Recent comments in /f/newjersey

Dirtycoinpurse t1_jdp84l0 wrote

I’ve lived in the state my whole life and it’s definitely disheartening being young and wanting to buy a home in the state. I’m a new teacher and will struggle to live in the community I teach in. Most other young teachers I know all live with their parents still or are renting. I feel ya pal

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falcon0159 t1_jdp7jyj wrote

Oh, I'm not the OP that you were initially responding to, I just read the thread and thought it was an interesting, but also a complicated and inherently flawed idea in many aspects and decided to comment on some ideas

I can come up with a ton of additional rules of the top of my head, but you're right in that I'm not a tax "expert" in that I'm not a CPA, but I am personally very knowledgeable about tax and work in a related field. (Obviously I have no idea about OP and what their knowledge on the subject is. Your assumption is generally a very safe one as most redditors don't know much about tax, or even personal finance let alone corporate or institutional finance.

I am not sure what OP's intentions were with this tax idea, but I believe the purpose is to fairly tax each individual property based on it's value on a state wide level, rather than doing it by municipality. This would lead to a much more accurate valuation and tax base, as we wouldn't be relying on town's to do reassessments. We could then set a state wide property tax rate based on revenue needed and adjust it annually based on the total property valuations rather than having each town have it's own semi-arbitrary tax rate. This would lead to people in town's like Alpine and Paramus have a increase in tax as they have very low taxes ($ wise) in relation to property values and other towns like West Orange seeing lower taxes as they have the opposite problem.

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ShalomRPh t1_jdp58yg wrote

Makes sense, there was one on 59 in Monsey NY that shared the same physical structure as a humongous Pathmark. Now it’s a kosher supermarket (Evergreen), Amazing Savings, and a bunch of smaller stores.

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FantasticMrCuss t1_jdp555f wrote

Very cool, I was young when I saw the insane asylum, it had been long abandoned, we’d make our mom drive past it, lol. My sister and her friends snuck in once and found documents about patients, crazy stuff just left behind.

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TheOriginal_858-3403 t1_jdp2l7s wrote

Before that it was the "Middlesex County Tuberculosis Sanatorium" or something like that. I remember there was an office in the original building that had a large vault door in it that had that painted above it. The vault was so large that they made it into someone's office. This was in the mid 90's.

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