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HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015.

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Average Property taxes paid

Alpine $20,880.00
Tenafly $18,787.00
Demarest $17,937.00
Upper Saddle River $17,112.00
Haworth $16,940.00
Ridgewood $16,798.00
Saddle River $16,670.00
Franklin Lks $16,635.00
Old Tappan $15,765.00
Glen Rock $15,157.00
Woodcliff lake $15,139.00
HoHoKus $15,045.00
Allendale $14,551.00
Oradell $13,796.00
Wyckoff  $13,280.00
Midland Park $11,020.00
Waldwick $10,396.00
Washington Twp 10,157.00
Fair Lawn $10,012.00
Mahwah $8,154.00

file photo by Boyd Loving

EXCLUSIVE: Property taxes up $537 million

HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015.

Michael Symons,

Hold onto your wallets: Property taxes in New Jersey increased by their fastest rate in four years in 2015, with landowners shelling out an extra $537 million.

The hike pushed the average local tax bill to $8,354 for homeowners, up $193 from the prior year, according to data compiled exclusively by the Asbury Park Press. That’s an increase of 2.4 percent, despite a supposed 2 percent cap enacted in 2010.

The jump marks the second straight year New Jersey’s property tax hike has gotten bigger, after three years of slowing growth in Gov. Chris Christie’s first term. Monmouth and Ocean counties fared worse most of the state with tax boosts of 2.6 percent and 3.3 percent, respectively.

The trend undercuts one of Christie’s selling points as he touts his gubernatorial record on the GOP presidential campaign trail. On his campaign website, Christie says property taxes are rising at their slowest pace “in more than two decades.” Growth has grown since dipping to 1.3 percent in 2013.

The new accounting tells a costly different story — in a state where homeowners already pay the highest-in-the-nation property taxes. That burden helped drive nearly 14,000 to sign an Asbury Park Press petition urging elected officials to cut property taxes. The petition came in tandem with Asbury Park Press’s investigation of the tax crisis last fall.

Stay or leave?

Adrienne DiPietro’s property taxes have tripled in the 20 years she has lived in Eatontown. She remains optimistic elected officials will do something about the problem but says “I’m not holding my breath.” She is considering whether she and her husband, Paul, will stay in New Jersey. Both are retirees.

“All of our retirement income, we have to start thinking about this in the next five years or so: Do we want to stay here and keep coughing up that much taxes?” DiPietro said. “Do we want to stay here, because the taxes are only going up and up?”

https://www.app.com/story/insider/2016/01/08/nj-property-tax-increases/78504096/

21 thoughts on “HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015.

  1. Thanks Obama, I mean Christie!

    1. you forgot to thank Sweeney, Prieto, Corzine,, MacCreepy , Florio , etc…..

  2. It is insane. The number of elderly who have to sell their homes is insane. They invest their life in the house (financially and emotionally) and then they can’t afford it because of increasing taxes. Just do a research on how many ‘for sale’ homes in Ridgewood are from elderly and you will realize it.

  3. Ridgewood now top six avg property taxes paid in NJ… and yet our schools aren’t top 20. Tough when you lock yourselves in to unsustainable wage, accumulated leave, and pension & health benefit promises well in excess of inflation for teachers and public safety (+4% annual wage increases since 2009) vs non-existent private sector wage and real estate price inflation.BoE and VoR fixed costs balloon vs property tax payers spending more and more of their disposable, out-of-pocket wallet share every year just to keep up with tax rate increases. It’s called a Ponzi scheme.

  4. Watch our for the $100K public pensionistas and assorted union thugs posting here that we don’t pay our “fair share” in taxes just so they can continue their vampire squid existence, wrapped around the face of humanity, relentlessly jamming their blood funnel into anything that smells like money….

  5. Quick, what do Sweeney, Prieto, Sarlo, Florio, McGreevey, and Corzine all have in common?

  6. State taxes going up in NJ too it appears thanks to the goons pictured here https://www.northjersey.com/opinion/a-public-pension-is-not-a-constitutional-right-1.1489107

  7. How does it feel giving more and more disposable income every year out of your pocket to these thugs so they can spend it on past promises? https://www.northjersey.com/polopoly_fs/1.1182953.1452522644!/fileImage/httpImage/image.jpg_gen/derivatives/box_650/sweeney-prieto.jpg

  8. 8:27 many of those elderly probably weren’t against a single government expenditure for their entire life.
    By the way, it’s not surprising that elderly sell their houses, happens all the time.
    Don’t be shocked that most of the purchasers are new families, that happens all the time also.
    Kind of like night following day. Happens all the time.

