I was wrong. But I am happy.
In October 2010, I wrote that property taxes could go up starting in August 2011 despite the Hoboken mayor's promise to cut 5% taxes. The results are in.
For Aug (3Q11) and Nov (4Q11), my taxes are down 5% compared to what I paid in May (2Q11).
However, for Feb (1Q12) and May (2Q12), they are 3% higher than the 3Q11/4Q11 amount, but still 2.5% lower year over year (compared to 2Q11).
The 25% promise of tax cuts might not happen, and the property taxes would probably still go up medium to long term, but short term, I am a happy homeowner. It is one ray of joy on a dark day for the U.S. markets.
In October 2010, I wrote that property taxes could go up starting in August 2011 despite the Hoboken mayor's promise to cut 5% taxes. The results are in.
For Aug (3Q11) and Nov (4Q11), my taxes are down 5% compared to what I paid in May (2Q11).
However, for Feb (1Q12) and May (2Q12), they are 3% higher than the 3Q11/4Q11 amount, but still 2.5% lower year over year (compared to 2Q11).
The 25% promise of tax cuts might not happen, and the property taxes would probably still go up medium to long term, but short term, I am a happy homeowner. It is one ray of joy on a dark day for the U.S. markets.
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