In the Region | New Jersey: The Hottest Topic in Home Sales

In New Jersey, property tax rates vary widely. For instance, annual taxes on a four-bedroom house in Summit, on a third of an acre, above, are $12,685, while taxes on a four-bedroom home in Blairstown that sits on 6.6 acres are less than half that amount.Brokers and sales agents report that tax rates are often the first thing on anyone’s lips when a home sale is discussed in New Jersey.

Tags: Housing and Real Estate, New Jersey, Property Taxes, Taxation

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