  9. Ridgewood Taxpayer… Even though we may disagree on occasion, you’re so right about the natural inward and outward flow here.. Many people that have raised their kids and now have a few bedrooms too many naturally move, usually to warmer climates… while many rail against those families that raise their kids and move on, the dreaded newbies that come in are vital to Ridgewood continuing to be a desireable place to live… yeah, there are a number of issues going on, but what place doesn’t have issues.. my only difference is I’d refer to it as day following night… I think it’s great to see young families coming in..

  10. Ridgewood Taxpayer. It happens all the time because I can no longer live here after 30 years.

    Your first sentence about the voting habits of people is pure guesswork.

    It is true that the houses will probably be sold to young families , other empty nesters would not be interested. It would be interesting to see if this turnover rate has been accelerating in recent years. If empty nesters are moving sooner the schools would not get their much needed breather in enrollments.

    When empty nesters sell to families with kids it is a net income loss for the schools.

    All day kindergarten, are you kidding? Pay for enrichment and move on. One year of half day enrichment is manageable. Adding more teachers to the payroll is a budget buster.

    DON’T FORGET TO TAKE THE BOE SURVEY ON ALL DAY KINDERGARTEN. LIKE THE GARAGE THEY ARE LOOKING FOR JUSTIFICATION.

  11. Anonymous January 12, 2016 at 8:43 am said,

    How does it feel giving more and more disposable income every year out of your pocket to these thugs so they can spend it on past promises?
    .
    Too bad those past promises are legally binding……
    .
    https://www.cgsh.com/files/News/2b17e269-552e-44b8-90c9-f9a350b4dab0/Presentation/NewsAttachment/25ad0391-4959-4f6c-8a04-fa138e0e1630/N.J.%20State%20Pensions%20-%20Veto%20of%20Pension%20Funding%20Violates%20Public%20Employees%e2%80%99%20Contractual%20Rights.pdf

  12. If not for Christie and the 2% limit, it would be worse

  13. Agreed 6:49, but the 2% only limits the increase in property taxes… It doesn’t help much when the Village agreed to 4%+ annual wage increases for Police & Fire ahead of that 2%. Also pensions and healthcare are exempt from that 2% and they’ve been growing almost 10% thanks to those legally binding contracts (“CBAs”) that 5:39 refers to above… For example, as it stands today, Village taxpayers will bear all of the new 40% excise tax from 2018 on the subsidized “Platinum” health benefits of teachers and municipal employees which cost $26,000+ a year for family plans. That is exempt from the 2%, and will be a large new burden on taxpayers unless current employees and retirees are downgraded to “Bronze” benefit plans. These public employees can always pay more out of their own pockets if they want to keep the “Platinum” care.

  14. People, the 2% cap doesn’t apply to pensions or healthcare and those are growing much faster – in Ridgewood alone, the healthcare premiums paid by taxpayers to subsidize Village employees & special (early) retirees are growing 10% a year

  15. $17,000 is the average per household in Ridgewood, so that’s almost $35,000 a year pretax. Assuming most elderly people don’t have a mortgage, but still adding in home repairs, and cost of living expenses, and your carrying cost in Ridgewood is only worth it if the schools are good and you have kids in those schools.

  16. 943- I never felt that kids are balance sheet entries- thinking of children in terms of a monetary negative speaks volumes- law of supply and demand continues here- it’s a great town with great services which is driving demand to live here- yes there are issues but the solution is not to wall off the town to newcomers that have the temerity to want to raise a family here-

  17. Oh yeah 943.. one last thing…I agree 1/2 day Kindergarten is fine too… in your mind that should be a net credit…

  18. 5:39 noted that past promises are legally binding – I agree. However, public employees were made promises that the state could never keep. When municipality and state contract negotiations are with people who were elected thanks to union support for 20+ years, they will promise the moon to public sector unions in return. So it’s great you were promised the moon by the government officials your unions helped elect – and if that included unsustainable wage growth, excessive pension & health benefits, and pretty much everything else you wanted, then good luck in bankruptcy court when the money runs out.

  19. Apparently you can’t read or you have poor comprehensive skills January 13, 2016 at 7:58 am! If you read the link I posted you would know New Jersey can not declair bankruptcy. But keep dreaming.

  20. January 13, 2016 at 7:58 am said,
    .
    When municipality and state contract negotiations are with people who were elected thanks to union support for 20+ years, they will promise the moon to public sector unions in return.
    .
    Really, so you think public sector unions can impact elections? Is that why Christie only had one term after attacking every public sector union duri g his first term? Oh wait isn’t Christie in the middle of his second term? So much for your stupid idea.

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