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[quote="anon-052s"][quote="anon-011q"]Nice. :-) Cranbury homes were the best buy before the re-assessment of home value. I bought one in 2002 that had about $8,000 property tax; now, it's about $14,000! I wish my salary could increase like that. :roll:[/quote] So your taxes went up an average of about 4% per year? Any improvements to your property during that time?[/quote]
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cranburyB-8379
Posted: Tue, Apr 28 2015, 5:33 am EDT
Post subject: Re: One of the best - or rather THE best - small towns in NJ
You can call town hall and have your home reassessed - especially if it sells for significantly less than the assessed value - when we had ours done they told us the aim for 20% of the properties each year - so the entire town should be looked at in 5 years , in theory.
anon-052s
Posted: Mon, Apr 27 2015, 10:55 pm EDT
Post subject: Re: One of the best - or rather THE best - small towns in NJ
anon;oq4s-n68r wrote:
Yes the taxes are a problem and the assessments do not reflect the actual value of your home. There was a sale just recently of a home assessed at $989,400. The home sold after a year on the market for $858,000. This happens time after time . I wonder if there is a reason the committee doesn't try to resolve this. Could it be because the taxes for the four out of five committeee members who pay taxes are so low?
OK, I'll bite... What's your proposed resolution?
anon-052s
Posted: Mon, Apr 27 2015, 10:52 pm EDT
Post subject: Re: One of the best - or rather THE best - small towns in NJ
anon-011q wrote:
anon-052s wrote:
anon-011q wrote:
Nice.
Cranbury homes were the best buy before the re-assessment of home value. I bought one in 2002 that had about $8,000 property tax; now, it's about $14,000!
I wish my salary could increase like that.
So your taxes went up an average of about 4% per year?
Any improvements to your property during that time?
+finished basement.
It sounds like a relatively moderate rate of increase (relative being the operative word). How much was your home in 2002 and how much do you think it's worth today?
anon;oq4s-n68r
Posted: Mon, Apr 27 2015, 9:17 pm EDT
Post subject: Re: One of the best - or rather THE best - small towns in NJ
Yes the taxes are a problem and the assessments do not reflect the actual value of your home. There was a sale just recently of a home assessed at $989,400. The home sold after a year on the market for $858,000. This happens time after time . I wonder if there is a reason the committee doesn't try to resolve this. Could it be because the taxes for the four out of five committeee members who pay taxes are so low?
anon-011q
Posted: Mon, Apr 27 2015, 9:55 am EDT
Post subject: Re: One of the best - or rather THE best - small towns in NJ
anon-052s wrote:
anon-011q wrote:
Nice.
Cranbury homes were the best buy before the re-assessment of home value. I bought one in 2002 that had about $8,000 property tax; now, it's about $14,000!
I wish my salary could increase like that.
So your taxes went up an average of about 4% per year?
Any improvements to your property during that time?
+finished basement.
anon-052s
Posted: Sun, Apr 26 2015, 11:06 pm EDT
Post subject: Re: One of the best - or rather THE best - small towns in NJ
anon-011q wrote:
Nice.
Cranbury homes were the best buy before the re-assessment of home value. I bought one in 2002 that had about $8,000 property tax; now, it's about $14,000!
I wish my salary could increase like that.
So your taxes went up an average of about 4% per year?
Any improvements to your property during that time?
anon-011q
Posted: Sun, Apr 26 2015, 1:39 pm EDT
Post subject: Re: One of the best - or rather THE best - small towns in NJ
Nice.
Cranbury homes were the best buy before the re-assessment of home value. I bought one in 2002 that had about $8,000 property tax; now, it's about $14,000!
I wish my salary could increase like that.
Susan Goetz
Posted: Sat, Apr 25 2015, 1:24 pm EDT
Post subject: One of the best - or rather THE best - small towns in NJ
In case you haven't seen this - nothing we didn't already know but great to be recognized.
http://www.nj.com/entertainment/index.ssf/2015/04/njs_best_small_towns_10_great_places_for_that_week.html#incart_email