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ghfromaltonbay · 12-14-2004, 11:14 AM

Don't believe it if you think these new taxes will be the answer. Here in NJ we have an income tax, 6% sales tax and were told that the gambling in Atlantic City would answer all our problems in subsidizing education and prescriptions for the elderly. Baloney!! My property taxes on a small 3 bedroom cape (1500 sq. ft) on a 47x100 foot lot have gone from $2400 per year (1990) to $5200 this year. The assessed value of my house is approx. $145,000 although in this crazy market I could probably get closer to $300K for it. I can't imagine what's going to happen if they do a reassessment which I don't believe is far off. They want to build 2 new schools in this city and I cringe at what that will do to our taxes. Adding new taxes won't help so don't believe that a sales or income tax will be the answer.

12-14-2004, 11:14 AM	#45
ghfromaltonbay Senior Member Join Date: Mar 2004 Location: Clifton, NJ, Alton Bay Posts: 827 Thanks: 255 Thanked 225 Times in 131 Posts	Don't believe income & sales taxes are the answer Don't believe it if you think these new taxes will be the answer. Here in NJ we have an income tax, 6% sales tax and were told that the gambling in Atlantic City would answer all our problems in subsidizing education and prescriptions for the elderly. Baloney!! My property taxes on a small 3 bedroom cape (1500 sq. ft) on a 47x100 foot lot have gone from $2400 per year (1990) to $5200 this year. The assessed value of my house is approx. $145,000 although in this crazy market I could probably get closer to $300K for it. I can't imagine what's going to happen if they do a reassessment which I don't believe is far off. They want to build 2 new schools in this city and I cringe at what that will do to our taxes. Adding new taxes won't help so don't believe that a sales or income tax will be the answer.