"Which Areas Have The Lowest Property Tax" Is The Wrong Question

Property value plays a big part in tax rates. I know some states have school tax rolled into the taxes they pay every year. It also makes a difference between condo and homes. Yeah, the headline can be very deceptive.

Very interesting and something we don't really think about.  Did you local tax assessor provide the tax rates for the various towns?

Do people think to ask about effective tax rate? Good tutorial on this subject. 

Maybe the headline writers don't know. You have provided a good explanation of the tax rates and assessed home values for Bergen County residents, or wanna be residents. As far as I know the tax assessor in my county doesn't do it that way, although the assessed value often does not match market value. This would be a good time to find out! Thanks for the post, 

Michael Shetler the town assessment is something that many home owners - specially new buyers - are not aware of. So they fall into the trap of 'lower tax rate'.

Data can be used all sorts of ways, sometimes incorrectly. Thanks for the tax tutorial!

Thank you for the information. Home buyers in NJ will appreciate this information.

Michael, you provided us with valuable information. There are so many things in Real Estate that are important but we are not aware of. Thanks for the help.

Some towns are so so much better run and have income generating assets. Have one local town that has hands down the lowest property taxes and due in part to frugal spending, a woodlot that is harvested selectively and the profit goes into the town coffers. Small Maine towns don't waste money and property taxes are a big question from the many FAQ any buyer of real estate... whether out of town, the country or local poses John and Jane Real Estate Professional.

Now that's resourceful.  Applause for the effort.

Michael Shetler - Great blog post. Luckily real estate appraisers know that the only rate that really matters is the "effective tax rate." The sad thing is that buyers and sellers may not know that and can be easily mislead by news stories like this.

Around here it is not so much the High or the Low of the actual tax, people understand it is based on market value.  But some areas have higher rates and special assessments.  

Taxes are taxes.  I've yet to have a buyer want to look at only areas with low taxes.  It really doesn't seem to be any search criteria I've ever had as buyer's preference. The titles of the articles are attention getter's, that's for sure.

Great resource on the tax rates in your market! Here in Ohio school district taxes are separate from the mulicipalities - two houses can go to the same schools but pay different city taxes which affects the rates.

Michael, I missed this Feature, and great post about the tax base in your area.    Looking for the lowest tax isn't always the best idea!  

Taxes, shmaxes.   WHO really pays them anyway.   Just use a loophole or three.