Hoboken Property Taxes – Why They Matter
Categories: For Buyers, For Sellers, Neighborhoods
Here Are 5 Good Reasons You Should Care About Hoboken Real Estate Taxes
By Lori Turoff
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- If you are a property owner in Hoboken, increased taxes make living in Hoboken more expensive and make it harder to sell your property.
- If you are thinking of buying real estate in Hoboken, increased taxes make the property more expensive so you can afford less in Hoboken.
- If you rent, your landlord may be able to pass a portion of the tax increase on to you and increase your Hoboken rent.
- If you live in Hoboken and your property taxes increase, the services you receive from the city should also increase. Otherwise, you are not getting your money’s worth.
- If Hoboken is perceived as having exorbitantly high taxes, fewer people may choose to live here, which will hurt the local Hoboken economy.
So no matter your particular situation, chances are a drastic increase in property taxes may have a negative affect.
Two Important Things You Can Do To Protect Your Interests
- Attend the Hoboken Tax Rally at City Hall at 6pm tomorrow night (12/17).
- Vote.
For the last mayoral and city council election days I volunteered to work on election day to “get out the vote”. I was quite surprised at the reaction I got from many, many people. They said “I rent so I don’t care”, or “I’m not registered here”, or “I don’t have time”, or “I don’t know anything about local politics”, or “I don’t care about local politics”. As the prior paragraph illustrates, whether you rent or own in Hoboken, you have a vested interest in living in a fiscally and otherwise well-managed city. Apathy will come back to bite you in the butt. Even if you think you will live in Hoboken only for a “short while” (which usually ends up being longer than you planned) it is in your own interest to pay attention to what is going on at City Hall and to get involved.
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