Successful_Pen_2387 t1_it2ghwh wrote on October 20, 2022 at 1:35 PM

Reply to comment by pixel_of_moral_decay in Jersey City property owners can brace for more pain in fourth-quarter tax bill by OkAbbreviations4982

I think that used to be true but downtown hasnt really gone up in value the last 5+ years where everywhere else has gone up a lot. Next reval will see a big rebalance in taxes again.

encin t1_it2qi2l wrote on October 20, 2022 at 2:45 PM

Yeah the heights is really under assessed right now, they will see the biggest increase if we have another reval.

bodhipooh t1_it2xq2m wrote on October 20, 2022 at 3:32 PM

ha ha ha! Another reval? You think we waited 30 years for one but somehow the local admin will push (or, allow) another one already? Keep dreaming. The next reval is ~10 years out, at the earliest.

OkAbbreviations4982 OP t1_it3a4ku wrote on October 20, 2022 at 4:52 PM

Fulop wanted another reval almost immediately, likely to help out his buddies at Dixon.

"Fulop, in his state of the city address this week, said he plans to put a measure before the council in upcoming weeks to pave the way for a second reval in 2019, one that would readjust assessments after an expected dive in home values from the current reval."

https://www.nj.com/hudson/2018/02/downtown_residents_protest_jersey_city_tax_reval_t.html

bodhipooh t1_it3mhmi wrote on October 20, 2022 at 6:11 PM

Dude, he had to come and say that. Dixon is/was a big donor for him. But, in reality, a new reval would do nothing for him, or the administration. DTJC residents are already upset and salty over their adjusted temperature tax bills. Another reval that adjusts values upwards significantly in JSQ, Heights, and/or BL will simply reinforce the narrative that the mayor is only in it for his "rich constituents" in DTJC and create *more* animosity in the electorate in the rest of the city. There is truly nothing to gain from another reval happening anytime soon. He will manage to piss off everyone. It's not like DTJC residents will suddenly turn around and be happy with their elevated tax bills, which will never come back down to the same level as before. There will not be another reval anytime soon, guaranteed.

encin t1_it34keg wrote on October 20, 2022 at 4:16 PM

Yeah

pixel_of_moral_decay t1_it2gqzs wrote on October 20, 2022 at 1:37 PM

Average is still dragged down heavily by BL.

Successful_Pen_2387 t1_it2yfg3 wrote on October 20, 2022 at 3:37 PM

>Average is still dragged down heavily by BL

Bergen Lafayette is one of the areas I thought has had the most gentrification recently.

pixel_of_moral_decay t1_it34uq9 wrote on October 20, 2022 at 4:18 PM

Yea… from worth nothing to worth something. It’s all relative.

JSQ seems to have appreciated the most in recent years with all the speculation.