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Peter Chan
  • Buffalo
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How do you know the future property taxes on new purchase in JC

Peter Chan
  • Buffalo
Posted Jan 17 2020, 10:43

I’m looking at several properties in Jersey City - more towards the Greenville area but also considering Bayonne as well. I’m wondering how I can figure out what my future property taxes may be?

I’m seeing places in the $350-400K (single family) range and an online tax estimator is saying it could be between $8-9K per year

Is this what I should be expecting a year or two after purchase?

I’ve had this happen once in another state where I bought in a gentrifying area and property taxes have shot up to about $15K this year - the city claims the property is double what it sold for a few years back though there is no chance it would sell for double or even 20% more.

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