New Jersey is famous for many things, but its nation-leading property tax rates usually top the list of resident grievances. In this episode, we sit down with Marc Pfeiffer, senior policy fellow, to demystify the complex machinery behind property taxes.
Topic
homeowners
N.J.’s highest paid police chief got a $541K retirement payout
It’s “not the first time it’s happened in state laws where the Legislature has an idea, but the follow through execution is not well addressed,” said Marc Pfeiffer
School Tax Vote Sparks Affordability Debate in Montclair
“When some property values go up they eventually affect everybody, and that can result in gentrification and the loss of middle income homeowners,” Pfeiffer said.
Bloustein School Associate Director updates property tax guide for NJ residents
“If you are a renter in downtown New Brunswick … somebody is paying property taxes in some way on the property you live,” Pfeiffer said. “Your rent is going to include some portion of the property tax bill so the homeowners can pay it.”
Guide to NJ property taxes details where the money goes, and how to get some back
“Informed citizens make better decisions and ask better questions of their government,” said Pfeiffer.
Pfeiffer Authors Updated NJ Homeowner’s Property Tax Guide
“At a time when property taxes are a central concern for homeowners across the state, giving residents the tools to understand how their tax bills are calculated, what the money pays for and what rights they have as taxpayers is a meaningful contribution to civic literacy. Informed citizens make better decisions and ask better questions of their government,” said Pfeiffer.
New Jersey Policy Lab: Has New Jersey’s Housing Market Peaked? A New Year’s Assessment
The available stock of both single-family and townhouses for sale has been progressively falling since July 2021 when it reached a pandemic peak. But even that peak was close to a third of numbers ten years prior.