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Re: Uber, Lyft, and traffic
#26
Home away from home
Home away from home


Walmart is offering 10% off Uber gift cards. Get em before they sell out. Not my promo, you can go to walmart online and search for them if your using a cashback site.
https://www.walmart.com/browse/uber-pr ... &affillinktype=10&veh=aff

Posted on: 5/23 20:27
ಠ_ಠ
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Re: Dog Shit
#27
Home away from home
Home away from home


could you call the health department or the mayor's task force....having to smell dog sh_t is a qol issue imo

Posted on: 5/23 20:15
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Re: Gunshots Sunday morning JSQ?
#28
Quite a regular
Quite a regular


I heard it too. Not popping but a sharper sound
I am on the Island I was awake at 530
But think it was more than 10 shots
Sometimes sounds echo off the cliffs but
Might have been off Baldwin near
Demolition site

Posted on: 5/23 19:49
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Re: 2017 Reval ~ Property Inspections
#29
Home away from home
Home away from home


Quote:

heights wrote:
Quote:

mfadam wrote:
Let's say the typical DTJC rowhouse goes from about 12K in taxes to 24K - a simple double. What do you think that does to post-Reval valuations?

Maybe 15% haircut?

I think psychology may play a bigger role than the calculator in that it is a tough sell to say you pay suburb level taxes without the good schools/safe streets/etc.

I hope they raise the taxes even higher so we can compete with the suburbs and hire more police. This is probably why most of the new development are rentals and not condos for sale.


No one is stopping you from contributing more to Jersey City. Last I checked the Police and fire departments were still taking donations.

Posted on: 5/23 19:46
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Re: Dog Shit
#30
Home away from home
Home away from home


Quote:

CatDog wrote:
So what should I do about a neighbor that leaves piles of dog shit in his yard all week so it stinks to hell on a hot day? I'm thinking of just going to ask him nicely but I have a sneaking suspicion that the kind of person that leaves tons of dog shit in their yard isn't going to be the most personable guy.

Is this something that I can report to the department of housing, or health, or something? We're about to enter Summer and I'm not looking forward to the smell of dog feces wafting into my apartment every day.


Honestly, I feel this is the type of situation over which you are powerless. Obviously, the dog owner should *know* that picking up after his pooch is something you have to do around here so, so if they don't do it, they just don't care, and no amount of "friendly" heads up on your part will fix that. Personally, this is something I feel you should be able to report to the sanitation department. Sadly, I don't think they would care one bit.

Posted on: 5/23 19:04
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Re: 2017 Reval ~ Property Inspections
#31
Home away from home
Home away from home


Quote:

mfadam wrote:
Let's say the typical DTJC rowhouse goes from about 12K in taxes to 24K - a simple double. What do you think that does to post-Reval valuations?

Maybe 15% haircut?


Depends on rates, if you assume your buyer is borrowing and has a fixed monthly nut in mind. $12k more in tax means $1k less in borrowing power. At 4.5% on a 30 yr, $1000 gets you $200k. So assuming the buyer has the extra downpayment, they're budget is $200k less than it was pre-reval.

Yvonne, prove what you're saying, otherwise it's more lies. Tax liens are sold at auction and the residual after taxes and loans are paid is returned to the owner.

Posted on: 5/23 18:57
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Re: Dog Shit
#32
Home away from home
Home away from home


So what should I do about a neighbor that leaves piles of dog shit in his yard all week so it stinks to hell on a hot day? I'm thinking of just going to ask him nicely but I have a sneaking suspicion that the kind of person that leaves tons of dog shit in their yard isn't going to be the most personable guy.

Is this something that I can report to the department of housing, or health, or something? We're about to enter Summer and I'm not looking forward to the smell of dog feces wafting into my apartment every day.

Posted on: 5/23 18:24
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Re: 2017 Reval ~ Property Inspections
#33
Home away from home
Home away from home


Quote:

mfadam wrote:
Let's say the typical DTJC rowhouse goes from about 12K in taxes to 24K - a simple double. What do you think that does to post-Reval valuations?

Maybe 15% haircut?

I think psychology may play a bigger role than the calculator in that it is a tough sell to say you pay suburb level taxes without the good schools/safe streets/etc.

I hope they raise the taxes even higher so we can compete with the suburbs and hire more police. This is probably why most of the new development are rentals and not condos for sale.

