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I haven't had a good New Jersey thread in a while... so this should qualify. Leaving.

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I haven't had a good New Jersey thread in a while... so this should qualify. Leaving.

Old 02-11-2019, 12:25 PM
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Talking I haven't had a good New Jersey thread in a while... so this should qualify. Leaving.

https://www.foxnews.com/real-estate/...hine-low-taxes

Hehe... good luck.
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Old 02-11-2019, 12:28 PM
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Then they vote Dem when they get here and you know what that will bring in the future.....higher taxes. Then where do you go?
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Old 02-11-2019, 12:42 PM
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I got news for you, we've been shopping in Fl, planning out retirement, lots of properties have higher taxes then what we pay here in NJ. No doubt there are still many/most of Fl is not that way, but it's not cheap if you want o live where there is any kind of population.

Hell taxes in Boca Raton area on the east coast and North Venice on the west outpace me in NJ by a few K per house.

North Venice on the west coast, home 500-600K = 10K in property taxes.
My home in NJ, reported value 575k, $6200 property taxes.

Last edited by YFMF; 02-11-2019 at 01:02 PM.
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Old 02-11-2019, 12:47 PM
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Fffuucckk
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Old 02-11-2019, 01:11 PM
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Originally Posted by YFMF View Post
I got news for you, we've been shopping in Fl, planning out retirement, lots of properties have higher taxes then what we pay here in NJ. No doubt there are still many/most of Fl is not that way, but it's not cheap if you want o live where there is any kind of population.

Hell taxes in Boca Raton area on the east coast and North Venice on the west outpace me in NJ by a few K per house.

North Venice on the west coast, home 500-600K = 10K in property taxes.
My home in NJ, reported value 575k, $6200 property taxes.
Don't tell any of your neighbors but we don't have a state income tax down here. Since the Trump tax changes the federal deduction for property, state and local taxes is capped at $10k, this is what is driving people south.
Oh and the 300 plus days of sunshine
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Old 02-11-2019, 01:14 PM
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Oh what a relief it is, here in Ct. I hardly have to wait at a stop sign anymore. The slip next to me at the marina has been empty for two years. I can just drift In nearly sideways..I’m encouraging everyone I know to move south. I have 3 acres in the country, nice neighbors, cool summer nights, 10 minutes to the marina. And my taxes are very doable. I’ll stay thank you very much..
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Old 02-11-2019, 01:27 PM
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Originally Posted by YFMF View Post
I got news for you, we've been shopping in Fl, planning out retirement, lots of properties have higher taxes then what we pay here in NJ. No doubt there are still many/most of Fl is not that way, but it's not cheap if you want o live where there is any kind of population.

Hell taxes in Boca Raton area on the east coast and North Venice on the west outpace me in NJ by a few K per house.

North Venice on the west coast, home 500-600K = 10K in property taxes.
My home in NJ, reported value 575k, $6200 property taxes.
where the hell in NJ do you live for a $575K house with $6200 taxes? Are you south of Waretown or Barnegat?

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Old 02-11-2019, 01:30 PM
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Originally Posted by YFMF View Post
I got news for you, we've been shopping in Fl, planning out retirement, lots of properties have higher taxes then what we pay here in NJ. No doubt there are still many/most of Fl is not that way, but it's not cheap if you want o live where there is any kind of population.

Hell taxes in Boca Raton area on the east coast and North Venice on the west outpace me in NJ by a few K per house.

North Venice on the west coast, home 500-600K = 10K in property taxes.
My home in NJ, reported value 575k, $6200 property taxes.
$6200?? I think you're gonna have trouble finding something similar cheaper anywhere if you're basing it on $6200. I don't even think the 10K in FL sounds bad at all, but $6200....unheard out this way. If I was you I'd retire right where I was.
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Old 02-11-2019, 01:39 PM
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Originally Posted by signmansez View Post
Don't tell any of your neighbors but we don't have a state income tax down here. Since the Trump tax changes the federal deduction for property, state and local taxes is capped at $10k, this is what is driving people south.
Oh and the 300 plus days of sunshine
Do you really think that is what is driving people south, after all, old people have been moving south for warmer weather for some time. If there is any real uptick it's likely due to the baby boomers hitting full retirement.
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Old 02-11-2019, 01:45 PM
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https://www.breitbart.com/politics/2...with-rain-tax/

heres one for ya. I posted it in the bilge.
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Old 02-11-2019, 01:46 PM
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Originally Posted by RyanL11 View Post
Do you really think that is what is driving people south, after all, old people have been moving south for warmer weather for some time. If there is any real uptick it's likely due to the baby boomers hitting full retirement.
Read the article in the OP's opening post. That's the gist of it.

And yes I believe the cost of living in Florida as well as the climate has a huge impact on people moving here. The area I live in is filling up with people from all over the country, just for these reasons.

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Old 02-11-2019, 01:58 PM
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Originally Posted by signmansez View Post
Don't tell any of your neighbors but we don't have a state income tax down here. Since the Trump tax changes the federal deduction for property, state and local taxes is capped at $10k, this is what is driving people south.
Oh and the 300 plus days of sunshine
There have been any number of threads where I've said, quality of life seems so much better, the areas we are focused on (Lakewood ranch area) have taxes at or just below what we now pay, we refuse to pay more then we do. I think we pay about 1K in state income taxes but am not sure of that.
Originally Posted by Rags View Post
where the hell in NJ do you live for a $575K house with $6200 taxes? Are you south of Waretown or Barnegat?
There was a thread a year or two back, something like list your property tax amount and value of your home plus location. If I can find it I'll post the link. I'm in Secaucus, great little town in Hudson Co. Pop. 17K, 15 min from NYC.
Originally Posted by Southbay View Post
$6200?? I think you're gonna have trouble finding something similar cheaper anywhere if you're basing it on $6200. I don't even think the 10K in FL sounds bad at all, but $6200....unheard out this way. If I was you I'd retire right where I was.
Lakewood ranch and areas around it are around 5K in taxes for the same priced home. It is making it hard to leave NJ. But warm weather is a major plus.

