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thebruns t1_je1e0l5 wrote

Reply to comment by Miringanes in Tenants Fight Back As Rents Soar In Jersey City And Hoboken by mad_dog_94

Did those payments go up 25%?

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Miringanes t1_je2lkkd wrote

Not sure, they aren’t necessarily fixed, and sometimes they are even more than what the tax rate is but a developer might lock into them because it’s a known rather than a variable like a tax would be.

So in theory, yes, they could’ve went up, but also they could’ve been at a higher tax rate than what the average person was paying all along and now there is rate parity.

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