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Great Towns on New Jersey’s MIDTOWN DIRECT Train Line: Sean Shallis interviewed on WPIX (video)

As promised here is the video of  Sean interviewed this morning on WPIX discussing the criteria parents can use to select where to live in New Jersey.

…and here are those reports that were discussed in the news segment, showing School Budget cuts, and graphs that map Real Estate Taxes vs SAT Scores.

• Union County Real Estate Tax vs School Performance Mashup
• Hudson County Real Estate Tax vs School Performance Mashup
• Morris County Real Estate Tax vs School Performance Mashup
• Essex County Real Estate Tax vs School Performance Mashup

Sean T Shallis Featured on WPIX TV

Sean Shallis will appear on WPIX TV at 8:30am Eastern time on Friday to discuss School Scores and Real Estate choices in New Jersey.

• Union County Real Estate Tax vs School Performance Mashup
• Hudson County Real Estate Tax vs School Performance Mashup
• Morris County Real Estate Tax vs School Performance Mashup
• Essex County Real Estate Tax vs School Performance Mashup

Whether you’re considering buying or selling, we can help. Send me an email or call me immediately at 201-988-1393 for a personal and confidential conversation.

The Hudson County Real Estate Tax vs School Performance Mashup

If you’re moving to Hudson County for the first time and wondering which town is right for you, there is more to consider besides home values especially if you have a family. After you explore the local resources, culture and transportation options available in the different areas of Hudson County, knowing each city’s property tax rate versus local school performance can be the deciding factor in which neighborhood you choose. It may come as a surprise to know that the city with the highest property tax does not always have the high school with the highest SAT score.

Above Average

(see the formula below we used to calculate the tax amount)

• Jersey City – Tax: $4,013 SAT: 1692
• Secaucus – Tax: $4,234 SAT: 1445
• Kearny – Tax: $6,169 SAT: 1382
• Hoboken – Tax: $3,048 SAT: 1160

(click on image to see a larger version)

What Our Research Shows

For Hudson County, Jersey City is the best choice for lower estimated property taxes and a relatively high SAT score at Dr Ronald Mc Nair Academy HS (1692) compared to the rest of the schools in the county. West New York, Bayonne and Kearny come out with the highest property taxes in the county coupled with moderate SAT scores compared to North Bergen, Secaucus and Jersey City.

2010 Hudson County Education Budget Cuts

How is your town going to be affected by the cuts to Education? Take a look below at each town in alphabetical order:

District Change in Aid

• Bayonne City -10.3%
• East Newark Boro -6.9%
• Guttenberg Town -14.1%
• Harrison Town -7.2%
• Hoboken City -12%
• Hudson County Voc -10.8%
• Jersey City -4.9%
• Kearny Town -12.9%
• North Bergen TWP -7.5%
• Secaucus Town -100%
• Union City -4.7%
• Weehawnen TWP -26.9%
• West New York Town -4.1%

(more news on the NJ Education Budget Cuts)

What do you take away from this information?
Obviously there has been a tremendous amount of media coverage, interest, comments as well as concern on this subject… What is your opinion? We’d like to know. Please share your thoughts and comments below. This is your opportunity to be your town’s local spokesperson!

To see available properties in Hoboken, Jersey City, Bayonne, West New York, Port Liberte and Kearny, please click the links to visit our property search pages.

Send me an email or call me immediately at 201-988-1393 for a personal and confidential conversation. Whether you’re considering buying or selling, we can help.

Footnotes
1. SAT scores are not the only student performance indicator. For more information, including state test scores (High School Proficiency Assessment results) for each high school, please visit NJ Department of Education.

2. *Calculation used to determine an average tax amount: average assessed home value of $250,000 x general tax rate x ratio. Data from State of NJ Treasury.

3. SAT scores are based on a total score of 600-2400. The SAT test consists of three categories: math, verbal and essay with a possible score of 600 points for each category to give a possible total score of 2400.

4. The high school with the highest total SAT score for each town was used in the graph. In some cases, the highest score is a vocational school.