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Posts tagged as:

Property Taxes

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

January 15, 2010

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?  What [...]

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Was a Reverse Mortgage the Right Decision?

June 7, 2009

Question:  My husband and I thought a reverse mortgage was the greatest thing for us, as he was retired and we owned our home. Seven months later, he died and I borrowed on the house for funerals (I prepaid mine also), credit card debt we carried, loans we had, house repairs and what have you. [...]

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Property Tax Appeals Rising Rapidly in New Jersey

May 13, 2009

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 increase [...]

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