Re: Jersey City mayor-elect orders end to citywide reval

Posted by Monroe on 2017/2/22 10:41:03
There's no moral, legal, or ethical right to have your real estate taxes attached to your ability to pay from current income. If you've enjoyed a gigantic rise in property value, while at the same time underpaying your fair share of real estate taxes because the city refused to do a reval in almost three decades-you've lucked out. If your taxes now double and you can't afford this from income, you do have a choice. Borrow against the equity in your house, or cash out and move.

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