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

Posted by brewster on 2017/3/2 12:45:14

JCGuys wrote:
Yup. Can't wait for the reval to happen so we can see who had the best prediction. I'm thinking 1.75% of fair market value. Greenville will be in the best shape. There will be winners and losers in the heights. The biggest losers will be the land speculators that are sitting on $50 million properties that are only assessed for $100,000 back in 1987.

You could be right about the rate. But those speculators are only losers regarding taxes, I think they've done pretty well otherwise, no? Same as our apocryphal fixed income seniors with the $1m house. (Soon to be $2m the way things are going...)

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