Skip to comments.Egg Harbor Township mayor priced out of home by taxes (New Jersey)
Posted on 08/22/2013 2:39:20 AM PDT by lowbridge
Mayor James "Sonny" McCullough has a great house to sell you: his.
"I can't afford the taxes," McCullough explained.
McCullough said he has been taxed out of his home by the local rates and by last year's township-wide revaluation, which caused his property taxes to shoot up nearly 60 percent, to $31,056.
"It's more than what I can afford," McCullough said. "It's kind of disappointing. I thought I would be able to live and die in my home, but it's gotten to the point where it's gotten up so high."
McCullough, 71, has lived in the township's Seaview Harbor section since 1974, when he and his wife, Georgene, moved out of Atlantic City's Chelsea Heights neighborhood. They moved another 500 feet in 1985 when they bought land and built their current home for $360,000.
Last year's reassessment said that home was worth slightly more than $1.1 million.
The McCulloughs are not the only people who have elected to vote with their feet. Real estate sales records show no Seaview Harbor properties traded hands in 2012.
Now? Five are on the market, for the average price of $1.3 million.
(Excerpt) Read more at pressofatlanticcity.com ...
Property taxes are COMMUNISM.
And this is why “property taxes” should be abolished.
No one should lose their home to the government.
Whenever I read stories like this I know there is a bad side to us here in North Florida: they look to where they can move where the taxes are far less but unfortunately they bring with them the values, ideas, and desires for government from “back there”. The other day there was a letter to editor in the local rag wherein some NE transplant was saying he did not underestand the “gun culture” here in the south because it was not that way “back there”.
My answer which has not yet been published was, if you liked it so much “back there”, why are you here?
“Property taxes are COMMUNISM.”
A coworker, a former Vietnamese boat person with a horrendous escape story involving starvation and torture, was just laid off. In a panic, he spent his entire savings to pay off his house so his family would have a guaranteed place to live. He has no cash. I explained that if he couldn’t pay the taxes his house would be sold. Now he’s really panicked. What’s worse, his electronic design skills have mostly been outsourced to India. If he does get another job he’ll have to move. But the point is, if you don’t pay the taxes you don’t own the home. As long as there are taxes you only rent.
Same BS in N C. I moved here from the Midwest, but DON’T want things to change, the local culture is just fine. Unfortunately the area is over run with idiots from NY NJ PENN and OH and the first damn thing out of their mouth is “ that’s not how we do things in X”. Fine GTFO and go back....
Nobody should ever lost their home due to taxes. This is entirely antithetical to what the Founding Fathers envisioned.
I have thought of selling off some stocks to pay off the home in these hard times. But every time I think about it, I recall stories like this.
Absolutely Right , I see you are in Florida , ,, your land can go to a tax sale after only 2 years ,, most states are 5-7 years.. I’ve bought tax deeds in Florida before and intend to buy more ... lots of land will be transferred this way when people become tapped out during the next down-leg of the ongoing Obama depression.
A few years ago I took savings and sold stock to pay off the house. When I was 59 I was laid off work, so I decided it was time to retire.
I was able to retire simply because the house was paid off. Home like mine rent for around $1500 a month, so I figure I earn $1500 a month tax free.
Because of prop 13 my taxes work out to about $100 a month, something I can easily afford.
My advise is and always will be, pay off your house if you can. You can always borrow or sell it if need be.
I was recently furloughed and am waiting to see if I will still have a job in the coming months, so believe me, it is tempting. But we just refinance at 3.24% and so feel like we are getting almost free money here.
Everyone is missing the key point in the story. Some 70% of the tax bill is for school taxes..that’s pretty much the norm in suburban communities in the northeast. The school budget is completely separate from the town budget.
Because whenever he craps in his pants, he just puts on a new pair.
Before the income tax, the US pretty much only did property tax.
The core problem of high tax is high spending. If the spending were reasonable, the taxataion rates would not be tyrannical.
The problem w/the current income tax is that it’s not flat, but property taxes currently are.
Of course, folks could advocate a fed sales tax (VAT) but unforntunately, in today’s tyranny, that would only get added to the portfolio of gov’t income and not result in a reduction of income or property tax.
Per the mayor, he should check to see if he can get a partial exemption for age (he may already have, I don’t know). I think states w/onerous property tax have large credits for retirees.
Or, you can just move. No-income-tax states make up income through property and sales tax. So what you could do is live in a high property tax state w/low or no income tax and when you retire, move to a high income tax, low property tax state.
Since I don’t see the gov’t cutting spending anytime soon, this is pretty much what folks are going to have to do.
Of course, the mayor could just arm himself and say “make me leave” when they come to take his property away.
At least in that case, he will get his wish of living AND dying on his property.
Shun them... call them what they are... do not hire them... do not let your children play with their children... you shall know them by their fruits.
Dumbazz Yankees in Jersey pay $23k/year to educate ignorant chillins in pubic schools and 40% flunk out and 60-80% of graduates are illiterate. This is terminal for the NE. Watch what happens in NYC when it gets its next worthless Mayor!
Time to separate from this scummy Federal Government!
Tell him that guns are for preventing snowbird pestilence
There are a lot of factors to consider. Age being one of them as well as what kind of interest you are getting on your savings and investment.
You have hit on a key issue......school taxes.
Stop and think: You live in a community for 75 years and if you have a child he/she will attend school for only 12 years.
Is it right to pay for their schooling ONLY while you use the services of the school district or should you pay another 63 years to pay for everyone else’s 12 education?
