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Re: Jersey City mayor-elect orders end to citywide reval
#1
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One street over:
https://www.zillow.com/homes/82-prospect-st,-jersey-city,-nj-07307_rb/

Was the Heights supposed to be in the 1/3 that taxes stayed the same?

Posted on: 3/2 12:28
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Re: Jersey City mayor-elect orders end to citywide reval
#2
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When do 2018 appraised values have to be sent out? Is it possible we have the election on November 7 then get our new appraised values/tax a few days later?

Posted on: 2/16 10:59
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Re: Jersey City mayor-elect orders end to citywide reval
#3
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What are the odds the new values are sent to taxpayers by Nov. 13, 2017 as planned? In the original timeline inspections were supposed to start in Sept 2016 so already 4.5 months delayed.

Posted on: 1/10 13:34
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Re: Jersey City mayor-elect orders end to citywide reval
#4
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Quote:

brewster wrote:
Personally, I'd say add the rolling reval,ie reset on sale. But that's controversial for reasons obscure to me, likely realtors hate it.


I agree Brewster. I recently exported the JC tax roll to Excel and filtered for vacant land that sold since 2010 for $50,000 or more. 437 properties were on the list with a total sales price of $916 million. Tax paid $2.5 million which is 0.26837%.

Posted on: 2016/5/23 10:08
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Re: Jersey City mayor-elect orders end to citywide reval
#5
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Quote:

SOS wrote:
Some people may be underestimating the rise in property values in areas beyond downtown. The heights and Journal Square for example are all doing incredibly well. Fulop uses this as one of the significant reasons why the reval should be delayed. In the last 3 years or so the disparity in housing prices in the city has been decreasing at a higher rate than prior years. Fulop haters may not agree, but having a competent mayor has something to do with it.



I agree with this. If you look at what properties in the Heights, BL and JSQ are selling for vs the assessed values and taxes the 2.1% post reval rate everyone is quoting makes no sense. I think it will be well below that figure.

Posted on: 2016/5/5 12:49
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Re: Orthopedic Doctor in JC …or Manhattan?
#6
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I had ACL surgery last month at HSS. https://www.hss.edu/physicians_difelice-gregory.asp

Dr. DiFelice is very good at listening to what your goals are and tailoring recovery to that.

Posted on: 2016/1/7 10:25
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Re: Explanation of abatements
#7
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Does anyone know where to find the tax revenue broken out by Ward (excluding PILOTs)?

Posted on: 2015/11/20 15:12
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Re: Is Jersey City Real Estate in a bubble?
#8
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Quote:

SRhia wrote:
Thank you @jcguy05 for the long reply!

I'm curious though (and this is for all real estate investors): what is the advantage/disadvantage of cashing out? Assuming someone brought a property for investment (renting out) 5 years ago, and is currently breaking even (or making money) on rent. Why (or why not) would you cash out now? I can think of:

Advantage:
- cashing out to get cash on hand.
- Cash can be available for next investment property when market crashes. Or cash available to make other investments (eg stocks, etc);
- less to worry about (no tenants calling about problems!!!)

Disadvantage (??? Or perhaps rather "reasons to keep it"???):
- Tenant is already paying rent, so you're building equity. Why not keep it??? In 30 years (or length of mortgage), you'll own the property. And given it's a long time horizon, the property will appreciate in value by then anyway.
- no need to go through the hassle of selling (probably not a legit reason

So - did I miss something? Why are some others reasons to sell vs. keep an investment property knowing the market is going down?

Trying to learn here (since looks like there're some pros here)


Disadvantage:
Taxes, unless you can make a 1031 exchange work (which is not easy and you are then buying at the peak) you lose a good chunk of equity that is currently working for you.

Posted on: 2015/10/23 9:17
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Re: Is anyone else having a problem with parking permits
#9
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I also mailed my renewal in about 3 weeks ago but have yet to get my new sticker. Have not tried to call. Maybe someone was on vacation?

Posted on: 2015/10/17 8:56
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Re: Short term/ Realtor
#10
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You have a private message.

Posted on: 2015/9/18 14:55
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Re: Early Morning Run
#11
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Quote:

gordonh wrote:
I (female) run at 5:30. I feel safe on the waterfront (and I get to see the sun rise) and through the downtown streets. As it gets darker, I don't really like going over the foot bridge alone. One reason is there are a lot of skunks in the park and they've caught me off-guard. And some of them don't seem right (rabid).

I've never been hit by a car.

I also run with a dog and without headphones.


