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June 2008 – Week 2 Issue
Rentals reign in Jersey shore
High property taxes cause uproar in New Jersey
Blue law debates in Bergen County
Teaneck celebrates Unity day
Wells in Bergen County to be retested
With the economy still in a slump, beach rentals continue to be available in New Jersey. This comes at a time, when the official Jersey shore season has begun. People who own rentals in the shore region report that given the hike in gas prices and a slow economy, many of them have had to cut down rents by up to $500. Many add that despite the attractive cuts and options they are offering on their rental properties, many are still vacant without any takers. A rise in rental properties is another issue to blame in the cause. With home buyers not investing in purchasing properties, many home sellers have begun to put their properties on rent. This ensures that they get a steady income on their property, which also gets maintained. Sellers say that they are biding their time till the housing market improves.
High property taxes cause uproar in New Jersey
New Jersey is well known for its high property taxes and statistics reveal that these taxes have risen by 30% over the past five years. In times when the prices of homes have gone down, many home owners state that they have to pay too much money in the form of property taxes. The State Department of Treasury also revealed that the average assessed price of homes in New Jersey has risen by 50% from years 2003 to 2007. In this regard, reassessment of properties is being planned across the state. Even in many parts of Bergen County, new assessments reveal home prices that are much higher than before. As per revaluations in Bergen County, average property assessment for residential properties has risen from $473,770 in 2007 to $802,127 in 2008. Experts state that full revaluations of property will be done based on many factors like age, style, size, location etc. This revaluation may thus reflect the declining home prices in the currentBergen County housing market.
Blue law debates in Bergen County
As per a new bill released in Bergen County, certain businesses will now be allowed to open on select Sundays. These select holidays include street fairs, occasions on which stores can remain open. While the bill has been heralded as a good move by some, many are now debating the value of keeping blue laws in Bergen County. Enforcement of these laws has not been strict through the county. While many residents and shopkeepers strongly believe that they do not want customers on Sundays, there is also a segment that believes otherwise. While the new bill has the support of the senator it is currently not on the high priority list. It is important to note here that unlike other counties, the blue laws have been a vital part of Bergen County since the 1950s. These laws can be opted to be followed and only Bergen County follows them. As per these laws, shops in the region are closed on Sundays. The law does not allow for the sale of clothes, furniture and other such items on these days. However, food, medicines and gasoline can be purchased.
Teaneck is all set to celebrate Unity day on 22nd June, 2008. On this event, residents of Teaneck will experience a day of fun filled family activities. They will also meet friends and neighbors, shop at the bazaar and enjoy ethnic cuisine. They can also participate in games and entertainment activities, workshops and many other events. This Unity day is being conducted by a group of volunteers from Teaneck along with the support of local organizations and the Teaneck Township. The event would be conducted at the Richard Rodda center and Votee Park from noon to 8pm. The event will also bring out an in-depth Teaneck community guide, free of charge. Those interested in booking vendor space at the bazaar can do so for $50. Non profit organizations can however participate free of charge at the Community Resource Fair.
Wells in Bergen County to be retested
Approximately 100 home owners from North jersey are now being requested to get their wells retested for contaminants. This came up after it was revealed that a private laboratory provided false results. Thus residents who used the services of Accurate Analytical labs will now need to go for fresh tests. Tests would need to be conducted for checking bacteria and nitrate, as these are the two leading causes for sickness in people. Among the various regions, approximately 30 to 40 homes belong to people in Bergen County. The tests were ordered when the Department of Environmental Protection noticed discrepancies in the reports of Accurate Analytical labs six months ago.
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