why are taxes so high for a plainfield home? will they ever drop?

Claudia
Home Buyer
Plainfield, NJ

Answers (2)
Rich Knapp
Agent
Naperville, IL

Hi Claudia,

Plainfield passed a huge bond referendum 5 years ago to build new infrastructure (schools, roads, sewers, etc). This, I think is a 10 or 20 year plan. After that who knows if the taxes will go down. Probably not in dollar terms but in market terms maybe. Contact me for more info.

Thanks,

Rich Knapp

Web Reference: http://www.RichKnapp.com
Thu Nov 6 2008, 06:58
Michele Nixon
Agent
Naperville, IL
FIRST ANSWER

Hi Claudia,

Plainfield had some incredible growth prior to the market turning. Because of that growth, they had to build a number of schools including two new high schools. The new construction homes carried the brunt of that expense. Also, because of all the new construction, quite a bit of infrastructure (city water, sewer lines, etc.) needed to be in place. And, of course, once a town starts growing, that means more city services as well.

Will they ever drop? It isn't likely to drop; at least not significantly. I find that once townships start money rolling in, they rarely want to stop that flow and, more often than not, can't stop the flow.

I hope this makes sense. If you have any further questions, I'd be happy to assist you.

Wed Nov 5 2008, 19:09

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