Posted on: 5/23 17:18
Get on your bikes and ride !
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Re: 2017 Reval ~ Property Inspections
#34
Home away from home
Home away from home


After the last reval, home values went down and everyone ran to tax court. It took about 10 years before everything stabilize. That is when former Mayor Schundler started his 'bunk lien' sale and sold homes assessed for $200,000 to $300,00 for the price of back taxes.

Posted on: 5/23 16:58
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Re: 2017 Reval ~ Property Inspections
#35
Home away from home
Home away from home


Let's say the typical DTJC rowhouse goes from about 12K in taxes to 24K - a simple double. What do you think that does to post-Reval valuations?

Maybe 15% haircut?

I think psychology may play a bigger role than the calculator in that it is a tough sell to say you pay suburb level taxes without the good schools/safe streets/etc.

Posted on: 5/23 16:51
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Re: Monthly Community Meeting / Heights Section
#36
Home away from home
Home away from home


You're more than welcomed to attend (and join) I'm sure the information conveyed would be informative. However there is a neighborhood association closer to you they are the Riverview Neighborhood Association.

Posted on: 5/23 16:32
Get on your bikes and ride !
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Re: 2017 Reval ~ Property Inspections
#37
Just can't stay away
Just can't stay away


Quote:
and overpriced


In direct correlation to being undertaxed.

Posted on: 5/23 15:11
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Re: 2017 Reval ~ Property Inspections
#38
Home away from home
Home away from home


Quote:

MDM wrote:
This is one of the more egregious examples of a building being under assessed:

Resized Image


And overpriced.

Posted on: 5/23 14:51
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Re: 2017 Reval ~ Property Inspections
#39
Home away from home
Home away from home


Quote:

tictaktoe wrote:
Those who are in DTJC and have been sitting on their property since last reval are the ones who are REALLY GETTING AWAY WITH IT so far.


Just want to point out it's anyone who owns one of those undertaxed properties, especially in the last 10 to 20 years when the undertaxing has been most extreme. The assessment does NOT get reset upon sale like it does in some places.

Posted on: 5/23 11:01
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Re: Monthly Community Meeting / Heights Section
#40
Not too shy to talk
Not too shy to talk


I live at Palisade and Ferry, am I included?

Posted on: 5/23 10:36
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Re: 2017 Reval ~ Property Inspections
#41
Quite a regular
Quite a regular


wtf is wrong with people who feel reval is a suffering? Who here can't understand the difference between % and $$? Please enroll in a 5th-grade class.

1. As an individual, an avg DTJC resident who has been sitting on his/her property since last reval was getting away with paying lower than the fair share of taxes in light of their increasing property value even after paying the same rate (%).

2. As a neighborhood, DTJC was paying a higher share (in $$$) of state because there are a lot more residents with higher value now and also driven by recent transactions at current market value + not to forget new construction that has come up in the last 30 years on both rental and condo side (Yes, even after the abatement, $ amount becomes substantial for e.g. 1% of $1000 > 2% of $400)

What is common in the above two statements? Those who are in DTJC and have been sitting on their property since last reval are the ones who are REALLY GETTING AWAY WITH IT so far.

So they should STFU, pay up and everyone then starts from the same line. Simple.

If the taxes are too high, probably your home is too expensive for you to live in. Then, just sell it, monetize the gain and buy a place where you can pay the taxes.



Posted on: 5/23 10:29
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Bill would require more affordable housing in Downtown Jersey City
#42
Home away from home
Home away from home


Bill would require more affordable housing in Downtown Jersey City

JERSEY CITY -- Developers who receive tax breaks for market-rate housing Downtown will have to set aside 15 percent of their developments as affordable housing under a plan set for initial approval by the City Council this week.

The move is the latest by Mayor Steve Fulop's administration to force developers building housing in the city's wealthiest neighborhoods to build units for residents of lesser financial means.

Fulop has already awarded three long-term tax breaks to high-rises with 80 percent market-rate units and 20 percent affordable. And two weeks ago the council unanimously adopted a measure that requires Jersey City residents be given preference when tax-abated affordable housing units go on the market.

http://www.nj.com/hudson/index.ssf/20 ... le_housing_in_downto.html


Posted on: 5/22 21:50
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Re: 2017 Reval ~ Property Inspections
#43
Home away from home
Home away from home


Quote:

Dolomiti wrote:
Actually, I don't understand the mechanisms that they used to calculate current property tax rates in between the revals. Hence the question.


