Recommendations of the Governor's 1997 Property Tax Commission that through August 2, 2001 have been enacted by law or by regulation and those which have had just bills introduced. Governor Whitman asked the Property Tax Commission she created in 19...
With the increasing value of your home comes the increasing bill from your property taxes. Property tax collections have increased 35% from 2002 to 2006, according to U.S. Census Bureau data. With high property taxes pressuring the budgets of many h...
Real Estate and Tangible Personal Property Tax Bills May Now Be Paid at a Discount Taxes paid--i.e., received by the Tax Collector--during November are subject to a 4% discount; December are subject to a 3% discount; January are subject to a 2% disc...
LESSON ONE First Remember that: THE LOCAL PROPERTY TAX in New Jersey is in fact a LOCAL TAX. This means that the tax is assessed and collected at the local municipal level for the support of: LOCAL SCHOOLS MUNICIPAL GOVERNMENT COUNTY GOVERNMENT THE...
Own residential rental properties? This article discusses how income from those properties impacts your taxes. What Constitutes Revenue? Generally, rental income is defined as any revenue you receive from the occupancy or use of residential property...
One of the biggest complaints that I hear from homeowner is that their property taxes are too high. In spite of this, most homeowners don't try to get their taxes reduced. This is a costly mistake. In high tax states, the taxes on the property can o...
Property taxes are one of the largest line item costs incurred by apartment owners. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an ar...
EQUALIZATION ORIGIN Equalization for State school aid purposes is the process of determining the aggregate true value of all real property in each of the State's 566 taxing districts. This figure is established by a program of assessment to sales ra...
If you have read my other articles here, you might have noted the psychological approach towards subject matter. Therefore, as you have probably guessed from the title, this article on property tax is not going to be any different. After all, the ye...
With the booming property prices of recent years, more and more people are finding themselves facing a large tax bill when they come to sell their investment properties. However, did you realize that there is a perfectly legal way of deferring payme...
Here are three property tax policy options for New Jersey citizens and government leader to consider. They are presented in an easy to read format; namely the statement of a problem that property taxpayer's face in New Jersey, followed by a policy o...
