New Jersey property taxes average $7300!!!

[J3nn78]

Over $10K here too and going up every year.

 

[cybrkitn]

It's getting out of hand. I pay 10K on LI.

Taxes on Long Island are about 10-14K+. There are properties that are less than $10k around. $7300 doesn't seem too high to me.

 

[legalsea]

Reading this makes me wonder: what is the assessed value of these houses? $11,000.00 sound very high to me, unless the house has a value of 3.5 million or such. If the house is valued at $150,000, then $11,000 would be very, very high.

Here where I live, I pay around $6,000 for a $240,000 house.

 

[traviesojmt]

Here where I live, I pay around $6,000 for a $240,000 house.

Wow, our house is valued the same and I pay less than $1000/yr. I am really grateful that we are stationed in AL right about now.

 

[mskermit]

Big reason my DH and I pulled up stakes and moved south. We had a home in Deptford that was costing us $8000 in property taxes. We now have a lovely home in SC and only pay $2500/yr.

wow, my little depford house is only 3945.00 a year! washington Twp is getting crazy!

 

[DisneyBamaFan]

Reading this makes me wonder: what is the assessed value of these houses? $11,000.00 sound very high to me, unless the house has a value of 3.5 million or such. If the house is valued at $150,000, then $11,000 would be very, very high.

Here where I live, I pay around $6,000 for a $240,000 house.

That is because you live in Texas. My home is worth far less than $1MM and my taxes are over $12k. Life in NJ = paying more taxes and getting less services per dollar than any other state in America. Still, I love my community, if not my state...

 

[ccgirl]

And they call Massachusetts taxachusetts???? My property taxes on my 2000 sq ft 4 BR house that is assessed at 315K is a whopping $2400 a year. Funny thing is, go to the town right next to me and it is triple that. The Cape has LOW property taxes. We don't pay school tax or anything like that separate. Oh...and I get free town trash pick up and recycling too.

 

[barkley]

this is why we moved to a lower cost state.

home is worth around $300,000 but they also take into consideration how much physical property-and we have 10 acres. we only pay around $2500 PER YEAR. when we sold our former home in 2006 it was valued by the tax guys (property and home-less than a 1/4 acre lot) for $262,000-our tax bill was close to $5000 a year, the current owners pay $9200 a year

 

[TangaroaTiki]

Ours is $14,500 - I wish we could move out of state, but I can't do that to my kids

 

[eliza61]

I pay more than double that. I would be thrilled to pay $7300. LI property taxes are outrageous.

How sad is it when $7300 seems like a good deal. I'm at 10K a year on my house and it's accessed at $365K. I do love my neighborhood so I'm staying put until I retire.

 

[Jeafl]

This year's tax bill was a little over $10,100. The part I hate is that although it is in 2 payments, they are not 6 months apart. They are due June 1, and September 1. We don't have ours amortized into our mortgage so we have to come up with quite a bit of money between June and September.

 

[TaraPA]

OMG

I honestly don't know how people do it! We live in a very small house in Burlington County, and pay $6000.00. My husband would love to move back to PA for this very reason.

Don't rush back to PA- we pay almost triple your $6K over here in PA!

 

[Pluto 2]

everybody from new jersey knows they have way too many people on the payroll.

 

[Lisa loves Pooh]

I know my hurricane insurance is high--but I think I'll take that and my property taxes over property taxes in NJ. Yikes!

No wonder sometimes folks with paid off homes lose them.

 

[CapeMayMommy]

Reading this makes me wonder: what is the assessed value of these houses? $11,000.00 sound very high to me, unless the house has a value of 3.5 million or such. If the house is valued at $150,000, then $11,000 would be very, very high.

Here where I live, I pay around $6,000 for a $240,000 house.

A $240,000 home in the New York City area can be a small one bedroom condo in a mediocre neighborhood.

 

[HugsForEeyore]

This is why the entire state of NJ will flee and eventually completely fill up the Carolinas. You think it's bad now with Yankees down there ....! Anyone remotely close to retirement age almost has to think of moving. This state will have no senior citizens at this rate.

I hate how so many people have to move away.

 

[mjkacmom]

Reading this makes me wonder: what is the assessed value of these houses? $11,000.00 sound very high to me, unless the house has a value of 3.5 million or such. If the house is valued at $150,000, then $11,000 would be very, very high.

Here where I live, I pay around $6,000 for a $240,000 house.

My house is assessed at $450,000, and that's what we pay. My friend's home was assessed at just under a million, and she's paying about $20,000 or so. There are towns in my county where it's worse.

You also have to remember that $240,000 wouldn't get you very much here - I don't even know if there are any single family homes for that price - just condos.

 

[cybrkitn]

A $240,000 home in the New York City area can be a small one bedroom condo in a mediocre neighborhood.

And a home on Long Island for that price is also small and usually in a very, very bad neighborhood.

When DH and I got married in 1999, houses were under $100k to about $300k and were really decent houses. Now, you can't even find a house under $100K and rarely one in the $100k range.

A house in one state that is brand new and 2,000+ sq. ft. can cost $300k with, what I would consider, low taxes. The same house here on Long island can go from around $489k to over $700k and taxes $10k plus.

 

[Tony-NJ]

We will hit $10K this year with the budgets that just passed - we were close to $9300. Our house is not worth more than $350 anylonger Then we pay about $3500 on our house down the shore. That property is worth more.

My Sister owns a home in Greenwich CT worth over $2 million - she pays $5400 in taxes...

 

[JessicaR]

How sad is it when $7300 seems like a good deal. I'm at 10K a year on my house and it's accessed at $365K. I do love my neighborhood so I'm staying put until I retire.

So true. Houses dont appraise at what they did a couple of years ago yet my taxes increase. I say I would move but really I'm not ready. I want my kids to graduate first. It just seems so out of control around here.