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Updated about 8 years ago on . Most recent reply

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Michael DiDonato
  • Jersey City, NJ
0
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11
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Property Tax Fluctuation Every 2 Quarters?

Michael DiDonato
  • Jersey City, NJ
Posted

Hello All,

As I have been trying to understand property taxes a bit more, I have been confused by the property taxes levied on the building I currently live in. Below is a screenshot of the JC online tax payment system. I was under the impression that Hudson county sets tax rates once annually after municipality budget review. This is why I am confused by the billed property taxes changing every two quarters. I appreciate your insight!

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118
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Christopher Stanis
  • Investor
  • Binghamton, NY
66
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118
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Christopher Stanis
  • Investor
  • Binghamton, NY
Replied

Michael DiDonato , in Pennsylvania and NY states where I invest, taxes come out twice per year. In the spring, we get the city/county taxes, and the school taxes come in the fall.

Looking at your schedule, #1and 2 from 2016 are Probably county/city taxes, and 3 &4 are school taxes. Add 1 and 3 together, that's your total tax bill for the year.

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