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Re: JC Public Schools is short $70 million
#1
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Great. So how much will taxes go up on downtown rate payers?


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Posted on: Today 2:59
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Re: The real deal or another Xanadu ?
#2
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Easily another Xanadu. Retail is slowly dying thanks to Amazon. The residential component will help, but who wants to live in such high density housing so far away from NYC?

I'm not opposed to this at all. Best of luck North American properties developing this boondoggle even with excessive state and local subsidizes. I'm also just shocked this thing doesn't become Xanadu II. (Or would that be III?)

Posted on: Yesterday 13:19
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Re: Direct phone number if your trash pickup got missed?
#3
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Possible it wasn't missed and your forgot to pay the "fee." Lol

Posted on: 4/19 19:37
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Re: Group wants new highway leading to Jersey City Waterfront
#4
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Fine. If the political masters have decided this is a done deal, I hope NJ Turnpike Authority spends billions building it and has to raise tolls on the entire state. I also hope LeFrak profits by putting up tons of new buildings along the new road and it quickly eats up all the additional capacity and then some.

As I don't drive and believe in growing the ratable base, especially in that no man's land part of town, maybe this isn't such a bad idea after all.


Posted on: 4/15 14:58
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Re: Group wants new highway leading to Jersey City Waterfront
#5
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Money will prevail over this BS. It will be impossible to build because of the costs involved.

Posted on: 4/14 16:39
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Re: Logistics of 2 Family Home in the Heights
#6
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Quote:

TheNewGuy wrote:
Tried doing a search to see what information I could get on this topic, but I mostly just found complaints/suggestions regarding the aesthetics of the "bayonne box."

I was hoping to get people's experiences (good and bad) with the 2 family homes that seem to be ubiquitous in the heights. Seems like there's very little single family home inventory and the little inventory there seem to need a buyer that have the time/patience/resources for significant improvements (for what I'm looking for).

But, given they're all over the place, I guess the 2 family is really quite the norm and many people deal with them.

Specifically, I was wondering:

(1) tandem parking - how much of a pain is it sharing a tandem spot with a second family? Most of what I've seen have a driveway and a garage, but "deeded" parking. Seems to me that having a tandem spot severely limits the convenience of having a parking spot (but I guess better than the alternative if street parking is as scarce as I've read).

(2) 2 unit HoA. I may just be a pessimist, but do people generally have no issues having a 50/50 stake in the condo association? Does anything get done if, god forbid, theres a dispute? Or, worse yet, if the 2nd family and you are antagonistic?

(3) if the second family ends up leaving or renting - is it tough to get a lender if you want to sell (owner/occupant ratio)?

TIA


Two family is preferred since you can live in one unit and have a renter pay for the taxes and other maintenance in the other. If you have a car, simply don't include the parking space as part of the lease and you'll find a tenant that doesn't own a car or is willing to do street parking.

I don't know anything about a 2 unit HOA. Good luck with that one. But being the owner of a 2 unit home is a much different thing.

Posted on: 4/9 10:29
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Re: Hudson County sues makers of opioids, alleging negligence and fraud
#7
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Quote:

Yvonne wrote:
Mexico and China are producing fentanyl which is the most powerful of all the opioids. So what does the county do? It breaks its agreement with ICE and immigrants can go back into the community where some continue to peddle this drug. http://dailycaller.com/2016/07/27/chi ... in-nightmare-super-drugs/


Yup, it's definitely immigrants behind the opioid crisis.

Posted on: 4/7 22:36
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Re: Kind of makes you wonder about the taxes you pay.
#8
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Quote:

135jc wrote:
Quote:

HeightsNative wrote:
Quote:

RichMauro wrote:
What amazes me is that in a number of these suburban towns homeowners are living pretty nice lives in individual homes and payimg taxes in the same amount in some cases as people in JC who are crammed into condos and living with some horrible quality of life situations. For what?-proximity to NYC? It's outrageous.
Doesn't make sense.


That's not entirely accurate. The new estimated rate in JC is 1.62%, which is one of the lowest in the state. The rest of the state pays between 2.5-3% (I forget the exact average number, but it's well above 2%, so don't quote me)

Even post reval, JC is getting quite a deal on the backs of the rest of the state.


Why do people continually point to tax rates as a measuring stick? Obviously an area with high property values will have a lower tax rate. An area with a high tax rate will lower property values. See how that works? You are also citing a tax rate while property values are at an all time high in Jc. The other cities you compare the rate to have also not just had a reval meaning their tax rate will be inflated since it would not be based on it's current market value. The point is taxes in JC are no great bargain.


