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Re: Jersey City mayor-elect orders end to citywide reval
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Home away from home
 
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Huh? Rough example... City says it needs $220 million. The tax collector says the appraised value of all land in Jersey City pre reval is $3 billion. City sets a tax rate of 7.33% on the appraised value of land in order to raise the $220 million. After the reval, the city still needs $220 million. The tax collector says the appraised value of all land in Jersey City post reval is now $10 billion. City sets a tax rate of 2.2% on the appraised value of land in order to raise the $220 million. Regardless of the assessed value, the city is legally only allowed to collect $220 million. How could there be possibly so much misunderstanding on how the property taxation system work. I'll join the rest and say a reval is needed every 5 years to prevent these imbalances. The last thing that gets me is when people start talking about improvements to a property in the context of a reval. All that matters is the current market value. So if someone put a million dollars in improvements into some real estate, but the property appraises at $500,000, then $500,000 is the appraised value. All this discussions about renovations and improvements are irrelevant if the current fair market value of the property is known.
Posted on: 2016/4/20 13:19
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Re: Jersey City mayor-elect orders end to citywide reval
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Wow. Yvonne is finally on mark with at least one small thing. 100% agreed! Well, at least on the first point. It won't stop tax abated properties from running to court when their abatements expire, but will probably reduce the number.
Posted on: 2016/4/16 14:59
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Re: Embankment- Update Thread
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Hahahhaa This is rich.
I thought you wanted parks instead of development, troll Yvonne. If the city proposed a FREE public parking garage on the embankment, I'd bet you be gushing over it.
Posted on: 2016/4/15 9:47
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Re: Jersey City mayor-elect orders end to citywide reval
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Home away from home
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Everyone on here is saying their taxes will go up in a reval, but of course that's not the case. It's a zero sum game. Therefore, maybe the 2.1% tax rate post reval is too high of an estimate?
Also interesting to note that only building improvements can receive a tax abatement. Land is taxed at the normal rate. There is a lot of land that is now worth many multiples from when last assessed in 1988. Institutional owners of large parcels of land in and around Newport Mall are going to be paying hundreds of thousands more in property taxes. Then there are the new developments like 99 Hudson, which will add over half a billion dollars to the ratabale base. That one building will be paying about 10 million a year in property taxes. There are the obvious losers (anyone paying $7,000 on a home worth $850,000), but I'm not so convinced folks in McGinley Square and elsewhere will also see an increase. There is only one way to find out, and we're still over a year away in a best case scenario.
Posted on: 2016/4/10 1:10
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Re: Balcer Belches on NJ.com
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ROFL!! So says her husband. We all know it, heights.
Posted on: 2016/4/8 21:50
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Re: We need your help in the village!
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Posted on: 2016/4/8 16:23
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Re: We need your help in the village!
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Home away from home
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 When will there be a realization that there are very serious issues with the R1 zoning here in that it necessitates the need for so many variances. The existing 369 5th Street is zoned R1 but is grossly nonconforming. They too would have had to receive a variance at one point to build with zero side and yard setbacks. So I can understand why the board approved this new development as it would be improper to have a grossly noncomplaint 369 5th Street masquerading in the R1 zone east of the subject site (whose residents are hypocritically fighting a development of a smaller scale), a previously approved eight-storey building to the immediate south, and the NC zoning to the west. The city tries to fix the issues with R1 by introducing the proposed R5 zoning and the community rejects it, so fine, the village will continue its game of escalating variances. Enjoy your revals. Quote:
Posted on: 2016/4/8 16:20
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Re: 12 of Jersey City's 'most violent' gang members Arrested!
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Great. Now let's add the FBI, double the resources of the force, and start phase 2 of the operation. If any of the ganf members make bail, spread the word in the community that they "snitched."
Posted on: 2016/4/7 3:23
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Re: Balcer Belches on NJ.com
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No one bothers to write anything else and all that's left is Yvonne for publication.
Posted on: 2016/4/6 21:49
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Re: Jersey City mayor-elect orders end to citywide reval
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This is Fulop's Waterloo.
He should be welcoming the reval with open arms. Why did he wait for the state to order one? By fighting it, this tells me he prefers downtown and the Ogdenites (his neighbors) over the families just trying to make it in Bergen-Lafayette or Greenville. The poor are literally subsidizing the rich.