Ok, I covered this in the Ballad of Billy & Tommy, but I'll try again. The actual assessments never changes between revals unless you do significant renovations. So the city raises the tax rate to match the rise in value otherwise they'd never account for inflation. That's how the actual rate is 7.7% not ~2%.

So the way they come up with that 7.7% number is they create a number for the difference between the assessed value and FMV of THE ENTIRE CITY. That's the "ratio", currently 23.66%. The assessment is supposedly 23.66% of FMV, but that's a guesstimate of the average for the whole city. And because that tax raise is for everyone, it's not accurate, and it gets less accurate over time.

If your ratio is less you're paying too little, if it's more you're paying too much. So when DT rose so much faster than anyone else they ended up radically undertaxed because the only mechanism to steer this ship off the rocks is the reval.

And for those really interested, new properties have their assessment set by taking the sale price and dividing by the ratio to get a number in line with everyone else. So newer ratable properties and heavily renovated ones (supposedly) will not see dramatic tax raises. The "supposedly" is that a certain amount of permits like a gut job should trigger a spot reval, but anecdotes are that some do not.

Posted on: 5/22 20:53
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Monthly Community Meeting / Heights Section
#44
Home away from home
Home away from home


The Nelson Ave. Block Association's next monthly meeting is tomorrow evening Tuesday May 23rd at 7pm. Guest speaker will be Marc Duda of Appraisal Systems to discuss the current property revaluation. Also afterwards Mayor Steven Fulop will be on hand to answer questions. Location: 253 Congress St. at St. Anne's Centennial Hall auditorium between Kennedy Blvd. and Nelson Ave. Our community based meetings are at 7pm on the fourth Tuesday of the month focusing on the Western Slope area of the Heights and beyond. New members welcomed.

Posted on: 5/22 20:22
Get on your bikes and ride !
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Re: 2017 Reval ~ Property Inspections
#45
Home away from home
Home away from home


Quote:

brewster wrote:
Quote:

Dolomiti wrote:
So, I used the ArcGIS reval, and picked a house with a recent sale date.

2016 purchase: $1.3m
2004 purchase: $700k
1997 purchase: $280k
2016 property taxes: $11k (or 0.85%)
Current assmt: $146k

I presume that after the reval, assuming the house is still worth $1.3m, their taxes will go up to $24,700.

If so, then what is the likely basis for their current property tax? It seems too high to be based off the "current assmt" figure in the database.


The actual tax rate on the assessed value is 7.7% (as opposed to an effective rate applied to FMV), thus my calculator turns up $11,242 when you multiply $146k x 0.077.

Rithmatic, man. Do you get it that between revals they raise the rate not the assessments?

Actually, I don't understand the mechanisms that they used to calculate current property tax rates in between the revals. Hence the question.

Posted on: 5/22 19:18
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Re: 2017 Reval ~ Property Inspections
#46
Home away from home
Home away from home


Quote:

bodhipooh wrote:
Quote:

Dolomiti wrote:
So, I used the ArcGIS reval, and picked a house with a recent sale date.

2016 purchase: $1.3m
2004 purchase: $700k
1997 purchase: $280k
2016 property taxes: $11k (or 0.85%)
Current assmt: $146k

I presume that after the reval, assuming the house is still worth $1.3m, their taxes will go up to $24,700.

If so, then what is the likely basis for their current property tax? It seems too high to be based off the "current assmt" figure in the database.


I don't have the actual numbers handy in front of me, but the assessed values are just about one fourth of the estimated value. In other words, the city thinks that property is worth about 650K. That is why the reval is long overdue.

I get that part. What I'm not clear on is:

• What is "current assmt" in the database
• Does it have any relation to the current property tax
• If not, then keeping in mind JC hasn't done a reval in nearly 30 years, what is the current tax amount based on?

Posted on: 5/22 19:14
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Re: 2017 Reval ~ Property Inspections
#47
Home away from home
Home away from home


stateaidguy's website http://njeducationaid.blogspot.com/

He's partisan and wants to cut our aid, but he's been very informative and fair in my experience of reading his posts and blog. Is the SFRA aid formula fair? No idea.