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Old 02-11-2019, 02:03 PM
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List your property taxes and value of your home
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Old 02-11-2019, 02:08 PM
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If property taxes were the only negative to living in NJ, I don't think there would be such a huge exodus.
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Old 02-11-2019, 02:28 PM
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NJ resident here. I personally love my state for everything save 3 things:

1) Property taxes/COL
2) Gun laws
3) Politicians

Having said that, this state is in for it. I run a financial firm here in the state. Over the last 4 years we've seen over half a billion of net worth leave NJ. They are still our clients but moved their residence out. 90% went to FL, 10% TX. Politicians here just don't get it. The guy we have running our state now is a moron. Ultra liberal ex Goldman Sachs democrat. Even the head of our state senate who is a tried and true 80's blue collar dem thinks the governor is a lunatic. The governor came out with a "millionaire tax proposal" and the senate leader basically told him it would bury the state.

Things will get worse here before it gets better. Recently I drove through a super rich area of NJ. Absolutely picturesque. All $1mm+ homes. Every other one on the road was for sale. Until the leaders here figure it out, guys like me who work hard to pay my mortgage and taxes will suffer. Having said that, people like myself didn't get to where we are by standing by. We always figure it out.

A lot of people blame the SALT limitations. It's not the federal governments fault. Why should the rest of the USA subsidize our idiot politicians? It's the people of the state's fault. You elect these idiots, now you understand the consequences.

One thing I will say about my state is the majority of people only know the "bad" of NJ. There are a lot of beautiful areas.
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Old 02-11-2019, 02:33 PM
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Originally Posted by Rags View Post
where the hell in NJ do you live for a $575K house with $6200 taxes? Are you south of Waretown or Barnegat?
There are areas where you can still find reasonable homes. One thing you have to realize is south NJ has the highest taxes per percentage of assessed value. It's just that the homes are assessed way lower. For example, Woodlynn Twp in Camden county has a 7% tax rate. However, the average tax bill is like $5k.

My house is close to $400k and I pay $8k a year in taxes. Still too much in my opinion but I'm grateful all things considered. My house, one county over, would be $11k.
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Old 02-11-2019, 02:41 PM
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Originally Posted by HookMeUpII View Post
NJ resident here. I personally love my state for everything save 3 things:

1) Property taxes/COL
2) Gun laws
3) Politicians

Having said that, this state is in for it. I run a financial firm here in the state. Over the last 4 years we've seen over half a billion of net worth leave NJ. They are still our clients but moved their residence out. 90% went to FL, 10% TX. Politicians here just don't get it. The guy we have running our state now is a moron. Ultra liberal ex Goldman Sachs democrat. Even the head of our state senate who is a tried and true 80's blue collar dem thinks the governor is a lunatic. The governor came out with a "millionaire tax proposal" and the senate leader basically told him it would bury the state.

Things will get worse here before it gets better. Recently I drove through a super rich area of NJ. Absolutely picturesque. All $1mm+ homes. Every other one on the road was for sale. Until the leaders here figure it out, guys like me who work hard to pay my mortgage and taxes will suffer. Having said that, people like myself didn't get to where we are by standing by. We always figure it out.

A lot of people blame the SALT limitations. It's not the federal governments fault. Why should the rest of the USA subsidize our idiot politicians? It's the people of the state's fault. You elect these idiots, now you understand the consequences.

One thing I will say about my state is the majority of people only know the "bad" of NJ. There are a lot of beautiful areas.
I can agree that NJ has some nice places to visit. But I couldn't imagine living there again after moving out... and I had it pretty good in NJ. The best way I can explain it is that we were going to keep a home on a barrier island in a pretty nice shore community. On the water, open views of the Barnegat Bay. Then we spent a two weeks in the Keys and the Bahamas. Haven't been back since -- and likely never will by the time it is sold. It's like being thirsty and getting the choice between crappy beer and good beer.... Crappy beer will be "ok" -- but good beer is better. LOL.

The worse part is that you have to sit there and watch values, etc. fall apart while the union teachers and cops clean your clock. Why?
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Old 02-11-2019, 02:55 PM
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Is it true that they are looking at charging NJ residents a "rain tax "? Wow
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Old 02-11-2019, 03:02 PM
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Originally Posted by SeaNile Boater View Post
Is it true that they are looking at charging NJ residents a "rain tax "? Wow
Only thing left to tax is your parking lot or driveway!

Here's a thought...how about finding creative ways to cut costs???

I was born in Jersey and have family still living there. I agree out west there is seom beautiful rural areas. Unfrotunately none of my family lives there. Thus if we visit we have to visit in Secaucus, East Rutherford or Tom's River (not too bad).

Get a kick out of people defending NJ. My family all does it...until they come visit us at the beach in Florida. Then they are wondering how they can get out!
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Old 02-11-2019, 03:09 PM
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Originally Posted by signmansez View Post
Read the article in the OP's opening post. That's the gist of it.

And yes I believe the cost of living in Florida as well as the climate has a huge impact on people moving here. The area I live in is filling up with people from all over the country, just for these reasons.
When both my grandparents retired they kept a home in Michigan and one in Florida, due to no state income tax they declared Florida their home state. They spent equal time between the two homes and weather was the prime reason they did it, declaring Florida as their home state was was a nice benefit.

This is what I see from most that "move" to Florida.
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