Re: 2017 Reval ~ Property Inspections

Posted by brewster on 2017/12/7 16:57:58
Quote:

Yvonne wrote:
The senior tax freeze does not benefit Jersey City homeowners, I had a next door neighbor who only had Social Security but she had two rentals in her building. The state requires a portion of the senior freeze or in her case one third. Her income with her rentals was probably $50,000 a year. Seniors in the suburban living in one family homes with a higher income receive the full tax freeze. Then the income was $75,000, it is probably higher now.


For all your howling about tax unfairness for decades you still have no idea how it works. Of course she can only get a break on the owner occupied portion, THATS HOW PROPERTY TAXES WORK!! The rentals are a business, and should be treated as such. Makes me wonder if this person files their "form E" taxes properly at all.

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