Well...Welcome to NJ...they have done this all over here. You're driving through a lovely neighborhood and in the middle of it is a ghetto! It's the norm here. I'm not from here (last place I'd come willingly) and cant wait to move back down south...
True. Apartment complexes are mixed in with single family house all over the place. Makes the property taxes high because of all the students added from the apartments. The school boards eat up all the tax money.
I have been looking to buy a little home for myself and your right, the taxes are crazy...one place I looked at the monthly tax was almost as much as the monthly mortgage pmt! 4-7 k a year in taxes on a 150-180k home....I hate it here but I'm stuck for the next 4 years here...my son in law pays 17k a year in property tax!! Crazy ass state
I know. The taxes are about half of your mortgage escrow account. But the rents are high too. I have noticed in my town that a large percentage of the single family homes are rentals. You can see at least 4 (usually more) cars parked at the houses. It's really getting crowded.
Well...Welcome to NJ...they have done this all over here. You're driving through a lovely neighborhood and in the middle of it is a ghetto! It's the norm here. I'm not from here (last place I'd come willingly) and cant wait to move back down south...
True. Apartment complexes are mixed in with single family house all over the place. Makes the property taxes high because of all the students added from the apartments. The school boards eat up all the tax money.
I have been looking to buy a little home for myself and your right, the taxes are crazy...one place I looked at the monthly tax was almost as much as the monthly mortgage pmt! 4-7 k a year in taxes on a 150-180k home....I hate it here but I'm stuck for the next 4 years here...my son in law pays 17k a year in property tax!! Crazy ass state
I know. The taxes are about half of your mortgage escrow account. But the rents are high too. I have noticed in my town that a large percentage of the single family homes are rentals. You can see at least 4 (usually more) cars parked at the houses. It's really getting crowded.