4 ms·

Another thing to keep in mind, North Jersey has atrocious property taxes, and they keep going up.

• murph-almighty 7y ago
  This is true. The saddest part about this is a lot of new construction are luxury apartment buildings with 10/20 year property tax abatements. These apartments sell for millions. That's an insane tax revenue loss that literally goes to people who will probably be fine without that abatement.
  • kmano8 7y ago
    Not only that, but the abatement being attached to that property inflates its selling price.