Posted on: 5/22 18:51
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Re: 2017 Reval ~ Property Inspections
#48
Home away from home
Home away from home


Quote:

ProdigalSon wrote:
What percentage on this list is optimal(I think it's 100%)? Additionally is it determining local fair share based on total value of homes in that town/district? Is that why so many beach towns with small populations, and even less school age students have virtually zero tax levy? It would be interesting to see the actual school budgets on this list as well.

Also one thing this list reinforces to me is that their are way to many municipalities in NJ.


If you want to know more about this go to stateaidguy's website. It's linked up thread. There is a complicated formula involving incomes demographics and real estate prices to determine local share.

Posted on: 5/22 16:23
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Re: 2017 Reval ~ Property Inspections
#49
Home away from home
Home away from home


Quote:

brewster wrote:
Quote:

bodhipooh wrote:
Not to pick arguments, but aren't all those DTJC brownstones also "million dollar homes"? And, look how much of a stink they are raising over having to pay their fair share after 10 - 20 years of underpaying... I am sure in five years time, the city will be expected to shoulder a larger portion of the local BOE budget, and shit *will* hit the fan.


Was there an argument there? The issue of redistributing taxes to make school funding fair is not going away, but I believe sending JC taxes into the stratosphere to raise another $200m, like over 3.5%, won't happen. The economic damage would be catastrophic, dwarfing the reval because it would effect every unabated property, not just the older DT ones.

I find it telling that Monroe always ties the high budget to poor performance, like he'd be OK with it if it got results. That's unlikely. BTW Monroe, your portrayal of Millburn as a tax victim is nonsense. They're not far above JC in the list of Tax Levy as percentage of Local Fair Share for schools. JC:32.75% Milburn: 41.3%. There's plenty of towns underaided, neighboring W Orange is at 128.38%.

https://docs.google.com/spreadsheets/d ... 1GBqhMuPDKDMTk/edit#gid=0
Linked from http://njeducationaid.blogspot.com/

Does JC BOE need to be pulled apart and put back together? Absolutely. Every district in the state should be held accountable for where it's money goes, by outside auditors, every year. Maybe if we cut off the sweet juice the 599 districts will see the light of consolidating. The smoke and mirrors to make public money vanish pisses me off. Oh, and no district living on the state tit should get to make it's own worker contracts, including Millburn.


What percentage on this list is optimal(I think it's 100%)? Additionally is it determining local fair share based on total value of homes in that town/district? Is that why so many beach towns with small populations, and even less school age students have virtually zero tax levy? It would be interesting to see the actual school budgets on this list as well.

Also one thing this list reinforces to me is that their are way to many municipalities in NJ.

Posted on: 5/22 15:50
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Re: Storefronts on Newark Ave
#50
Not too shy to talk
Not too shy to talk


No ugly gates on this $1195 per month storefront for rent on Newark Ave.

Quote:

Quote:

Again, if anyone wants to open a vintage store or something fun, we have a cheap space ($1195 per month /no broker's fee) at Newark & Monmouth.


Please see my classified below or click my listing

https://newyork.craigslist.org/jsy/off/6140984385.html

Resized Image

Resized Image



ONLY $1195 per month - Call or text 646.789.5990

Start lease in October - after summer -- or perhaps even sooner if needed!

DOWNTOWN JERSEY CITY STOREFRONT $1195

Currently an Art Gallery ( & has been for 4 years)
Great space -newly renovated -- perfect for Store or Office -- works well for either use!

Great boutique retail space in heart of Downtown. About 11' frontage
on Newark Ave surrounded by the hippest places in JC and great foot
traffic! Toy Store Next Door -- Office, Store or Gallery Space -- Will
not last! Only Blocks from Grove Street PATH station

New large rack of NYC CitiBikes right across street!

STOREFRONT RIGHT NEAR WHITE EAGLE HALL (800 person performance venue) & NO Broker Fees
DOWNTOWN Jersey City -- WHOLE STOREFRONT / OFFICE -- ONLY $1195

Classic Storefront!
Lots of foot traffic
GREAT for Professional Office or Retail!
New Luxury Condo buildings going up all around!