Agree on the skunks in the park. It has gotten much worse in the last year or so. I have seen them in 4 different locations on one run but no close calls get sprayed (yet).

Posted on: 2015/8/27 12:31
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Re: Early Morning Run
#12
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I have been running to LSP early mornings (5:30) via the pedestrian bridge since 2005 and have never had an issue. There certainly are lots more people around at that hour then there used to be. I do run with a dog and don't wear headphones so that I pay attention to what is going on around me.

I have not had any close calls with cars.

Posted on: 2015/8/27 11:49
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Re: After successful property tax appeal, when will it be in effect?
#13
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We won our appeal in Spring 2010. I just looked back at the payment history and the change did not post until October 2010.

Posted on: 2015/8/21 9:50
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Re: Republican state senator slams Jersey City on tax abatements
#14
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Quote:

bodhipooh wrote:
Quote:

landshark wrote:
Quote:

Sommerman wrote:
Quote:

JCGuys wrote:
This is a fair assessment. DTJC would suffer more than say Greenville, but all would suffer none the less if Abbot funding disappears. Owners of long term tax abated properties would be the only ones unaffected.

It's better to do something now than let the problem compound itself by kicking the can down the road.


Just a guess based on small sample observation, but if 'suffer' means being unable to afford one's home, DTJC might suffer much less than poorer neighborhoods. Pulling a kid out of private school, day care instead of nanny, cutting back on vacations, making a lump sum mortgage payment and refinancing are options that free up money, should taxes go up. Just a guess...


What % of DTJC kids are currently in private schools? What happens when all these DTJC families can't afford the private schools because their taxes doubled or tripled and flood the public school system? Not saying that is a reason to stop the reval but a reality that should be addressed.


And the alternative is to keep shafting the other wards? Because, honestly, right now, DTJC is getting a great deal: real estate continues to appreciate higher, real estate taxes are below what they should be, which in turn make their properties that much more attractive to potential buyers, who can afford higher mortgages since they pay little in taxes.

The reval has to happen. Putting it off is only perpetuating the relative tax abuse perpetuated on residents outside of DTJC, while compounding the problem. It will be painful, but the more they wait, the more painful it will be. But, the bigger issue for DTJC (and all of JC, really) is the question of the future of Abbott funding. Right now, living downtown is very attractive to young families who can opt for free PreK and relatively low BOE school taxes. If those were to go away, that will severely impact real estate values in JC.


You have to admit that large numbers of DTJC parents sending their kids to private school keep taxes lower for all than they otherwise would be. But to Monroe's point it is other NJ towns who would feel that pain worse than JC as things currently are structured.

No doubt the reval needs to be done and the Abbot funding needs to be addressed. I am just really worried about the school system collapsing with a flood of new students coming in and taxes skyrocketing on all to cover those students.
Not sure which part of the mess it is best to fix first.

Posted on: 2015/8/5 13:23
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Re: Republican state senator slams Jersey City on tax abatements
#15
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Quote:

Sommerman wrote:
Quote:

JCGuys wrote:
This is a fair assessment. DTJC would suffer more than say Greenville, but all would suffer none the less if Abbot funding disappears. Owners of long term tax abated properties would be the only ones unaffected.

It's better to do something now than let the problem compound itself by kicking the can down the road.


Just a guess based on small sample observation, but if 'suffer' means being unable to afford one's home, DTJC might suffer much less than poorer neighborhoods. Pulling a kid out of private school, day care instead of nanny, cutting back on vacations, making a lump sum mortgage payment and refinancing are options that free up money, should taxes go up. Just a guess...


What % of DTJC kids are currently in private schools? What happens when all these DTJC families can't afford the private schools because their taxes doubled or tripled and flood the public school system? Not saying that is a reason to stop the reval but a reality that should be addressed.

Posted on: 2015/8/5 10:03
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Re: New Cafe Ordinance - Call to Action
#16
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Quote:

user1111 wrote:
FYI this ordinance was in play way before Prato came to JC... I heard about it last year 2014 when a few businesses were trying to open up on Ocean ave at one of our Block Association meetings. This has very little to do with Prato I do understand why you are all think so.

Many business owners who wanted to open up a cafe were being treated as if they were opening up a restaurant which is quite different.


This. I have been hearing about this for a while as well.

Posted on: 2015/7/21 14:21
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Re: Engagement Rings
#17
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Try Jewelry Patch (501 7th Avenue)

It is a small shop located on 7th between 37th and 38th so easy to get to from PATH. It is run by a friend of a friend's father and where my engagement ring was purchased.

