D@m, I hate property taxes! - NJFBOA - Home of New Jersey's Camaros and Firebirds

JL8Jeff · 11-02-2005, 08:42 AM

I just got our new escrow analysis and once again our property taxes have gone up. When we bought the house 11 years ago the property taxes were around $3600 a year. We're now at $6800 a year, but they pulled out the sewer portion a couple of years ago and that runs around $200 so we're really at $7000 a year. I know there are people paying a lot more than that, but we have relatively small 3 bedroom split level with jsut 1-1/2 baths, a partial basement, no fireplace. Gotta love Joisey!

foff667 · 11-02-2005, 09:10 AM

haha mines still stuck at 2900 for the year...hopefully they'll stay relatively low until im ready to move out of this state

foff667 · 11-02-2005, 09:11 AM

and werent you just complaining about this? http://www.njfboa.org/forums/viewtop...ighlight=taxes

Tru2Chevy · 11-02-2005, 09:27 AM

Quote:

Originally Posted by foff667

and werent you just complaining about this? http://www.njfboa.org/forums/viewtop...ighlight=taxes

Yea, 5 months ago.....

- Justin

JL8Jeff · 11-02-2005, 09:37 AM

Yeah, but I don't see the increase in my payments until my escrow analysis which gets done in Nov. I should move back in with mom and dad and just pay rent, it's a lot cheaper!

The Fixer · 11-02-2005, 11:43 AM

Bah, you guys should move to Bergen County. My 2-bedroom, 2-bathroom Colonial on a whopping 50'x100' piece of property is now at ~$8K per year. I hate Jersey more than you!

foff667 · 11-02-2005, 11:44 AM

Quote:

Originally Posted by TPI Monte SS

Bah, you guys should move to Bergen County. My 2-bedroom, 2-bathroom Colonial on a whopping 50'x100' piece of property is now at ~$8K per year. I hate Jersey more than you!

dude wtf thats more then my mortgage is a year lol

The Fixer · 11-02-2005, 11:50 AM

Bill, parts of Bergen County are just so screwed up it's incredible. My town is in the middle of a major crisis and reform because of how these asshats assessed our houses and land values. There's a guy across town from me (2 miles away) with 40'x98' of property, and his land value alone is $230K. My 50'x100' property is only worth $170K, yet I have 20 MORE sq.ft. than him. Something is obviously Fcked up!

Squirrel · 11-02-2005, 11:54 AM

Quote:

Originally Posted by JL8Jeff

I just got our new escrow analysis and once again our property taxes have gone up. Â*When we bought the house 11 years ago the property taxes were around $3600 a year. Â*We're now at $6800 a year, but they pulled out the sewer portion a couple of years ago and that runs around $200 so we're really at $7000 a year. Â*I know there are people paying a lot more than that, but we have relatively small 3 bedroom split level with jsut 1-1/2 baths, a partial basement, no fireplace. Â*Gotta love Joisey!

just think, less than 2 miles from your house my pops is shelling out 5 digits

Koll · 11-02-2005, 12:05 PM

RUMSON BITCHES!

$10K

The property is worth more than the house
50'x100'
IIRC the property is valued at like 4 or 500k
House is like 150 or 2k
Could sell the bitch tomorrow for 1.5mil
3 bedroom
2 1/2 bath

Savage_Messiah · 11-02-2005, 12:30 PM

Quote:

Originally Posted by TPI Monte SS

Bill, parts of Bergen County are just so screwed up it's incredible. My town is in the middle of a major crisis and reform because of how these asshats assessed our houses and land values. There's a guy across town from me (2 miles away) with 40'x98' of property, and his land value alone is $230K. My 50'x100' property is only worth $170K, yet I have 20 MORE sq.ft. than him. Something is obviously Fcked up!

be glad you dont live in goddamn tenafly!!!!! i dont know any figures but still, you know how it is

Savage_Messiah · 11-02-2005, 12:32 PM

Not to mention the fact we live under 2 blocks up the road from the high school and that tenafly has one of the top school systems in the state

Ian · 11-02-2005, 12:34 PM

Quote:

Originally Posted by Koll

RUMSON BITCHES!

$10K

The property is worth more than the house
50'x100'
IIRC the property is valued at like 4 or 500k
House is like 150 or 2k
Could sell the bitch tomorrow for 1.5mil
3 bedroom
2 1/2 bath

I drove through rumson once, I definitly believe those numbers. It just seems like a pricey area.

The Fixer · 11-02-2005, 12:44 PM

Quote:

Originally Posted by Ian

I drove through rumson once, I definitly believe those numbers. It just seems like a pricey area.

You and Kasey have seen my house too. It's nice, but it ain't a million dollar mansion!

Kasey, I feel your parents' pain, believe me.

Pampered-Z · 11-02-2005, 12:56 PM

And as you get older how can anyone afford to retire in the areas!??

I faced the same thing when I lived in Langhorne PA, 4 bed colonial on .4 acres was almost 5g's a year. Â* Â*

Well UB may call me a Pennsyltucky hillbilly from Central PA, Â*But Â*now living in the country my colonial - 3 BRs, 3 baths, full basement, oversized 2 car garage sits on 2 acres and I pay under $1,500. Â*so at least I can afford to retire some day!

( can I also mention no I live exactly 1 miles from Numidia drag strip! ) Â*

foff667 · 11-02-2005, 02:17 PM

Quote:

Originally Posted by Pampered-Z

And as you get older how can anyone afford to retire in the areas!??

I faced the same thing when I lived in Langhorne PA, 4 bed colonial on .4 acres was almost 5g's a year. Â* Â*

Well UB may call me a Pennsyltucky hillbilly from Central PA, Â*But Â*now living in the country my colonial - 3 BRs, 3 baths, full basement, oversized 2 car garage sits on 2 acres and I pay under $1,500. Â*so at least I can afford to retire some day!

( can I also mention no I live exactly 1 miles from Numidia drag strip! ) Â*

im movin out to east bumble**** with you lol

12secondv6 · 11-02-2005, 02:49 PM

jims69camaro · 11-02-2005, 04:35 PM

within the last five years our household income went from over 100K per year to +/- 35k. if you removed property taxes from the equation we could actually exist, because of where we live and how cheaply we got into our house. but if the property tax scale continues we will be taxed right out of here. it fits into my plans to leave this place, just not quite so quickly.

i would not be able to begin to express how two people would be able to retire, either in a retirement community or in regular housing. $24k per year in social security (assuming they get the max) and some retirement income (assuming they had it before most companies dd away with it) certainly doesn't add up to much. if the house is paid off then they might be able to do it...

oh, and don't get me started on gas prices. they're still over $2/gallon.