Updated February 16, 2017
Posted February 14, 2017
Housing prices in New Jersey have suffered from the recession, and have yet to hit pre-recession levels. Most housing prices fell between the 2005-2009 Census and the 2011-2015 Census. To balance out those effects, NJ Advance Media looked at Zillow data comparing the 2012-2013 average home sale price with the 2014-2015 sale price.
Well, Ridgewood home prices are DOWN -7.55% from avg $778K in 2005-2009 to $716K in 2011-2015. My property taxes are definitely not down 7.55% since 2009. So how does that work? Oh right, raise the mill rate on lower assessed values. What a joke.