Two weeks ago when I came home from school, I received a letter in my mail box from the township of Old Bridge,New Jersey  stating  that my property taxes will be going up in a few months. This property tax increase is making many residents who live here very angry.However I discovered it is not only happening in my neighborhood but in the whole state of New Jersey. This situation is forcing many residents who have been living here for so long to move out. Property  taxes in this neighborhood is made up of educational taxes and it goes from 55 to 80 percent of the total property tax.  As we know, most of the property taxes are to  fund education and many of the elderly and younger couples are objecting to this idea ,because they do not have  any children who are  attending public schools. http://www.gmnews.com Â
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A family friend of mine moved to NJ around October. She did mention that NJ residents pay an obscene amount of money for property taxes. She had to leave her relatively new job to take another one that paid her more to keep up. She is single, a first time homeowner and doesn’t have any children.
I think that property value is going up everywhere. It just means propety value id going up and when the home you sold you’ll be making a profit.