Posted on: 2016/4/6 16:56
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Re: Jersey City mayor-elect orders end to citywide reval
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Home away from home
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Good time to buy property in Ward E. Taxes are going down.
Posted on: 2016/4/4 19:19
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Re: Jersey City mayor-elect orders end to citywide reval
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Home away from home
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Any bets when the reval will be completed and the first year of property taxes paymnents based on the new formula? 2020??
Posted on: 2016/4/4 17:12
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Re: We need your help in the village!
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Sheesh! I can't wait until the day stateaidguy and the enemies of Fulop get their wish of removing JC from the list of Abbott districts and a state-mandated reval.
Irony is a building built with significant variances to zoning is now advocating against a building next door asking for those same variances. To be honest, I wish you guys luck even though there is a hint of hypocristism. ZonIng shold be more flexible and variances only used for those rare cases with strong publix support. JC_User, reading comprehension must not be your strong point. I was arguing that taxpayers in Jersey City should support new development, like the developers of 99 Hudson, as it did not receive a tax abatement and will contribute millions in revenue, reducing the taxes the rest of us pay since it's a zero-sum game. It was esentially the same argument you just made. No, JC_User, I don't think you're a NIMBY. The OP may technically be one though.
Posted on: 2016/4/4 0:11
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Re: Down under the New Jersey Turnpike extension - recreational use?
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At first glance I thought this thread was titled
Down under the New Jersey Turnpike extension - recreational drug use? Lol
Posted on: 2016/4/1 0:50
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Re: Changing school formula in2017
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All the broke school boards should consolidate into a countywide system. There are more school boards than localities and that's ridiculous.
Posted on: 2016/3/28 12:39
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Re: We need your help in the village!
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Home away from home
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Quote:
You know, when the reval eventually happens, anyone downtown who advocates limiting the supply of new housing in hopes of increased property values is very short sighted because they're in for a nasty surprise when they get their tax bill. The only way forward is aggressive growth of the tax ratable base. That unabated 99 Hudson St tower will alone contribute to 2 percent of the ratabale base before reval, and more afterwords. We should have baked the developers a cake. With the coming reval, downtown homeowners should be begging for new luxury developments that will help blunt the impact in a reval. Even if a new building receives an abatement, the land is still taxed and the PILOT payment results in greater revenue to the city than it would have received. This is done by legally robbing the county and school board of funds. The rest of Hudson County has to make up the shortfall for our abatements affecting the county while the whole state does the same for our schools. Horrible laws that's inequitable but Mayor Fulop is fully justified to exploit them if the state is unwilling to change.
Posted on: 2016/3/26 17:28
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Re: We need your help in the village!
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The Jersey City of 2016 is infinitely better than the Jersey City of the 1980s. Development is the primary reason. Obviously there is a lot of shite development out there, and Jersey City must aim for better. Developers won't like it, but JC should introduce design standards in the zoning (a ban on vinyl sliding for new construction would be a start, in my view.) Where you give away your NIMBYism is by citing density. We should be encouraging densities to ensure there is an adequate supply of market rate housing to keep things affordable and to cover the costs associated with any new design standards to require better materials and overall quality. Our current zoning is the problem, and the sooner it's amended, the better.
Posted on: 2016/3/26 3:17
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Re: N.J. mall bunny involved in brawl with customers
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It's packed with low-end retail stores and kids hanging out, trying to pawn stolen candy or cologne. It's a horrible shopping experience.
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Posted on: 2016/3/22 19:12
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Re: We need your help in the village!
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So I'm assuming current 'law' (zoning) allows for 4 floors since that's the height of your building. Therefore, even if the variance is not granted, a building of 4 floors is still legally allowed on that site and it will block the views and sunlight from the balconies. CatDog is right. Unfortunately, it was the developer of YOUR building that hoodwinked you due to the shitty design flaw of putting balconies on the abutting property line. They knew full well that vacant lot would eventually be developed, but by then, they would be long gone and the future residents would be left with the problem. Shameful. In all honestly, and I know this sounds counter-intuitive, you would be better off asking that some of the bulk of the new building be setback enough to allow sunlight and views from the balconies in exchange for allowing to build taller on the opposite end of the site, which will minimize the impacts to your building. Of course there is always blanket knee-jerk reaction to any suggestions of greater height or density, even when it would make sense to preserve your views and light. Good luck dealing with your fellow village neighbors on that one.
Posted on: 2016/3/22 19:04
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Re: We need your help in the village!
