Property taxes
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3/12/2008
Property taxes are high in the state, and especially in a few townships. For example, my study suggested West windsor/Plainsboro/Franklin twnshps to be amongst the highest. South Brunswick is around 2.99%based upon appraised property assessment by the township. The homes have exchanged hands quite significantly, and hence it has also caused the absolute taxes to go up. My taxes on a older home has increased to almost 100% in 11 years in the same home with no alteration to the floor plan. Gas has gone 4x, and food has gone 2x in the same 11-12 yrs. NJ was cheaper to live, but with proximity to NY city, and other national factors like utilities, toll, and medical expenses gone up, think again before making it a retirement place to settle in NJ.
Rakesh | Kendall Park, NJ