Submitted by moonlitway t3_10hh65i in jerseycity
My mortgage rises by $600 per month after the tax hike. I have a fixed-rate mortgage and my insurance premium stays the same, so the $600 increase is solely due to the tax increase.
Why the BOE has so much power to determine the amount of tax to be added to JC people? This system doesn’t make any sense. Is there anything we can do to change this situation? I can’t afford living in JC if the property tax keeps rising like crazy. They are taxing people to death.
If JC is adding income tax in the future on top of the crazy tax hike, I’m for sure leaving. It’s a beautiful city but I can’t stand the crazy budget increase year after year with no accountability. Anyone feeling the same?
PostPostMinimalist t1_j58gsv3 wrote
Definitely contributed to me not wanting to buy here. I guess prices will fall a bit, relatively.