Get an idea of what is going on.. not that I have an answer as to why...

http://retirementliving.com/RLtaxes.html

Tax Burden By State
If all other things are equal, a state with a lower burden is a more attractive place to retire than a state with a higher one. To get a true sense of which state is less expensive, you need to look at state and local tax burdens. Only then do the low tax states stand out.

It is estimated by the Tax Foundation that the nation as a whole will pay on average 9.7% of its income in state and local taxes in 2008, down from 9.9% in 2007 primarily because income grew faster than tax collections between 2007 and 2008.

New Jersey residents paid 11.8%, topping the charts. New Yorkers were close behind, paying 11.7%, and Connecticut was third at 11.1%. The top 10 were rounded out by Maryland (10.8%), Hawaii (10.6%), California (10.5%), Ohio (10.4%). Vermont (10.3%), Wisconsin (10.2%) and Rhode Island (10.2%).

Property Taxes
Taxes on land and the buildings on it are the biggest source of revenue for local governments. They are not imposed by states but by the tens of thousands of cities, townships, counties, school districts and other assessing jurisdictions.

Property Taxes by County
New data released by the Census Bureau shows that over a three-year period (2005 - 2007) taxes paid by homeowners in New York and New Jersey counties were the highest while several Louisiana parishes paid the least. This information is based on the data from the Census Bureau's American Community Survey which now includes three-year averages for places where the population is greater than 20,000.

That's a really tough question, but I do know that Bayonne is undergoing a brand new rebirth with much new residential and more importantly, commercial development. If the theory turns out to be reality, all of this development (in particular, the commerial) should bring in much tax revenue and therefore, eventually, cause a leveling off (and hopefully lowering) of some existing homesowner's real estate tax bills.

In the meantime, prior to much of the development (particularly on the Hudson River portion of Bayonne's waterfront), there was a military installation, which has now been replaced (and continues to be replaced) with tax paying residential and commercial properties.

I'm not an expert on why taxes are what they are, but this seems quite logical, given the circumstances.

Regards,
Barbara Tulko
RE/MAX Villa Realtors
201-218-4009 (cell)

That's a really tough question, but I do know that Bayonne is undergoing a brand new rebirth with much new residential and more importantly, commercial development. If the theory turns out to be reality, all of this development (in particular, the commerial) should bring in much tax revenue and therefore, eventually, cause a leveling off (and hopefully lowering) of some existing homesowner's real estate tax bills.

In the meantime, prior to much of the development (particularly on the Hudson River portion of Bayonne's waterfront), there was a military installation, which has now been replaced (and continues to be replaced) with tax paying residential and commercial properties.

I'm not an expert on why taxes are what they are, but this seems quite logical, given the circumstances.

Regards,
Barbara Tulko
RE/MAX Villa Realtors
201-218-4009 (cell)