Where in NJ are taxes a bargain? Ward E isn't the only part of the city either when we're talking about valustion. There are plenty of properties in this city under half a million.

Posted on: 3/31 18:48
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Re: JC Public Schools is short $70 million
#9
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Quote:

brewster wrote:
So, a quick pass at the numbers JC school costs shows we simply pay staff more than almost anyone, #98 of 103 peer districts. One must assume from years of caving in on contract negotiations. How does a union making more than almost anyone else in the whole country keep pleading poverty?

But almost as interesting is what comes as the last priority, extracurriculars, at 8|103. Surely someone has studies connections between extracurriculars and education outcomes?? Students more engaged in participation in any school activity surely engage more in the classroom.


To be fair, It's the highest cost of living in the state so teachers should be compensated more. But I'm still trying to figure out where the other money is going. $23k a student. Ok. 40 or 50 percent of that is for teachers salaries and fringe benefits. Another percentage to operate and maintain the old schools. What about the rest? Administration seemed really high, but not the highest. Extra curricular seemed really low.

Open up a voucher system and see if the private sector can do any better with 23k.

Posted on: 3/31 14:37
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Re: JC Public Schools is short $70 million
#10
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Quote:

DanL wrote:

Yes, over-aided, but under-funded.

For those interested, good outside perspectives are -

http://njeducationaid.blogspot.com/

and

https://civicparent.org/


The blogspot site is stateaidguy's one. He is extremely knowledgeable on this complicated topic.

Posted on: 3/30 12:47
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Re: N.J. city shuts down burlesque show, citing obscenity laws
#11
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Quote:

DanL wrote:
He is NOT Councilman Solomon.

And this hoopla seems pretty orchestrated, but to what end? Does the mayor wish to distract from bad news, does he want to ride to the rescue and save the day? I guess we'll see.

The corporate council is appointed and reports to the mayor, serving at his/her pleasure. He would not go in a different direction publicly.

I do feel bad for both the performer and bar to be placed under pressure and the spotlight. Hopefully, they will eventually benefit from the publicity.


Quote:

JCGuys wrote:
Hey JCVoter, you're that Solomon guy right? Please do something about it now that you have the power.


Thank you DanL. We rarely see eye to eye but I agree with you 100% here.

Posted on: 3/30 12:44
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Re: N.J. city shuts down burlesque show, citing obscenity laws
#12
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Quote:

JCvoter wrote:
No.
If I supported Solomon it was because I was against the naked attempt by monied interests to install a councilperson in Ward E.
If I had the undue power to influence Solomon I would not exercise it and would be the first to protest if I thought he was unduly influenced.

He's your councilman, you call him. Our power is equal.

My main point here is that this letter was written in haste and delivered at leisure. It had nothing to do with obscenity and everything to do with damaging FM amid a fragile transition.
How has Lillian managed to escape censure thus far? Why now?




Thanks. I'm in Ward D.

Posted on: 3/30 12:43
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Re: Kind of makes you wonder about the taxes you pay.
#13
Home away from home
Home away from home


Quote:

RichMauro wrote:
I was only trying to make a point about quality of life issues when it comes to comparisons. Those who have a vested interest in JC as landlords or investors most probably could care less about traffic, filth, corruption etc. What about those who choose to raise families in JC? Are they getting a fair return on the taxes or rents they pay?


Tenants don't have a vested interest in JC? GTFO. Jersey City has it's problems but it is the affordable option in the metro area for those that need to be in JC or close to NYC. Traffic is horrible, but the solution is more transit investment. We're not building new roads, and stopping new development will just put gentrification in overdrive because there will be fewer places for people to live and prices will rise.

Posted on: 3/30 12:06
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Re: N.J. city shuts down burlesque show, citing obscenity laws
#14
Home away from home
Home away from home


Hey JCVoter, you're that Solomon guy right? Please do something about it now that you have the power.

Posted on: 3/30 11:59
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Re: NJ is state hardest hit by new tax laws
#15
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Just wait till Murphy's tax increase kicks in, especially on millionaires! I'm convinced that retirees that voluntarily stay here that have the means to relocate to a warmer climate are sadomasochists.

