In 2010, Ridgewood ranked 3rd highest in Bergen County in employees making more than $100,000 with 70 employees or 24.4%
In 2010, Ridgewood ranked 3rd highest in Bergen County in employees making more than $100,000 with 70 employees or 24.4% of the Village workforce compared to our neighboring communities of Glen Rock at 12.6%, Midland Park at 2%, Ho-Ho-Kus at 1.6% and Westwood at 2.6%. Ridgewood is only one of four municipalities in Bergen County with a full-time Fire Department and 67% of Firefighters (28/42) had base salaries over $100,000 in 2011. The median for Ridgewood FD was $118,290. 80% of Ridgewood Police (33/41) had base salaries over $100,000 in 2011. The median for Ridgewood PD was $128,239. Annual vacation benefit for Ridgewood employees can grow up to a maximum of 31 days, excluding compensatory time off, sick days, and other forms of paid leave – this compares with 13 days for the median full-time worker in the U.S. in 2011. Qualified retirees (25 years of service for police & fire) are eligible for pension (65% of compensation prior to retirement) and medical benefits (at no cost) for life. Upon death, the pension and benefits accrue to the retirees spouse for his or her life. The number of public retirees in NJ receiving over $100,000 in pension payments increased 28% in 2011, including 6 retirees from Ridgewood Village departments receiving over $634,000 per year (an average of over $105,000 each), excluding health benefits, according to New Jersey
Watchdog.org.
Thank god for taxpayers. Most of these people would never make this money in the private sector, it is becoming a joke.
Wow.
I know landscapers that make more than that, welders and, electricians also. A hundred grand is not what it used to be.
Yawn, this is getting tiring. You get what you pay for. You want lower taxes, there are a multitude of towns with lower taxes to chose from. I moved to Ridgewood knowing what the property taxes on my home would be before the closing.
It sounds to me like you didn’t do your due diligence to find out what your real estate taxes were before you bought your home, and when you did finally find out you got sticker shock.
If you want quality you buy a Mercedes Benz and gladly pay the price, but you don’t drive to a Mercedes Benz dealer with enough money to buy Chevy or a Ford and then complain about the price of the Mercedes Benz. I suggest you leave the Mercedes Benz dealership and check out those nice little Hyundai’s down the block.
Can we start a thread: “What have unions done for you”
Thanks.
I bought my home knowing what my taxes were too.
I didn’t expect them to double.
Theres no ‘deals’ in NJ on property taxes due to the foolish laws that require taxpayers to foot the school budge (except in abbot districts like Paterson)
I bought my home knowing what my taxes were too.
I didn’t expect them to double.
#6 If you have live here long enough for your property taxes to double that means would have to have lived here for 30 years or more. That makes it a sure bet you bought your home in the 1980s. What did you pay for your home back then???? How much is it worth now if you sold it, and don’t used the assessed value on your tax bill I mean true market value. I don’t hear you complaining about how much your house increased, more than likely by 2 times its purchase value.
Wrong. You lost that bet.
Inflation doesn’t help. Its lost dollars and my house wasn’t purchased in the 1980s.
And when I do sell it, the govt gets to tax me on the ‘gain’ so it doesn’t mean shit. sorry to burst your bubble.
Government will not tax all your gain ,suggest that you educate your self on this matter.
I’m well aware of what portions are allowed for a residence occupied for the past 2 out of 5 years.
The government will TAX me. The increase in value, after taxes, is shit thanks to inflation.
Since you’re the ‘expert’ on government, its time for you to educate YOURSELF on what is NOT included in the government’s inflation index. It does not include most items that have gone up exponentially in value (raw materials).
#3 these people are not paid by the taxpayer so there is no comparison.
By the way who is number 1&2?
#7, guess again. Average property taxes in Ridgewood have more than doubled since 1997, from $8,018 to $16,240.
Not only have Ridgewood property taxes doubled since 1997, at the current pace of growth using 10 year average growth rates, they’ll double again to $32,480 by 2028.
I purchased my house in 1993; 20 years ago. My taxes were $4500. In 1997, my taxes were 8, 477. My taxes are now 15,300 with no improvements made to the home. So my taxes have increased 180% since 1997 and 340% since 1993.
#8, said
Wrong. You lost that bet. Inflation doesn’t help. Its lost dollars and my house wasn’t purchased in the 1980s. And when I do sell it, the govt gets to tax me on the ‘gain’ so it doesn’t mean shit. sorry to burst your bubble.
Ok Einstein, listen up, I am only going to say this once. You look stupid when you first say “And when I do sell it, the govt gets to tax me on the ‘gain’ so it doesn’t mean shit. sorry to burst your bubble.” and then you follow it up with “I’m well aware of what portions are allowed for a residence occupied for the past 2 out of 5 years. The increase in value, after taxes, is shit thanks to inflation.”
IRS Publication 523 says, If you have a gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income. You may quality to exclude up to $500,000 of that gain if you file a joint return with your spouse. Publication 523, Selling Your Home, provides rules and worksheets. Topic 409 covers general capital gain and loss information. So you get a tax free $500,000.00 capital gain with no tax liability. And you call that nothing…..Tell me genius, what other investment that can grow by $500,000.00 and incur NO taxes? Just name me one.
My ROTH IRA. Ok genius?
My multiple trusts. Ok genius?
My multiple 1031 exchanges. Ok genius?
defer is not the same as no taxes