I wanted the board's thoughts on what is unreasonable for property taxes.
I am looking to buy a new house (new construction) for $1.8 million in Tenafly, NJ. The property tax is about $34,000 a year.
Generally speaking, I can pay the property taxes, but I feel like that is a bit high and I am concerned about it going up over time. Is this too much in property taxes and is that a reason to choose a different place?
Frankly, I don't even know what the property taxes cover, I guess most of it goes to pay for schools, police and pensions, but I don't even know what would cost so much considering that the town doesn't have a pool, fancy parks, high traffic, etc.
Curious what the board's thoughts are considering there is a broad spectrum of fellow NJ residents here.
I am looking to buy a new house (new construction) for $1.8 million in Tenafly, NJ. The property tax is about $34,000 a year.
Generally speaking, I can pay the property taxes, but I feel like that is a bit high and I am concerned about it going up over time. Is this too much in property taxes and is that a reason to choose a different place?
Frankly, I don't even know what the property taxes cover, I guess most of it goes to pay for schools, police and pensions, but I don't even know what would cost so much considering that the town doesn't have a pool, fancy parks, high traffic, etc.
Curious what the board's thoughts are considering there is a broad spectrum of fellow NJ residents here.