Posts tagged as:

property-tax

Is New Jersey Running Out of Money?

30 September 2010

New Jersey taxpayers bear one of the highest state and local tax burdens in the country, a fact that wasn’t lost on voters in the most recent gubernatorial election. Residents generally took some solace in the fact that they receive, on average, a significant amount of services from the government (including well-funded and high-performing public [...]

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New Jersey Caps Property Taxes: Will It Be Enough?

13 July 2010

Nobody likes a tax hike. It especially hurts when you’re already tops for taxes in the nation. New Jersey, which holds the distinction of having the highest tax burden in the nation for three years running, has been pushing back at a budget with increases that Governor Christie (R) insists are necessary. This week, the [...]

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Philadelphia Real Estate Taxes On Their Way Up

14 May 2010

I woke up this morning to grumblings on Facebook about Philadelphia’s budget deal: a “temporary” 9.9% increase in property taxes. The “temporary” (cause who really believes it will be temporary?) increase is an effort to plug a $150 million deficit in the city’s budget. The boost was approved by City Council and Mayor Nutter is [...]

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Property Tax Assessment Challenges A Success in Parts of NC

29 March 2010

In a bad economy, we all tend to look at our bills a little more closely. That effort is paying off for property owners in Orange County, NC, where 6 in 10 property owners have successfully challenged property assessments. Orange County, NC, is near my old stomping grounds in Wake County, NC, and is probably [...]

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NJ Taxes On the Rise

12 June 2009

NJ is not exactly known for affordable living – especially when it comes to taxes. It appears that will only get worse in 2009 as lawmakers scramble to close holes in the budget. The state budget currently sits at $28.6 billion, about $4 billion less than last year. Faced with flat revenues, the legislature has [...]

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Fix the Tax Code Friday: Property tax abatement

19 December 2008

It’s Fix the Tax Code Friday! Earlier this week, the Philadelphia Inquirer ran an article about an issue that has been on the minds of many local taxpayers as the city prepares for major cuts in services: real estate tax abatement. Many municipalities – from major metropolitan areas like Philly and NYC to smaller towns [...]

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Wal-Mart: Prices Aren’t the Only Things That Are Falling

18 August 2008

Last year, I posted about Wal-Mart’s aggressive stance on paying property taxes; not surprisingly, Wal-Mart isn’t a fan of paying property tax and has challenged a disproportionately high percentage of assessments for its stores (more than 2,100 property tax challenges nationwide). I titled the piece “Does Wal-Mart Want Your Kid To Read?” Flash forward to [...]

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The $20 million “Oops!”

7 July 2008

In San Mateo County, California, the Board of Supervisors is holding a closed-door session to deal with a $20 million mistake. As mistakes go, it’s a pretty big one. The San Mateo County Superior Court awarded Genentech, a self-described profitable biotech firm, $20 million in a recent court case. Genentech had filed suit against the [...]

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How Much Is Your House Worth?

2 January 2008

And why does it matter on a tax blog? Consider this. You buy a house in the midst of a housing boom. Prices go up, up, up. Subprime mortgage mess hits. Other credit woes ensue. Housing market drops. As in plummets. And suddenly, your house isn’t worth as much as you thought. Sound familiar? It [...]

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Tax Goes High Tech… with a little help from Google

22 July 2007

There are all kinds of ways to stave off tax fraud… and technology has landed tax officials yet another weapon in the fight: Google Earth. I’ll confess that I only ever thought of Google Earth as a fun toy to find images, though I know that there are a lot of practical uses for it. [...]

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