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Updated over 8 years ago on .

User Stats

80
Posts
11
Votes
Joe Capobianco
  • Old Bridge, NJ
11
Votes |
80
Posts

Township property tax revaluation

Joe Capobianco
  • Old Bridge, NJ
Posted
The town I currently live in is having a property tax revaluation within the next 3 years. A neighboring town I was looking to by a duplex in had this done this year before I offered a price on the house and the revaluation was the exact reason I didn't put an offer on the house. Was I wrong for getting away from the duplex since I didn't know the new property taxes? At the time I didn't think, "if the taxes rise so do rents". All I thought was if the taxes rise then people go somewhere else. Tell me if I'm wrong which I'm sure I am. I see locals worried about the tax rise and having to move out of town now. Would this be a good opportunity to find motivated sellers? Or due to the tax hikes should I also look elsewhere for a deal in a cheaper town? I assume that if the taxes rise for some then it might motivate more people to jump to renting as well? I'm stuck in the analysis paralysis phase and I need some advice to get this real estate train moving. Thanks in advance
  • Joe Capobianco