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Archive for October 23rd, 2010

What is wrong with property taxes? Plenty

23 Oct

In Fort Lee, New Jersey–a municipality with one of the greatest concentrations of co-ops and condominiums in the state–a co-op wants to convert its building to a condominium in order to boost property values and remove restrictions on shareholders.  The co-op board wants the town to phase in the higher assessments over 20 years to avoid an immediate spike in property taxes.

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Posted in Education, Local government, New Jersey, Property taxes