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moonlitway OP t1_j58urf3 wrote

Reply to comment by DirectorBeneficial48 in If the property tax keeps rising the same way it did last year, is it time to leave JC? by moonlitway

lol if I leave JC due to tax, why would I choose to live elsewhere in NJ? I would just leave NJ.

Also it’s not a good comparison, because the property value of JC is already high. If you apply a 5% tax rate like some of the rest counties to JC, that would be about 30k of tax per year.

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DirectorBeneficial48 t1_j58x543 wrote

Because they were already higher than what JC was paying, so a "5% hike" wasn't necessary. Now JC is paying closer to the rates they are now.

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moonlitway OP t1_j58xh47 wrote

I’m saying it’s not reasonable to apply the same rate to JC because JC’s property value is already high. You think 30k property tax would be fair for a 1B condo?

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GoHuskies1984 t1_j59yklz wrote

$30K taxes on a 1B condo you say?

I got you

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moonlitway OP t1_j5amy8u wrote

What’s the point you are making? The place you linked here is a 3M condo over 1000 sqft in nyc, yet its property tax is about 30k a year. That actually shows the ny property tax is lower than nj, because if you look at the same price of property in nj, the tax will be more than doubled more so around 60k

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GoHuskies1984 t1_j5ao0et wrote

Relax. It's a joke.

But are seriously telling us your taxes on a 1B are about to be $30K annually, because something about that isn't right.

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moonlitway OP t1_j5aqeuo wrote

it’s not 30k per year. I can’t afford living here if it’s 30k for 1B. It’s 12k but might be increasing again this year.

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DirectorBeneficial48 t1_j58ykga wrote

I think that's your problem for living in LUXURY HOUSING.

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moonlitway OP t1_j595k88 wrote

lol my building is by no means luxury. Don’t make false assumptions. the price got inflated during Covid. If you enjoy higher property tax, good for you and I’m sure you’ll be happy as you see tax keeps increasing in the next few years.

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Mindless-Budget9019 t1_j59yeq0 wrote

Don’t feed the trolls. They aren’t educated enough to know that the point of taxation is how much money is brought in and not the percentage of property value being taxed.

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moonlitway OP t1_j5ao82v wrote

yea they don’t get the point and even begin to claim I live in luxury housing lmao. Luxury buildings have tax abatements and pay lower tax than I do.

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DirectorBeneficial48 t1_j5asldm wrote

I'm fine with it. I'm in a rent-controlled building that I've been living in since the 80s. Y'all can deuce right on out.

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