New Jersey

New Jersey Property Taxes: Why Must I Pay My Arm AND My Leg?

New Jersey property taxes are a big monster in local communities that is preying on homeowners.  Local governments and schools in New Jersey collected $23 billion in taxes last year from property owners.  New Jersey’s 2008 median real estate tax bill was $6,320 (as estimated by the 2008 American Community Survey). Why are they so high?  [...]

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Warning Regarding Mortgage Loan Modification Activity in New Jersey

Mortgage loan modification has become very popular over the past year.  Even those who don’t own a home seem to know something about it or have heard the buzz. Homeowners with mortgage loans try to get a modification when they find they can no longer afford the mortgage payment but cannot qualify to refinance.  Instead [...]

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Property Tax Appeals Rising Rapidly in New Jersey

As real estate values have declined, a large number of New Jersey homeowners and business owners are trying to lower their property taxes.  State offices are flooded with appeals. This is a catch-22 for many municipalities who we know rely on this tax revenue to provide public services.  It seems these tax appeals will only [...]

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