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Out of curiosity, What is allowed to be built under current 'law' (zoning)? Is this the lot in question? https://goo.gl/maps/3LqtNRZVUro
Posted on: 2016/3/22 18:18
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Re: The TOD-W Zone
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For reference on what various densities per acre would look like in real life.
http://seattletransitblog.com/2011/09 ... sity-an-ill-defined-term/
Posted on: 2016/3/22 18:11
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Re: N.J. mall bunny involved in brawl with customers
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Home away from home
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Pathetic.
How long before Newport Mall is demolished and replaced like the new Hudson Exchange community? 10-15 years? Why such a suburban mall next to PATH and a lightrail stop, 7 minutes from midtown and downtown Manhattan.
Posted on: 2016/3/22 18:04
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Re: NJTV News on JC gentrification
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This topic sickens me whenever it comes up. There are minority neighborhoods in the city that have been brainwashed into automatically associating the word gentrification with all bad things. The dubious desire is to restrict newcomers into coming into the neighborhood, which is nearly impossible, anti-American and almost like reverse redlining: illegal.
Gentrification has a lot of positives - one of them is it usually leads to new jobs as businesses open up along with an increase in the tax base which allows for the city to provide better services and safer communities. Can anyone honestly say they would rather live in the un-gentrified Jersey City of the 80s rather than the city today? Of course there are negative aspects of gentrification. The main one is it usually leads to a rapid increase in rents for existing residents, whom are forced out if on a limited income. It's basic law of supply and demand. If a neighborhood starts becoming hot and new residents move in, the existing residents should be advocating for new developments to house the new people and to direct growth to underutilized areas though zoning changes. Just like what's being done in Journal Square. This was the older units stay affordable and the newer units can accommodate the influx of new residents. The second the supply and demand equation gets out of balance, rents will rise. This is why I'm a strong advocate for upzoning in the heights. The R1 zoning is gonna kill a lot of existing residents along with the character of the community. The area is starting to become very popular with ex-New Yorkers, and in response we're just tearing down older two-family homes and replacing it with a luxury one. We would be much better severed as a community if we could get housing for four families, or more, rather than just a couple of ex-New Yorkers. The R1 zoning prevents that. There is no way to stop gentrification unless an area and its residents are intentionally kept down... so let's do something in response to gentrification to mitigate the negative effects from it!!
Posted on: 2016/3/22 16:08
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Re: NYT "The Hunt" Land a job in JC? Move to LIC!
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Posted on: 2016/3/20 5:19
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Re: Jersey City Progressives, Conservatives, and Fair-Minded Folks, Please Help Freehold Boro!
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The whole funding system is a farce. Freehold is one of many comunities that pulled the short straw. In my opinion, fuck em. There are way too many school boards in NJ, and the state should strong-arm them all into countywide consolidation as a condition of state school aid funding.
Have said that, I have the utmost respect for stateaidguy and all his posts have been extremely fascinating and educational in exposing the flaws in NJ's state aid system. I disagree with a special case being made to accommodate freeholdm . Nothing short of burning the whole system down and rebuilding if it's ever going to be fair and equitable. Until then, abate away Mr. Fulop at PILOT payments $1 less than what they normally would be but with 100%, instead of a third, going toward the city. The state keeps giving us aid under current laws. Might as well exploit it until the system is reformed.
Posted on: 2016/3/19 17:03
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Re: Earl Morgan on Steven Fulop in today's Jersey Journal
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DanL is lame.
Posted on: 2016/3/19 16:53
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Re: NYT "The Hunt" Land a job in JC? Move to LIC!
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brewster wrote: And here's exactly why JC is always cheaper than Queens or Brooklyn: Quote:
Posted on: 2016/3/19 16:48
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Re: Cab fare from Grove PATH to Rich Korpi Ice Rink in Bayonne
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I even have a promo code where your first ride is FREE!
In all seriousness, I'm suprised in this day an age that there are people in the NYC metro area that still don't have uber for these types of situations.
Posted on: 2016/3/19 16:42
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Re: Mayor Fulop Tells Christie to Resign - Establishes Petition
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Caucus Meetings are also posted to youtube.
Posted on: 2016/3/17 15:28
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Re: What’s going there? (Journal Square edition)
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I got there all the time. It's excellent and highly recommended. https://www.yelp.com/biz/noodlefan-jersey-city
Posted on: 2016/3/16 18:31
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