Posted on: 3/29 12:24
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Re: Kind of makes you wonder about the taxes you pay.
#16
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What's even crazier is that we have million dollar condos paying one of the lowest tax rates in the state while there are middle class families in suburban NJ towns paying 2.4 percent or more of their home's value in property taxes that are subsidizing Jersey City schools because we are an Abbott District.

Why the suburbs don't revolt due this subsidy I will never understand.

It's reverse Robinhood. Take from the middle class and give to the rich! (We would probably take from the poor too, but there's nothing to take from them so we just settle with underaiding their school districts.) Stateaidguy, any more insights on this topic?

It's not Jersey City or Hoboken to fault, but it's state law. Makes no sense.

Even better is that the state is facing dire straights fiscal situation with the budget. Jersey City and Hoboken are guaranteed by law a minimum amounts in state aid thanks to Abbott status while the state is literally going broke!

It makes no sense.

But hey, if I'm Jersey City, my goal is to aggressively grow the ratabale base and PILOT revenue to the city just in case the unthinkable happens - state law changes and/or the NJ Supreme Court changes their mind about the hundreds of millions in Abbott funding heading to JCBOE. There will be a need to make up that shortfall on the ratable base, in addition the $90 million shortfall JCBOE currently has even with the hundreds of million in Abbott funding. The settlement with the teacher's union regarding health care costs will also probably negatively influence the budget prospects.

Makes no damn sense.


Posted on: 3/29 12:14
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Re: Kind of makes you wonder about the taxes you pay.
#17
Home away from home
Home away from home


Quote:

HeightsNative wrote:
Quote:

RichMauro wrote:
What amazes me is that in a number of these suburban towns homeowners are living pretty nice lives in individual homes and payimg taxes in the same amount in some cases as people in JC who are crammed into condos and living with some horrible quality of life situations. For what?-proximity to NYC? It's outrageous.
Doesn't make sense.


That's not entirely accurate. The new estimated rate in JC is 1.62%, which is one of the lowest in the state. The rest of the state pays between 2.5-3% (I forget the exact average number, but it's well above 2%, so don't quote me)

Even post reval, JC is getting quite a deal on the backs of the rest of the state.


Agreed, JC does have one of the lowest tax rates in the state. And yeah, proximity to New York commands a high premium. If Jersey City was in Cape May County, it would probably look like this (minus the view of the NYC skyline, of course).

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Posted on: 3/29 10:21
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Re: Kind of makes you wonder about the taxes you pay.
#18
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Quote:

Yvonne wrote:
The explanation is quite simple, those towns had more property online and those properties were not tax abated. Non-tax abated properties are added to the tax rolls as ratables not contracts. As those towns ratables increase and you will see a tax deduction. The increased ratables affect all budgets not just the municipality.


That's part of the story. The article goes on to say that taxes fell because expenses fell in some of the towns. The biggest drop was due to school district negotiations that resulted in cost savings.

But I still agree with you, especially when Jersey City is an abbott district. The city gets Payment In Lieu Of Taxes (PILOT) revenue, but since very little of that is shared with the school board, it seems kinda... selfish while the State is sending us hundreds of millions of dollars annually.

My crazy plan - allow any and all new development to automatically get a 5 or 10 year tax abatement (get local politics out of it - have the rules set an established by ordinance or state law so there is no political favor granting) That should be enough to induce development and quickly send the new ratables to the tax rolls. (Faster than 30-years, anyway).

Posted on: 3/28 17:35
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Re: JC Public Schools is short $70 million
#19
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Return to state control and cut administrative expenses.

Posted on: 3/25 13:05
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Re: Battle against the "Bayonne Box" in The Heights
#20
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In an odd twist of events... victory is at hand in the Battle Against the Bayonne Box.

From the Mayor's Twitter:
Quote:
For #JerseyCity -I’m signing an exec order 2day stopping JC granting demolition permits on 1-4 family homes unless engineering reports say eminent collapse. Bottom line: we’re losing many of our great/old homes +being replaced w/the architectural marvel known as “The Bayonne Box”


Modifying the zoning so we no longer get those salmon-colored boxes with pitched roofs and allow 3 and 4-unit town houses to be built instead would be a complete win.

Good job everyone that spoke up.

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Posted on: 3/23 14:06
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Re: New Tax Rate is Insane!
#21
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Quote:

MDM wrote:
The one thing about these appraised values:

If I bought either of these two buildings at the appraised price, I would be cash flow negative. No way the rents would cover, even at lower interest rates.

Something tells me at some point in the future, we will see the mother of price deflation when it comes to real estate.


History may prove you right MDM...