Posted on: 2015/7/21 12:40
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Re: Officials break ground on $54M elementary school in Jersey City Heights
#18
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Quote:

MDM wrote:
[quote]

I would like to see a survey of the public schools to see how many of the students actually live in those market rate high rises.

I remember at one time (way back when the State first took over the JC schools) I read a statistic that something like 40%+ of the students in JC where in private / parochial schools.

I would be curious what the statistics are now.


I would like to know the % as well. As a parent of two young kids that go to private school I would be thrilled to pay more in taxes if it meant my kids could get a good education in our public schools. What happens though when we build these new schools and the 25 to 40% (whatever the number is) of JC kids who were in private schools decide to switch to public?
There is not enough money in the current tax base to pay for all JC kids to go to public school. Taxes have to go up but how many people will leave because of it?

Posted on: 2015/1/12 13:29
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Re: Pediatric Dentist - recommendations?
#19
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My kids go to Dr. Melanie Medrano on the corner of York and Jersey. Nothing fancy but she is very nice and can't beat less than a 5 minute walk to her office.

307 York Street, 2nd Floor
201-369-9757

Posted on: 2014/10/22 16:35
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Re: Whole Foods in JC?
#20
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Posted on: 2014/10/10 9:11
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Re: Holy Rosary School
#21
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Quote:

Mao wrote:

Landshark- who told you about St. Brigit's? Is that official? Is it public knowledge?



It was announced at mass this past Sunday and there was a letter about it in the bulletin.

Posted on: 2014/9/26 9:12
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Re: Holy Rosary School
#22
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As a side note, St. Bridget church on Montgomery which is currently part of the St. Mary's parish is closing soon as well.


Posted on: 2014/9/24 17:15
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Re: Black community responds to police shooting of unarmed black teenager by looting businesses
#23
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Quote:


Insurance typically doesn't cover riots/acts of terrorism, which this falls under. What about the 60+ businesses, many small business owners, who have had their livelihoods destroyed over the media's incessant race-baiting? Anyone care about them?

Remember, these race riots could easily happen here, as it got pretty bad after they killed the cop and dedicated the shrine in his honor. They could loot and burn DTJC. If Ferguson is any indication, no one will even care, instead focusing on the plight of the looters.


For our properties in DTJC we have commercial insurance policies with a terrorism add-on. It is an extra $8 a year or something like that. Hopefully some of these store owners have it as well.

Posted on: 2014/8/18 10:24
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Re: Oil Tank - How do I find out if property has one?
#24
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We have dealt with this many times. It comes down to how good of a deal on the house you think you are getting to decide if it is worth paying some of the cost to remove the tank. Of course never assume liability if there is contamination but if you are paying below market to begin with and a few thousand will get your dream home then offer it up.

We have fronted the money to be reimbursed at close, paid half of the removal fees and paid for the whole thing.

We also use Saf at Tadco.

Posted on: 2014/8/15 13:35
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Re: Oil Tank - How do I find out if property has one?
#25
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Quote:

gordonh wrote:
We used Safwat Taurus of Tadco 201-852-3764. He took care of permits and was very professional.

FYI, if he had found a tank, we would have walked away from the sale.


I second Tadco. We have used them a few times for tank removal.

Posted on: 2014/7/23 15:28
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Re: Where should you live in New Jersey?
#26
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I got Maplewood as well.

Posted on: 2014/7/23 15:26
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Re: New Garbage Hauler for JC
#27
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On our street garbage is picked up Wed night and recycling on Thurs so garbage should not be out with the recycling. Am I missing something?

Posted on: 2014/2/28 9:39
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Re: Fabuwood Cabinetry Over by Liberty State Park
#28
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Quote:

brewster wrote:
Quote:

landshark wrote:
We have used them and have been happy with the quality. Not sure as average consumer if you can go there and order though. Might have to go through a dealer.


Landshark, if you went direct, are you a contractor or landlord?


We have a cabinet guy in Bayonne we have used for years and he places the order for us.

Joe at Innovative Kitchen Designs 201-436-4300


Posted on: 2014/2/26 9:09
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Re: Fabuwood Cabinetry Over by Liberty State Park
#29
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We have used them and have been happy with the quality. Not sure as average consumer if you can go there and order though. Might have to go through a dealer.

Posted on: 2014/2/25 10:11
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Re: Running in Snowy JC: Waterfront or LSP?
#30
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I (female as well) have been running to LSP via Jersey Ave bridge early morning with my dog for 8 years and never have had a problem. I don't run with music though so that I can pay attention to what is going on around me.

Posted on: 2014/2/24 11:47
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