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Hoboken Real Estate Taxes All Locations : Nationwide Real Estate Advice

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Showing results for Hoboken Real Estate Taxes [Clear search]
Thu Jul 22, 2010
Matthew Franklin answered:
I think you'll find that all 3 of those cities are great places to live. Hoboken is going to be the most established with a concentration of night life, shopping, and restaurants. Jersey City is a huge city that wraps around Hoboken on it's southern and western borders. I live in the Heights section of Jersey City, which is certainly the most affordable of the 3, but is only a 5 minute walk into Hoboken and has great access to bus and rail lines into NYC and Hoboken/Downtown Jersey City.

Downtown Jersey City is an up and coming area of Jersey City with some area's being as expensive as Hoboken. It has a strong artist community, thriving business district and a multitude of great dining options. I think you'll find that your budget is going to dictate where you focus on. Do you have an idea of how much you'd like to spend each month? If you'd like to email me that information, I'd be more than happy to email you a sampling of some listings.

When are you planning to be out in the area to look around? When you are here, I'd also suggest looking in Weehawken, which is a more residential area to live in, but offers great conveniences to NYC. Good Luck!

Matthew Franklin
Realtor Associate
Halliburton Homes
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0 votes 8 answers Share Flag
Sat Jun 18, 2016
Marc Paolella answered:
Hi Kimchee,

I charge $300 for a condo appraisal, but you may want to just have the unit measured if all you need is square footage verification. You are under no obligation to use the square footage in the master deed if it is wrong.


Marc Paolella
Relocation Director
Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235
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0 votes 17 answers Share Flag
Mon Feb 22, 2010
Richard Lecinski answered:
Fri Feb 12, 2010
Jerry Barker answered:
You can find all the information your looking for on
0 votes 9 answers Share Flag
Tue May 18, 2010
Anoir Redouane answered:
Hi NJ,

I hope this response finds you well.

Unfortunately for you NYC has quickly rebounded; there was a time not too long ago where any seller that had to upgrade could get most for their money, because the higher priced properties were relatively inexpensive and/ or dropped more percentage (and $) wise compared to the smaller units. There probably still some great deals to be got, so I would love to hear about your search particulars.

Hopefully we can find you a fitting place and you can still stay in NYC as it sounds that this is were you'd like to be. In the case that you are right and we can't find you anything here than I would love to refer you out to a Real Estate Professional across either rivers.

There are a lot of great places accross the Hudson river that are very palatable when it comes to your commute, one such place is Hoboken, NJ, not to steer you in any kind of way (as this is illegal), but I have an extensive knowledge about Hoboken, since I have worked there for many years. Also very close to Manhattan are the areas (towns) along "Boulevard East" and River road. Depending where you need to be in Manhattan it can be on average as little as 25 minutes door to door in commute. Same to be said for neighborhoods in Queens and Brooklyn as there are some very cozy neighborhoods with ots of amenities.

Another alternative (which is frowned upon in this economy as this is people's mind as one of the down-falls of the Real Estate and other markets) is to speak to a mortgage banker and see if there are any financially safe mortgage products that cater to your situation as it's now and in the future, that could get you "more" home. It's in general frowned upon, because in the past some mortgage products were mis-used (or abused), truth is that there are still some mortgage products out there that, depending on your goals and personal situation, could very well keep you in Manhattan (I can refer you to an experienced mortgage banker) that can tell you about your posibilities.

Please feel free to contact me to see how I can help you either here in NYC or by referring you out to my wonderful colleagues accross the river : )

Best regards,

Anoir Redouane
Professional Real Estate Consultant

Halstead Property, LLC - SoHo
451 W Broadway
New York, NY 10012
T: 212-381-4209
F: 646-775-4290
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0 votes 10 answers Share Flag
Sun Jan 29, 2012
Barbara Tulko answered:

This is a really tough question, but I will do my best to give you a sensible response.

