Recent comments in /f/jerseycity

pixel_of_moral_decay t1_ja471wd wrote

Well taxes have gone down or held the same due to efficiency improvements in the city. It’s not impossible.

But reality is they should climb with inflation so at least 2% annually. Anything short of that is just budget manipulation and we ultimately pay up with interest in due time.

Taxes are your % of the city budget, so even if everyone’s property value declines, your percentage would stay the same. It’s only if your property declines and others stay the same or increase would you save on taxes. But as you point out, that’s more negative than positive.

The city is way behind on a lot of infrastructure even just maintaining, forget about scaling for density, so I’d fully expect some steep increases over the next 10-15 years until it catches up.

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micmaher99 t1_ja3z4ec wrote

Short answer is no.

If your property value declines, your taxes might go down. But you don't really want that if you're an owner. If you're over assessed, your taxes might go down if you appeal or in a reval. But for budgeting purposes, expect it to increase 2-3% a year in most of NJ. In JC I'd expect it to go up like $1000/year each year for another year or two, then go back to steady growth.

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