But even if large buildings have exemptions, landlords who do not would still affect the market by passing their property taxes increases to rent. Collectively owing a property in Jersey City became more expensive regardless if some had or had not exemptions.
I live in my property in JC (32% tax increase btw), but if I was renting it out, I would surely pass these costs to my tenant. The aggregate effect of people doing the same would without a question put pressure on rent, even of tax abated properties
BillyCrocker72 t1_je1advg wrote
Reply to comment by thebruns in Tenants Fight Back As Rents Soar In Jersey City And Hoboken by mad_dog_94
But even if large buildings have exemptions, landlords who do not would still affect the market by passing their property taxes increases to rent. Collectively owing a property in Jersey City became more expensive regardless if some had or had not exemptions.
I live in my property in JC (32% tax increase btw), but if I was renting it out, I would surely pass these costs to my tenant. The aggregate effect of people doing the same would without a question put pressure on rent, even of tax abated properties