First of all, NJ has many diverse communities within several counties, so there are a lot of questions you would need to answer within yourselves as it relates to the lifestyle you are hoping to find here in NJ. What I mean is simply, if you are happier in an urban environment, then I would suggest one or more areas where it is lively, very close proximity to New York City, where lots of young professional families live with their children, etc. If on the other hand, you prefer more of a rural and or country-like quieter environment, then you would be looking at towns further away from the urban centers.

Hoboken, NJ (Hudson County) for example is packed full of professionals with children who mostly attend private schools, of which there are many to choose from. It is a one-square-mile community so that every product and service you can think of, for the most part, is within walking distance. There are many many childrens' activities and numbers of day care centers in addition to regular schools. There are Mommy & me groups meeting every day throughout the community for non-working Moms with preschoolers, etc. It is within a stones' throw to New York City and has Ferry, Bus, Light Rail and PATH public transportation.

Weehawken, NJ (Hudson County) is adjacent to Hoboken and is also another community chock full of young families with their children, who prefer city living with just a little more taste of open space and room, etc.
Again, it is within earshot of New York City, airports, shopping and has Light Rail, Ferry, Bus and commuyter van public transportation facilities. Weehawken sits atop the Palisades natural rock mountain range overlooking the Hudson River and enjoys fantastic panoramas of the New York Skyline and Hudson River.
It takes about 5 minutes to get to Hoboken and avail yourself of the products and services also offered in Hoboken, as well. Weehawken public schools are rated quite well and the classroom sizes are usually under 20 children per teacher and teacher's assistant. There are recreation programs galore throughout the year for children, as well and many recreation facilities.

Getting a bit further from New York City, yet within a fairly reasonable commuting distance and the opportunity to easily avail yourself of all that Manhattan has to offer, the next closest county to Hudson would be Bergen County and/or Passaic County. Rutherford, NJ has an outstanding reputation for great schools, day care, recreation programs and although the housing stock is spread a bit further apart and you get more "space" around your home, it still has a downtown shopping district, bus service to New York and train service running through its center.

From these areas mentioned, you can go further away and even find an absolutely rural community that still has a nice town center, shopping, schools...yet with a much more quiet, country setting.

Bottom line is that NJ has every type of community one could hope for and the trick is to find the one which is right for you and in addition to lifestyle, economics, where you will need to get to to earn your livelihood, etc. will all factor in.

I could go on and on...citing dozens of examples of communities that would be wonderful in which to raise your child, but in order to be effective and really of help to you, I would need to have the conversation about "lifestyle" in order to make some appropriate recommendations.

Hope this helps and if you wish to speak with me, feel free.

Barbara Tulko
RE/MAX Villa Realtors
201-218-4009 (cell)
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0 votes 20 answers Share Flag
Tue Dec 29, 2009
Sean Shallis answered:
Dear Soni,

i would suggest one of the following areas: Grove street, journal Square or Hoboken ...Yes, you can even find a two bedroom two bath in Hoboken under 400K ,..!

I'd suggest going to my website and looking at the search by city , then by price.. this tool should make the beginning part of your search very quick and easy..

Obviously, I'd be honored to help you find the perfect home in and around your desired budget .

Please don't hesitate to call or email me immediately ...


Sean T Shallis

Broker/Sales Associate
Senior Real Estate Strategist
Weichert Realtors and The Shallis Group
1 Newark St, Hoboken, N.J. 07030
Office: 201-653-8488
Direct: 201-427-1032
Cell: 201-988-1393
Fax: 201-427-1022
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0 votes 7 answers Share Flag
Sat Feb 6, 2010
John Sacktig answered:
My advice to you is to get your home on the market prced correcty and then start looking. The worst thing for you is to go and find a place and then liv through the agony of hoping someone will buy your place. Get your home ready, set the price correctly, then go look for homes. The beast way to do it!\

Clal if you need a freesh set of eyes to come in and take a look, give you a CMA and help you get your home sold!