Call or text 646.789.5990

https://newyork.craigslist.org/jsy/off/6140984385.html




Posted on: 5/22 15:49
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Re: 2017 Reval ~ Property Inspections
#51
Home away from home
Home away from home


This is one of the more egregious examples of a building being under assessed:

Resized Image

Posted on: 5/22 15:30
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Re: 2017 Reval ~ Property Inspections
#52
Home away from home
Home away from home


Quote:

Dolomiti wrote:
Quote:

brewster wrote:
Quote:

Dolomiti wrote:
Quote:

brewster wrote:
If Tommy was sharper about real estate, he could have appealed his taxes, but only down to the effective rate of 2.1%.

What's the mechanism / reason for the limit on the effect of the appeal?


You can only win an appeal if you prove your FMV is more than 15% off your assessment/ratio (what they say it's worth). And even if you win, the effective rate only goes down to FMV/ratio, effectively around that 2.2% mark. That's still more than double what the legacy DT properties are paying.

According to Bamb00zle he was paying 0.7% before he sold. Well played sir. Maybe. I know if Yvonne had held on instead of bailing she and Mr Yvonne could have made another 1/2 million at least. That surely would have been more than the hit it would take for the taxes doubling.

Hmmm

So, I used the ArcGIS reval, and picked a house with a recent sale date.

2016 purchase: $1.3m
2004 purchase: $700k
1997 purchase: $280k
2016 property taxes: $11k (or 0.85%)
Current assmt: $146k

I presume that after the reval, assuming the house is still worth $1.3m, their taxes will go up to $24,700.

If so, then what is the likely basis for their current property tax? It seems too high to be based off the "current assmt" figure in the database.


I don't have the actual numbers handy in front of me, but the assessed values are just about one fourth of the estimated value. In other words, the city thinks that property is worth about 650K. That is why the reval is long overdue. The market realities don't match the BS values being assumed. As a result, that property is paying about 1.85% of the assumed value. But, as you have shown, the reality is that they are paying under 1%. That's the type of property that will see a hefty increase in property taxes in 2018, likely getting a bill that is more than double their current levy. I really do wonder what will happen: the more I talk to people, the more I realize they are in denial as to what is coming in 2018. I still hear people saying things like "it's impossible, there is no way the city will allow this".

Posted on: 5/22 14:04
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Re: (5/19) Avoid the Tonnelle Circle this weekend. We are not kidding.
#53
Home away from home
Home away from home


I wish the city/county/state would do a better job of advertising these things, or putting up useful signs AHEAD of possible detour options. I was on my way to the airport when i noticed everything was at a standstill and (luckily) was able to detour onto the Turnpike Extension, but it seems like a lot of people missed the one sign (which was stupidly placed right where the road split between 1/9 and the turnpike exit) and those who got caught in that mess probably spent over an hour trying to get to the other side. It looked like a parking lot there. Signs should have been posted at the very beginning of the ramp that leads to the Pulaski and turnpike extension lanes.

Posted on: 5/22 13:59
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Re: Storefronts on Newark Ave
#54
Home away from home
Home away from home


Quote:

blanquiita wrote:
I work 10am-6pm (sometimes later). The majority of places are closed when I walk down Newark in the morning and are closed by the time I come home. It really does look awful..


The solid metal gates are prohibited. The permitted ones must be the open "mesh" type. If you see solid ones, they're either a) getting away with it, or b) leftover from the past and will be replaced with the right kind eventually.

Posted on: 5/22 13:42
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Re: 2017 Reval ~ Property Inspections
#55
Home away from home
Home away from home


Quote:

Dolomiti wrote:
So, I used the ArcGIS reval, and picked a house with a recent sale date.

2016 purchase: $1.3m
2004 purchase: $700k
1997 purchase: $280k
2016 property taxes: $11k (or 0.85%)
Current assmt: $146k

I presume that after the reval, assuming the house is still worth $1.3m, their taxes will go up to $24,700.

If so, then what is the likely basis for their current property tax? It seems too high to be based off the "current assmt" figure in the database.


The actual tax rate on the assessed value is 7.7% (as opposed to an effective rate applied to FMV), thus my calculator turns up $11,242 when you multiply $146k x 0.077.

Rithmatic, man. Do you get it that between revals they raise the rate not the assessments?

Posted on: 5/22 12:43
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