Home Buying in New Jersey>Question Details

Dana, Home Buyer in New York, NY

I would like to buy a house in NJ,Somerville,Raritan...or so.I need to commute to NYC.But the property taxes

Asked by Dana, New York, NY Thu May 29, 2008

are much more in NJ.How and where to look for lower taxes?I am without children,don't need great schools.Is there different on property taxes town to town...any advise?Thanks

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Suggest you buy the least expensive home in the most expensive area. Or to really bring your taxes down, the least expensive home in the least expensive area. Taxes are based on assessed values relative to the community so for example a $300,000 home in an area like Princeton will pay a fraction of teh taxes a $300K home would in Trenton (this is the extreme example) If you purchase well below the assessed or equalized value you may be able to get your assessor to lower your assessment and thereby your taxes.
Remember though when you go to sell, those things you did to keep your taxes down may keep your resale price down. I can assist on North East Corridor rail line towns south of New Brunswick, I have team member who lives in Raritan and could assist there.

Kenneth "Ken" Verbeyst CRS GRI ABR SRES
Broker -Associate
Princeton Office
Prudential NJ Properties
609 430-1288
1 vote Thank Flag Link Thu May 29, 2008
Jeff,

"Yes, taxes do vary from town to town. However....I never heard of LOW taxes in NJ!!!"

You're going about it wrong, first have your clients check out Westchester County in NY, then come back to NJ, they'll be in awe of the "low" taxes and you'll have 'em hooked. Westchester is just shocking.

btw, Connecticut has a personal property tax, so you pay taxes for say, your car. Does NJ have any easter eggs like that in their tax code?

Zack
1 vote Thank Flag Link Thu May 29, 2008
Hi Dana,

I was logged in incorrectly - and so I am resubmitting my answer under my proper id.

I specialize in sales of single family homes and condos/townhomes in Somerset County. Yes, taxes do vary by town - but a few townships do stand out in my mind as good values, most notably Bedminster, Warren, and Basking Ridge.

If you are open to a townhome, then Bedminster would have many options. One of the largest PUDs (Planned Unit Developments) in the country is "The Hills" which contains single family homes, townhomes/condos running on both sides of The Hills - one side is Basking Ridge (pricier) and the other Bedminster. Bedminster is convenient to the hub of 287/78/202/206 plus to the train station at Far Hills. "The Hills" offers other conveniences - such as shopping/restaurants and community living amenities such as pool/gym.

Basking Ridge offers a wide variety of home choices, prices tend to be higher than Bedminster and Warren. Inventory tends to move more briskly in Basking Ridge. Basking Ridge is convenient to Interstate 78 and Route 287 and has train and bus transportation to the city.

Warren offers primarily single family homes across a variety of price points. Warren is convenient to Interstate 78 and Route 22. For train or bus, you would cross 78 and go to Basking Ridge or Millington.

All three of these communities have good school systems - while not important to you directly at this point, it is helpful for resale.

I can help you with these communities as well as with Bridgewater, Somerville, Raritan and other communities in Somerset County. You can reach me by cell 908-337-0943 or email jfhomebase@optonline.net. You'll also find me online athttp:// http://www.feenick.com

Best,
Jeannie Feenick
Weichert Realtors
NJAR Circle of Excellence 2007
Cell 908-337-0943
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Thu May 29, 2008
The ratables vary from town to town and county to county, too. You can commute by train, bus, car or ferry to NYC. Depending on how much you want to spend and how long you are willing to commute, you may be able to find something. In Monmouth County, Spring Lake, Sea Girt, Manasquan, Spring Lake Heights, have lower taxes, but prices start in the 400,000 range.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Thu May 29, 2008
Hi Dana,
Yes, taxes do vary from town to town. However....I never heard of LOW taxes in NJ!!! It also depends on your price range. What type of home are you looking for? single family, townhouse, condo? Let me know and I'll do some research for you.
Sincerely,
Jeff
Web Reference: http://jeffreyvroom.com
0 votes Thank Flag Link Thu May 29, 2008
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