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 Essex County Real Estate Tax vs School Performance Mashup
If you’re moving to Essex County for the first time and wondering which city 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 Essex County, knowing each city’s property tax rate versus local school performance can be the deciding factor in your decision. It may come as a surprise to know that the city with the highest property tax does not have the high school with the highest SAT score.
- Millburn – Tax: $4,026 SAT: 1868
- North Caldwell – Tax: $4,195 SAT: 1617
- Livingston – Tax: $4,700 SAT: 1714
- Cedar Grove – Tax: $3,927 SAT: 1487
- Caldwell Boro – Tax: $5099 SAT: 1628
Above Average
*Please see the formula used below to calculate the tax amount.
What Our Research Shows
In Millburn, you get the most for your money as far as low property taxes and the highest SAT score at Millburn Senior High School. In Orange City, you might pay over $3200 more in property taxes compared to residents of Millburn and the local high school, Orange High, scored 775 points lower on their SAT scores. Although SAT scores are only one element in evaluating a high school’s performance, it’s important to consider the SAT scores a high school is producing since it is still used as a considering factor in college admissions.
2010 Essex 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:
- Belleville Town -11.3%
- Bloomfield TWP -18.6%
- Caldwell-West Caldwell -100.0%
- Cedar Grove TWP -95.1%
- City of Orange TWP -05.1%
- East Orange -05.1%
- Essex Co Voc-Tech -09.5%
- Essex Fells Boro -100.0%
- Fairfield TWP -97.6%
- Glen Ridge Boro -100.0%
- Irvington TWP -05.8%
- Livingston TWP -100.0%
- Milburn TWP -100.0%
- Montclair Town -60.7%
- Newark City -05.4%
- North Caldwell Boro -100.0%
- Nutley Town -34.1%
- Roseland Boro -85.6%
- South Orange-Maplewood -80.9%
- Verona Boro -95.1%
- West Essex Regional -89.4%
- West Orange Town -63.6%
District Change in Aid
(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…but 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 search for available properties in these cities, please visit our Essex County Property Search page.
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.
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.
The Union County Real Estate Tax vs School Performance Mashup
If you’re moving to Union County for the first time and wondering which city is right for you, there is more to consider besides home values especially if you have a family and need to choose a school. After you explore the local resources, culture and transportation options available in the different areas of Union County, knowing each city’s property tax rate versus local school performance can be the deciding factor in your decision. 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.
- Summit – Tax: $3699 SAT: 1735
- Berkeley Heights – Tax: $4247 SAT: 1717
- Westfield – Tax: $4302 SAT: 1740
- New Providence – Tax: $4866 SAT: 1757
- Cranford – Tax: $4730 SAT: 1599
Above Average
(see below for the formula we used to calculate the tax amount)
What Our Research Shows
As you can see from the graph above, the results are quite surprising. The towns with the lowest property tax have public high schools with the highest SAT scores such as Summit, Berkeley Heights and Westfield. On the other side of the spectrum, Roselle Boro has the highest property tax estimated at $7,722 with the local high school, Abraham Clark High, having one of the lowest SAT scores at 1172. Hillside also came in upside down with an approximate property tax of $6890 and a SAT score from Hillside High of 1202.
2010 Union 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
- Berkeley Heights TWP -100.0%
- Clark TWP -100.0%
- Cranford TWP -77.5%
- Elizabeth City -04.2%
- Garwood Boro -64.1%
- Hillside TWP -10.8%
- Kenilworth Boro -26.3%
- Linden City -17.6%
- Mountainside Boro -92.6%
- New Providence Boro -100.0%
- Plainfield City -04.6%
- Rayway City -12.3%
- Roselle Boro -10.4%
- Roselle Park Boro -13.2%
- Scotch Plains-Fanwood Reg -84.4%
- Springfield TWP -100.0%
- Summit City -100.0%
- Union County Voc -16.6%
- Union TWP -18.7%
- Westfield Town -90.4%
- Winfield TWP -09.4%
(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 search for available properties in these cities, please visit our Union County Property Search page.
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.
The Morris County Real Estate Tax vs School Performance Mashup
If you’re moving to Morris County for the first time and wondering which city 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 Morris County, knowing each city’s property tax rate versus local school performance can be the deciding factor in which neighborhood is right for you. 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.
- East Hanover – Tax: $3002 SAT: 1632
- Chatham TWP – Tax: $3565 SAT: 1763
- Madison – Tax: $3,653 SAT: 1730
- Morris – Tax: $3613 SAT: 1617
- Montville – Tax: $4181 SAT: 1683
Above Average
*Please see the formula used below to calculate the tax amount.
What Our Research Shows
Again, as we’ve seen with Union and Essex counties, the town with the highest property taxes such as Mount Olive ($5792) has one of the lowest SAT scores at 1574 from the local high school (Mount Olive High). The highest SAT score in the county comes from The Academy for Math, Science and Engineering in Rockaway with a score of 2077 and an average estimated property tax of $4752.