Posted on: 3/17 16:56
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Re: Jersey City, Port Authority settle dispute over taxes
#22
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I kinda agree with the Port Authority that their land is exempt from municipal taxes, so any voluntary payment received from them is a win.

Posted on: 3/14 16:56
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Re: New Tax Rate is Insane!
#23
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Posted on: 3/14 15:12
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Re: New Tax Rate is Insane!
#24
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Quote:

bodhipooh wrote:
Quote:

brewster wrote:
Quote:

JCGuys wrote:
Quote:

Yvonne wrote:
The tax abatement is not 95% city and 5% county. That is an error, in fact, check with the law department of JC if you think I am wrong. It is 100% Jersey City with an extra 5% going to the county. The 5% was a settlement from a Secaucus lawsuit against JC. It was to be 10% but was cut to 5% due to favors due to retribution.


LoL what? People pay 105% of their abatements now?


Haven't you been paying attention? Yvonne is arithmetically impaired.


Just when you thought Yvonne couldn't get any kookier... This reminds me of the time someone tried to argue with me that 25% was not the same as dividing by four. Some people just don't understand numbers.


And she was a (math) teacher? Scary thought. I put this on par with the guy that wanted double decker PATH trains (with really LOW wheels or something for the tunnel clearance haha).


Posted on: 3/14 14:20
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Re: New Tax Rate is Insane!
#25
Home away from home
Home away from home


Quote:

Yvonne wrote:
The tax abatement is not 95% city and 5% county. That is an error, in fact, check with the law department of JC if you think I am wrong. It is 100% Jersey City with an extra 5% going to the county. The 5% was a settlement from a Secaucus lawsuit against JC. It was to be 10% but was cut to 5% due to favors due to retribution.


LoL what? People pay 105% of their abatements now?

Posted on: 3/14 12:00
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Re: New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
#26
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Home away from home


At what point do retirees with money leave the state to escape this high taxation.?

Posted on: 3/13 21:45
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Re: Deputy Attorney General Baker to replace Farrell as Jersey City corporation counsel
#27
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Home away from home


Anytime there's mention of conducting an "extensive" or "countrywide" search to fill a vacancy, you can count on the job eventually being awarded to someone located right here in Hudson County. It's just the way things are. It's because Hudson County has some of the best people you will ever meet. :)

Posted on: 3/13 16:25
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Re: New Tax Rate is Insane!
#28
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Quote:

bodhipooh wrote:
Quote:

JCGuys wrote:
Jersey City budget preview released.

https://hudsoncountyview.com/jersey-ci ... t-with-zero-tax-increase/

No tax rate changes and the total budget is $587 million, $2 million less this year than the 2017 budget.

It's a little odd that the ratable base and PILOT payments have increased this year, the budget has dropped by $2 million, but the tax rate stays the same...

It literally doesn't add up.


Not that odd. Direct real estate taxation only accounts for about 60% of the municipal budget. The other sources of revenue may be lower (state aid, permit fees, other taxes) which could explain a lower budget. A 2 MM drop is not even 0.4%, so that's essentially a rounding error in practical terms.


Good point - I just wish they would comment on what was reduced that had to be made up for in other areas of the budget. The drop in the other sources is in excess of $8 million, since more money was collected in court fines ($2 million more than last year) and PILOT payments (another $2 million) along with a $95 million increase in the ratable base (also good for about $2 million in city revenue).

We won't know exactly how much more until the full budget document is released tomorrow but the $8 million swing is worth looking at.

Also, please critique if any of my math is off the mark.

Posted on: 3/13 16:22
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Re: New Tax Rate is Insane!
#29
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Home away from home


Jersey City budget preview released.

https://hudsoncountyview.com/jersey-ci ... t-with-zero-tax-increase/

No tax rate changes and the total budget is $587 million, $2 million less this year than the 2017 budget.

It's a little odd that the ratable base and PILOT payments have increased this year, the budget has dropped by $2 million, but the tax rate stays the same...

It literally doesn't add up.

Posted on: 3/13 13:51
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Re: New Tax Rate is Insane!
#30
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But that doesn't fit the narrative spread by Yvonne and others that the city loses money with tax abatements. In this case, the city is getting A LOT more than they would if there was no abatement. Not just in total taxes, but since the city doesn't have to split with PILOT payments with Hudson County and the School Board.

What's the breakdown anyway? Most of the property taxes goes to the school board, right?

Posted on: 3/12 15:30
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