John Sacktig
Broker / Manager
Orange Key Realty
Office: 732-863-6969
Cell: 732- 213-1490
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0 votes 19 answers Share Flag
Sun Jul 18, 2010
Ian A. Wolf answered:
Wow. A lot of good questions. Here;s the long and short of it. You really need to talk to a lender to understand accurate answers to most of your questions. A lender will be able to show you the dynamics of buying vs paying off your dept and how that will impact your monthly payments. If you need a recommendation, let me know. You also can put as little as 3.5 % down, so depending on loan programs etc. 20% down may not be necessary. Personally, as someone who owns multiple pieces of Real Estate I would suggest that now is an excellent time to buy real estate. The down markets are a great opportunity to capture future equity growth. I also believe single family homes tend to retain value better than a condo, however it will depend on location, demand, make up, and preference. I actually live in a townhome, because I like maintenance free living. However, I feel I have taken a bigger hit in value as opposed to single families in my area. Interest rates in general are quite good right now, but again your best route is to talk to a good lender. Hope that helps. ... more
0 votes 13 answers Share Flag
Wed Nov 18, 2009
Carl Ben Witzig answered:
Welcome, almost, to New Jersey. Bay St is new to the market and you may be the first in. Comparable space, amenities, location, and similar units recently sold, all will go into the appraisal for financing purposes. The tax assessment will be largely based on the closing sales price. The tax rate ($2.301 per $100) times the tax assessment will create the real estate tax for the year. If they sell for $449,000 taxes will be about $10,200. Are they worth the price? After you see the units and compare them to other possibilites, you the buyer will determine if they are worth the price. There are many things to consider when buying. Let me show them to you along with other possibilities. .
Carl Witizg
Weichert, Realtors
Upper Montclair
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0 votes 5 answers Share Flag
Sat Oct 17, 2009
Cathy Cataletto answered:
It would be within your best interest when purchasing any new construction to go to the tax office and find out the estimated taxes. New Construction is taxed differently and most often much more then resales. The other recommendation is for you to get an inspection done, just because it's new doesn't mean it's built well. Lastly, you will make sure that you get a c of o (certificate of occupancy) before you close. That assures that the home was built to code.

Good Luck

Cathy Cataletto
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0 votes 7 answers Share Flag
Sat Oct 10, 2009
Kimberly Brandon, GRI,SFR answered:
For that information you will have to contact a REALTOR - only the REALTOR Multiply Listing Service tracks that type of data.
Hope this helps...Kimberly
0 votes 12 answers Share Flag
Mon Nov 23, 2009
Walter Burns answered:

In a gut renovated condo you will have upgraded electrical, plumbing, & fire suppression which the City of Hoboken inspected so everything will be up to code and done properly. That is a good thing.

You may want to look into the history of the builder to see what others say about the quality of their construction and if there has been any litigation against them by previous condo associations regarding faulty work. Hoboken is a small town so more than likely the builder and developer have done work here before.

Finally on a gut renovated condo you may have higher property taxes than an older re-sale. The City may have reassessed the unit based upon the recent renovations. If you are looking at a condo conversion, your taxes will be based upon the sales price of the unit. I recommend contacting the Hoboken Tax Assessor's Office to get an estimate on what the taxes will be. They can be reached at 201-420-2024.

Please let me know if you have any additional questions. I'll be happy to assist.


Walter J. Burns
Weichert Realtors
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
347-4-HUDSON Direct
347-448-3766 Direct
201-694-8946 Mobile
201-653-4154 Fax
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0 votes 6 answers Share Flag
Wed Oct 14, 2009
Walter Burns answered:

I recommend requesting a copy of the master deed & bi-laws for the condo you are interested in. The master deed should outline how the yard ownership is stated.

I live in a 4 unit condo building in Hoboken where the ground level unit has what all of the owners thought was a "deeded" yard. I just looked in my master deed and bi-laws and this is what is says regarding that unit.

"Unit #1 shall has exclusive use of the rear yard, this is a limited common element and as such the responsibility to maintain shall be solely attributable to unit #1."

Since I am not a lawyer, I recommend speaking with one if you have questions about this issue especially your question about losing the yard in the future. A lawyer will be able to interpret and clarify your legal rights with the yard. I have never heard of a yard being taken away from an owner by a condo association. With limited common elements, when you sell your unit, the yard sells with it. The yard and the condo cannot be divided and sold separately.

Please let me know if you have any additional questions. I'll be happy to assist.

