knock down 900k homes to start over.

Everytime I hear this story when the truth comes out it's some kid that has no clue and isn't even living in the neighborhood he's talking about.

 

[Slew Foot]

This sounds all great on paper...but you are living there right? I guess no one else does just that either, they all knock down 900k homes to start over.

Everytime I hear this story when the truth comes out it's some kid that has no clue and isn't even living in the neighborhood he's talking about.

Ill attest to that. Its not a 900K home, its 850K in land, and a POS 50K house thats falling apart and was built 50 years ago.

 

[TridenT]

What's there to be jealous about? You've already shown that you drop your classes at the first sign that they might be even slightly difficult. If you continue doing things like that you're just going to spin your wheels for a while at school, run out of free money, and in the end just have a few wasted years to show for it, no degree and no real hope of supporting yourself. Why would I be jealous about that?

You don't know how my benefits work.

 

[alkemyst]

Ill attest to that. Its not a 900K home, its 850K in land, and a POS 50K house thats falling apart and was built 50 years ago.

so they bought it when it wasn't worth anything?

 

[rh71]

Oops my bad. Meant to type taxes. Just checked and it's $642 per year.

what area? Are you in the boonies?

 

[rh71]

California pays the most in taxes and gets less back in return AND we have the most people on welfare. Your argument is shit.

FYI not according to mugs' site - you guys don't pay the most in taxes, there are a handful ahead of you... last report you're 6th: http://www.taxfoundation.org/taxdata/show/336.html (scroll all the way down the chart for latest year, 2008)

 

[eits]

Nuff said

lol, seriously.

 

[mugs]

FYI not according to mugs' site - you guys don't pay the most in taxes, there are a handful ahead of you... last report you're 6th: http://www.taxfoundation.org/taxdata/show/336.html (scroll all the way down the chart for latest year, 2008)

Yeah, NJ pays the most in state and local taxes, NJ also receives the least federal spending ($.61 per $1 in federal income taxes; CA is $.78 and Mississippi is $2.02. It's no wonder Mississippi's local taxes are so low.

 

[Rudee]

$275 for that house is cheap. Where I live, you can't even get into a decent starter home for under $340k.

 

[BurnItDwn]

That's steep ... I would certainly appeal if I were paying close to that...

Property taxes are pretty high here in Illinios.. In Cook county or Lake County IL, it would probably be around 7-8K for a 275K property.

 

[JeffreyLebowski]

I love how a STATE/COUNTY/CITY tax which is what property taxes are, are equated to Federal taxes and the redistrobution of them.

If you want to talk about re-distrobution of Federal taxes, it all boils down to population density.

 

[mugs]

I love how a STATE/COUNTY/CITY tax which is what property taxes are, are equated to Federal taxes and the redistrobution of them.

If you want to talk about re-distrobution of Federal taxes, it all boils down to population density.

Not equated to, related to. Significant amounts of federal money filters down to the state and local levels, which is one reason why states made such a big deal about everyone being counted in the census.

Some of the federal money is spent in the states, i.e. salaries for government employees, purchases from companies, etc. That money contributes to the state economy but is not a dollar for dollar contribution to the state budget. Other money is given directly to the states to spend on specific things that would otherwise come out of state or local budgets (i.e. roads, education). Every dollar of that money reduces the need to collect taxes at the state and local levels.

 

[quikah]

And Buffet DOES pay less property tax than his secretary, if you choose an expensive home he has in California versus an average price home his secretary has in Omaha.
http://www.wealthandwant.com/docs/Buffett_Prop13.html

UH, all of those houses are HIS, not his secretaries.

 

[EagleKeeper]

Nevada is a completely different animal than New Jersey. Nevada is a relatively new state without many of the costs associated with with older, built up states.

Fast growing states like Nevada benefit from development of virgin land and the money of the people moving into it(Nevada has more people who have moved there than any other state). So, for awhile Nevada can have low taxation. Once it matures and its population grows older, infrastructure grows older, they will have to increase taxes.

There are only 3-4 areas of Nevada that are growing.
Majority of the state is under Uncle Sam control.
What land there is available is not condusive for a large population growth.

People have moved to Nevada for the promise of quick returns or to escape the high COLA of other states.
When they arrive in NV, the reality is different than the expectation. There is a distinct lack of well paying jobs and the housing/construction market has burst.

NV also has a high turn around of population.