There ought to be a drive for all citizens to pay for the services they use from the community and that includes schooling of YOUR CHILD...NOT EVERYONE ELSE’S.
The school tax is the largest and most wasteful organization in our communities and it has to be tamed down and also only paid for by those who use it and while they use it.
Then, the system will have to adapt and become efficient.
NJ is legend for high property taxes. My uncle at 85 was forced out of his home too, his SS and meager pension did not cover his home costs to such an extent his son was paying most of them for him. He was paying each quarter what I was paying in NE florida each year for homes of equal value. Plus there is an income tax there.
One has to wonder where does all the money go? Each county is responsible for its welfare, not the state. Schools are locally funded too (they generally eat up about 50% of a combined RE Tax Bill). Rood tolls everywhere too. So, aside from keeping Christie in doughnuts, where does the rest go??
“Home like mine rent for around $1500 a month, so I figure I earn $1500 a month tax free.”
Remember when Clinton was toying with the idea of proposing the concept of “imputed income” for those who owned their homes? I did, immediately bought more guns and ammo.
Same thing happened to the mayor in Deltona Florida.
My buddy in Ga said that when he turned 65 I believe and had no kids in school, he has not been assessed the school taxes. Is that correct for Ga. The subject came up when I asked him why he stayin in Ga with an income tax when he could avoid an income tax by moving back to Fl.
I have my 2013 county real estate tax statement in front of me. It came in the mail a few days ago.
69.1% of the amount is school taxes. They helpfully have the percentage on the statement.
Did I mention that my county’s schools are in danger of losing accreditation due to massive incompetence? That would do wonders for property values.
While my bill is a fraction of this guy’s bill, and I probably have a nicer house, the trajectory on the taxes overall hasn’t been good.
It goes into the pockets of the buddys of those in office.
It also goes to outlandish pensions and gov’t benefits.
Most of the money that gov’t spends on social programs (which would otherwise be handled by charities) goes to pay for the gov’t employees running those programs.
Charities try to limit the overhead to 20%, meaning 80% goes to the folks they help. Gov’t is the reverse of that. I think I read a GAO report somewhere indicating govt overhead of welfare type programs was actually over 90%.
Unless my calculations are incorrect, that’s $2.82 per $100 of property value.
And here I was thinking that the $0.70 per $100 I’m paying in Virginia was too high.
We’ve had a significant “Yankee Invasion” in Virginia also.
Schools .......... How many teachers do you know that can not afford to have a winter home/rental in Florida after they retire?
Not many. My next door neighbor and former DC suburb teacher has two homes, one here on Amelia Island and one up in North Carolina, Both are sans Mtg.
Even better, I met a guy who was the vice principal in the town in NJ were my uncle had to leave from as he could not pay the taxes. That guy had a home on Jekyll Island, ga, a summer place in the Pocono Mtns, and his regular home in New Jersey...all on a government salary and pension. He was moaning he “lost” money on his NJ home when prices crumbled but when they come back to where they were, he will sell. Unbelievable.
You don’t really own anything anyway.
The Government allows you to think you do.
You cannot put on a new roof without a permit you cannot build a deck without a permit , you cannot cut down a tree without a permit.
I live in Maryland in what they call a critical area.
The Government graciously allows me to live here as long as I pay.
Funny about the accreditation. My social organization has two exchange students here from south america and europe. Both are not fluent in English but get by. When asked how school was for them here compared to where they are from they both said far easier; their lack of language skills will not daunt them a bit. Allegedly we have one of the better school systems in the state to boot. Can one say third world, here we come?
You cannot drive a car without a license or put it on the road with out a registration. Boat, need license. Job, pay taxes by withholding. Health care, I’ll keep it civil. Speak on phone or use internet, monitored. Commercial fly, pay tax and be searched. Buy wine or beer, pay excise tax. on and on.
Only places with no oversight: voting booth and border entry.
Not so sure about voting booth any more.
Not even sure they are not rigged to elect their own politicians.
I hear you loud and clear. I know a few women (ironically enough) that have never been married, never had kids and are about 60. They have been paying school taxes this entire time and while they are indoctrinated into doing so I view their situation as nothing less than indentured servitude by extension of their homes.
Depending on which town you live in you stop paying the school portion of your property taxes when you turn 62 to 65. In my town it's 65, in Roswell it's 62. I don't know if every county in Georgia does this but most do. It turns into a huge tax break so your friend is correct.
He lives in Marrietta, nearby.
We have the very same problem here in South Carolina. I just tell them “don’t let the door hit you in the ass on your way out!”
No one should lose their home to the government.
Absolutely agree. Property taxes should not reassessed until the property is sold. Any assessment until the property is actually sold is purely speculation. How can they say these houses are worth $1 million + when they aren't selling at that price?
My bet? Government pensions.
Yes I do.
There is not enough money in the world for socialism to work.
Of course that will not stop the Democrats and Republicans from trying, even if it takes the last dollar productive citizens have. I do not believe we will reach that point. The future is not a straight line, a black swan will appear and the world as we know it will change, once again.
I know it will change, I just do not know if it will be a good or bad change.
School taxes today are a rip off...I get tired of people complaining about paying for my medicare and I remind them that at 74 why should I have to pay for their kids education. Usually shuts them up...Have grandkids that have graduated college and I am paying for someone else’s schooling...when my kids were in school, the taxes were no where near the cost they are now and schools are always pushing for more taxes...greedy gus runs the education and they only work less than 200 days a year...
I have to pay, though, and the only time any of my children has been inside a public school is to take the SAT.