The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, Property taxes in New Jersey remain some of the highest in the nation—and 2024 is no exception. According to the latest state data, the average New Jersey homeowner paid $10,095 in property taxes last year, exceeding the federal government’s former $10,000 SALT deduction cap.
Continue reading NJ Property Taxes 2024: Bergen & Passaic Towns with the Highest Bills
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TRENTON, NJ — Senator Kristin Corrado (R-40) has strongly criticized Trenton Democrats for fast-tracking major changes to New Jersey’s Mansion Tax with little notice or time for the real estate industry to adjust. The new law (S-4666/A-5804) was introduced on June 23, signed into law by Governor Phil Murphy on June 30, and took effect immediately on July 1, leaving just nine days for compliance.
Continue reading Senator Kristin Corrado Slams Trenton Democrats Over Sudden Mansion Tax Overhaul
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the staff of the Ridgewood blog
Ridgewood , NJ — As part of the newly passed $58.78 billion FY 2026 New Jersey state budget, major changes are coming to the state’s real estate tax structure — particularly the “Mansion Tax.” The revamped policy will increase taxes on high-end property sales and shift responsibility from buyers to sellers, significantly impacting the state’s luxury real estate market.
the staff of the Ridgewood blog
PARAMUS, NJ — In a significant development for one of Bergen County’s most densely developed communities, Paramus has successfully cut its state-mandated affordable housing obligation from 1,000 units to just 316 — a 68% reduction.
the staff of the Ridgewood blog
Trenton NJ, Gil Medina, Executive Vice President at CBRE, has been elected Chair of the New Jersey Chamber of Commerce Board of Directors. The election took place during the Chamber’s June 4 meeting in Florham Park, marking the beginning of a two-year term for the well-respected business and policy leader.
the staff of the Ridgewood blog
Paramus NJ, the Paramus Planning Board has officially canceled its Thursday, April 17, 2025 meeting, as Costco Wholesale Corporation, the featured applicant, has adjourned its appearance to July 17, 2025.
the staff of the Ridgewood blog
Hackensack NJ, a transformative project is coming to Hackensack’s downtown as a 100-unit mixed-use building has officially received the green light from the city’s Planning Board. Located at 132-148 Main Street, the development, dubbed The Sapphire, aims to breathe new life into a long-vacant property in the heart of the city.
Continue reading New 100-Unit Mixed-Use Development Approved for Hackensack’s Main Street