All the best in your home search.


Walter J. Burns
Weichert Realtors
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
347-4-HUDSON Direct
347-448-3766 Direct
201-694-8946 Mobile
201-653-4154 Fax
... more
0 votes 5 answers Share Flag
Thu Jul 14, 2016
Elena Schwartz answered:
Hi Prabha,
There are a number of elements that contribute to pricing, in general, such as size, location, and condition of a unit within a complex, maintenance fees, taxes, not to mention financial strength of an association. However, supply and demand also play an important part, especially in this case. There are a large number of units currently available at The Galaxy and the number of units going into contract fairly low. Sellers who truly want to sell their properties are reducing prices in order to be more competitive with other properties for sale, and to be more attractive in price point to potential buyers. I hope this has been helpful; please don't hesitate to contact me if I can be of further service!
Elena Schwartz, ABR(r)
Sales Representative
NJAR Circle of Excellence 2008
(O): 201-392-3939 X128
(C): 201-600-1612
... more
0 votes 4 answers Share Flag
Thu Oct 15, 2009
Judith Saunders answered:
unfortunately minimal. Some buildings will allow co-purchase with a parent but very few will accept only 10% down. The usual down payment is 25% although some allow 20%
0 votes 9 answers Share Flag
Fri Nov 13, 2009
Sean Shallis answered:
Hello Tao,

In my professional opinion, I feel the Hoboken Condo market is going to continue to trend downward over the next two quarters between 3-5% over all. This number may increase as a result of the FHA policy changes on Oct 1st 2009, Truth and Lending Policy July 30th 2009, banks and financial institutions reluctance to accept ‘short sales and or a Deed-in-Lieu’ and the staggering 700,000 foreclosures being held off the market by banks and financial institutions. It should be noted that many of the larger financial institutions have been following the newly revised Truth and Lending Policy guidelines for over six months now. Though we are not exactly sure how the changes mentioned above will effect the market over-all, our informal research and the opinions of market professionals anticipate “growing pains” at best.

Here are a set of our recent articles on the home buyer credit

For a free and confidential discussion on the Hoboken condo market feel free to give me a call today on 201 988 1393
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0 votes 10 answers Share Flag
Sun Aug 23, 2009
Walter Burns answered:
Properties have annual taxes associated with them. These taxes are paid quarterly to the City of Hoboken, however your mortgage company will probably escrow taxes on a monthly basis and pay these taxes to the City on your behalf. You will continue to pay property taxes for all long as you own the property. The taxes can go up and down, depending on the financial state of the City of Hoboken and State of New Jersey.

There are other costs involved when purchasing. These one time costs are called "closing costs." I wrote a blog posting several months ago about this topic. Feel free to check it out.

Please let me know if you have any additional questions. I'll be happy to help.


Walter J. Burns
Weichert Realtors
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
347-4-HUDSON Direct
201-694-8946 Mobile
201-653-4154 Fax
... more
0 votes 2 answers Share Flag
Wed Jul 15, 2009
Carol Eisenstein answered:
My suggestion would be to first go on the town web sites and there will be lots of information that will help you with safety, and living. All but Fort Lee are in Essex County. You need to make a list of the important must have in a town for you to move there. I would advise you to start the process by calling a local real estate agent, speak with them .Have them take you out to see all of the towns that you are considering to get a feel for the communities and what your money will buy in those town. With this research you will be able to narrow down the area. It's a process and it takes time. Good luck! If you would like any information sent directly to me regarding any of these areas please email me at I cover all of the areas that you are interested in.

Carol Eisenstein
Prudential New Jersey Properties
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0 votes 14 answers Share Flag
Wed Sep 16, 2009
Tracy Freeman answered:
Hi Howard. West Orange is a great town, but commutting to the city will be via bus. Train commuting tends to be more desireable. May I suggest that you check out Maplewood, South Orange and Summit. All are great towns/cities to live in, have available properties that fit your criteria and are on the Mid-Town Direct Train line. If I may be of any additional help please feel free to email me at: or check out my website: for community and train websites. Safe travels home! - Tracy ... more
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