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Re: Any changes in what is considered "real property taxes " by IRS?
#1
Newbie
Newbie


I believe PILOT (payment in lieu of taxes) are not considered real prop taxes and cannot be counted towards SALT tax deductions. But I don't think this is anything new. Did your 1098 from last year show a bigger number?

Posted on: 2019/1/26 18:41
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Re: 2017 Reval ~ Property Inspections
#2
Newbie
Newbie


Quote:

tnr wrote:
Hmm, any individual has an experience with opting out of the contract?


I haven't done it yet. But when I called the tax office a few months ago to ask about the phase-out schedule and the possibility of opt-out the person on the phone said we just need to let them know and they would walk us through the steps. So from the surface it doesn't sound difficult.

From my observations, a buyer who purchased after early 2015 a dtjc condo built in the 2000's will very likely see an immediate benefit after opting out.

Posted on: 2018/11/5 13:40
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Re: 2017 Reval ~ Property Inspections
#3
Newbie
Newbie


In other words, tax reval is actually a relief on the tax burden of recent dtjc owners of tax-abated buildings, as opposed to how the media sometimes depicts it.

Based on that ratable base should increase well before abatement expires as more and more owners choose to opt out.


Posted on: 2018/7/22 20:25
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Re: 2017 Reval ~ Property Inspections
#4
Newbie
Newbie


Quote:

At 1.488, the need for abatements is probably diminished. I'm okay if they go away, but don't expect any developer to voluntarily build affordable housing.



In fact, a lot of realtors are advising their clients to opt out of tax abatement in dtjc properties. PILOT tax = rate x SALE price and that rate is generally in the 1.6-1.9 range, whereas in the opt-out scenario, it would be 1.488 x assessed value. Wouldn't it be a no-brainer to opt out of abatement unless home owner feels that tax rate will eventually exceed their PILOT rate?

Posted on: 2018/7/22 17:35
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Re: JC Schools
#5
Newbie
Newbie


I am interested in which school this is too, if you don't mind. Thanks.

Quote:

Can you share which school the kids went to? PM me if needed. Thx.

Quote:

user1111 wrote:

I have another buddy who was renting down in Paulus Hook but he left a few months ago because his 7 year old daughter picked up an Indian accent at school, so yes people leave JC when kids get a certain age. It has almost become the norm. Like the poster said below, the schools can't do everything parents have to be involved.

Posted on: 2013/12/17 3:01
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Re: Union Republic -- Impressive New Place on Newark Ave @ Third Street
#6
Newbie
Newbie


Tried nose-to-toe ramen yesterday. AMAZING.
Rich velvety broth with bits of yuzu. Loads of pork. Noodles cooked to perfection.. I spent 4 years living in Japan so while this is not traditional style ramen, it is indeed a very inventive creation.

Also got lamb ribs and ramen burger. Both were delicious.

I love the open layout of the restaurant. Will definitely be a regular. Cant wait to try other things on their menu.


Posted on: 2013/12/8 23:02
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Re: Bloomberg: Jersey City attracting smarties more than any other big city
#7
Newbie
Newbie


I am chinese and my husband is Indian, I cook both Indian and Chinese food at home. We live in Paulus hook so maybe I can provide some insights about Asian grocery needs.

For chinese cooking, we still need the standard fresh meats, seafood, vegetables on a very regular basis. The condiments are the only things that would require an infrequent trip to an Asian store. We go to Hmart once evey 2 months to fulfill that need.

Similarly, with Indian food, other than lentils and spices, most other ingredients are pretty standard. For these special items we stock up on them once every few months at JSQ.

Other things like tofu, paneer( indian cheese), okra, bok choy are not common in typical grocery stores, but WF in tribeca carries them, so they are not that uncommon afterall.

The problem in our area, is that there is no decent grocery shop within walking distance. I'd like to able to walk to a store after work twice a week and pick up something fresh. Hudson Greene (the only one in the area) is a joke when it comes to real grocery shopping. As for shoprite, with the lines and the distance, I need to spend at least an hour there each time in order to make the trip worthwhile.

So for the past 2.5 years since we have moved here, we have been ordering from Freshdirect twice a week. Judging from the number of FD boxes in the garbage room at our building, many of our neighbours are doing the same.

If I were to compare WF quality and variety with FD, WF beats it hands-down. Price wise both are similar. I hope this answers the question on spending habits ( at least when it comes to food )

So we would love to have something like WF, or better yet, Fairway in our neighbourhood.


Posted on: 2013/8/23 21:02
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Childcare - learning ladders
#8
Newbie
Newbie


Does anyone here know about learning ladders in Paulus hook?

I am considering day care options for my 5 mth old. I went there for a tour. Location is convenient but I find it pricey and their hours do not work for me all that well. But if its a good place I can try to be flexible around my work hours. Would like to hear opinions/thoughts of those who have sent their children there or know of someone who sends their kids there.


Posted on: 2013/5/1 3:01
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