2010 Morris 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:
- Boonton Town -70.9%
- Boonton TWP -81.7%
- Butler Boro -39.8%
- Chester TWP -70.1%
- Denville TWP -74.8%
- Dover Town -08.6%
- East Hanover TWP -84.3%
- Florham Park Boro -94.3%
- Hanover Park Regional -100.0%
- Hanover TWP -83.6%
- Harding TWP -100.0%
- Jefferson TWP -15.9%
- Kinnelon Boro -74.3%
- Lincoln Park Boro -46.7%
- Long Hill TWP -74.3%
- Madison Boro -100%
- Mendham Boro -100%
- Mendham TWP -99.7%
- Mine Hill TWP -16.5%
- Montville TWP -99.0%
- Morris County Voc -51.4%
- Morris Hills Regional -39.2%
- Morris Plains Boro -80.2%
- Morris School District -56.4%
- Mount Arlington Boro -64.0%
- Mount Olive TWP -22.3%
- Mountain Lakes Boro -100%
- Netcong Boro -18%
- Parsippany-Troy Hills TWP -85.4%
- Pequannock TWP -60.7%
- Randolph TWP -26.1%
- Riverdale Boro -83.2%
- Rockaway Boro -58.1%
- Rockaway TWP -62.5%
- Roxbury TWP -22.4%
- Sch Dist of the Chathams -86.3%
- Washington TWP -23.2%
- West Morris Regional -42.2
- Wharton Boro -9.0%
District Change in Aid
(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 search for available properties in these cities, please visit our Morris County Property Search page.
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.
Sean Shallis and The Shallis Group #1 of 19,000 Weichert sales associates in the Nation!
Feel confident and reduce your stress with a Realtor that sells more, will sell your home faster and is #1 in the region. Please call Sean Shallis directly at 201-427-1032 for a personal consultation.
First Time Home Buyer Tax Credit: Extension gets approval from Obama
The first time home buyer tax credit, which expires November 30, gets an approval from the Obama administration for an extension and expansion.
The $8000 tax credit given to qualifying new home buyers has undoubtedly given the real estate market a bolster in the right direction. What happens once the tax credit is gone is up for great debate. Fortunately, and with a sigh of relief, it looks as though the real estate market will get a reprieve from the upcoming deadline with an extension endorsed by the Obama administration.
The tentative agreement reached in the Senate would not only extend the current tax credit, it would also expand to include current homeowners wanting to move. The credit being discussed for current homeowners who move could come to $6500 provided they purchase their home before the new deadline, which could come in April. Reportedly, in order for current homeowners to qualify for the new tax credit, they must have resided in their current home for five years.
So when will the speculation be over?
Any of the several purposed tax credits have still yet to hit the floor of Congress for a vote. Although, with the endorsement from the Obama administration, pressure is certainly being applied to get this done quickly.
Is all the fuss about the tax credit worthwhile?
This is a great question with numerous answers depending your personal situation. For example, for the first time buyer with a individual income of $75,000 or less annually or a combined income of $150K or less for married couples, it’s an additional 8K in their pocket!
In contrast, for the buyer who has owned in the past 3 years and/or earns more than the maximum income guidelines, extending the credit will have very little ‘direct impact’ to their personal situation. Even with the possible expansion for repeat buyers, they must have owned the residence they are selling for five consecutive years. With regards to the sellers, the answer becomes more complicated. If your considering selling your home in the near future I would suggest calling me immediately at 201-427-1032 for a personal and confidential conversation in regard to the impact of the credit.
With interest rates still at an all time low and the tax credit incentive still available, this is the time to take advantage of the real estate market. There are plenty of Hoboken and Jersey City properties available to meet your needs.
In this real estate market finding experienced real estate help is essential. Please contact Sean T Shallis at The Shallis Group for a personal consultation on your buying or selling needs at 201-427-1032.
(additional source: cnn.com)
New Jersey Boasts the Most Expensive Zip Code
Move over Beverly Hills. Manhattan…forget about it! The most expensive zip code in the U.S. is home to none other than New Jersey. According to Forbes list of 100 priciest zip codes for 2009, zip code 07620 is the most expensive zip code in the country. The average home is estimated at over $4.1 million making this a hot spot for plenty of celebrities.
However, just as the rest of the country has been hit by the downturn in the real estate market, this Bergen county community has also seen its fair share of foreclosures and falling home prices. On average, home prices have dropped almost 25% from last year’s already low numbers.
Northern California comes in second in Atherton, zip code 94027, with an average home value of $3.85. Coming in with the third highest home value is New York’s West Village neighborhood, zip code 10014, with an average asking price of $3.5 million. Other New Jersey neighborhoods making it to the top 100 list also include New Vernon coming in at number 57, Far Hills at number 84 followed by Saddle River coming in at number 85.
Finding an experienced professional real estate team that knows the New Jersey market is essential. Please contact Sean T Shallis at The Shallis Group for a personal consultation on your buying or selling needs at 201-427-1032.
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