General Category > Hackensack Discussion
Property Taxes
Victor E Sasson:
HACKENSACK TAXPAYERS ARE PAYING TWICE FOR FIRE PROTECTION
https://thesassonreport.blogspot.com/2019/06/a-343000-bill-for-fire-protection.html
Editor:
https://www.tapinto.net/towns/hackensack/articles/hackensack-finalizes-2020-spending-plan-calling-for-0-tax-increase
Victor E Sasson:
Eric Martindale, can you elaborate on these statements?
"But the real story is the tremendous increase in tax revenues. A lot of that has to do with properties in the immediate proximity of new construction in the downtown and vicinity."
Are you saying properties next to new construction will be paying more in taxes? When do the buildings under construction start paying taxes, when they are finished, during construction or both?
ericmartindale:
Yes Victor, that's how gentrification works. Bring in one large development, and suddenly everything nearby is worth much more, for two main reasons. (1) because a new and higher use has been established for the neighborhood, and theoretically other properties can be redeveloped (2) These are higher-income residents, and their spending power means that higher-end restaurants and retail can flourish in the vicinity. That also increases the business climate and attract more business. Even office use will be attracted.
One would have to look at the census reports from 2010 to establish the identity of the neighborhood, which I have not done. But it's common knowledge that the downtown neighborhood is sparse, just a few people scattered about, living above storefronts, and just a few nearby homes and buildings. The population is low. They basically working class, and very heavily Latino and Black. The new neighborhood is middle to middle-upper income, and there will be significant numbers of Whites and Asians moving in. It'll be a very different neighborhood. I'm sure they will be heavily supportive of "progressive" politics, whatever their background is. People wanting to live in a diverse downtown neighborhood are usually of that mindset. Who knows, they might even vote for Victor Sasson. God help us.
Victor E Sasson:
Just saw this. LOL. What would be so terrible that people might vote for me (anyway, I won't be running for office again) or a candidate like me?
You prefer Main Street the way it was?
I would like to identify all of the people who are profiting tremendously from redevelopment, not the developers, but people like the Gelbers, former Mayor Jack Zisa, the former head of the business association who spearheaded the redevelopment and too many others I don't know.
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