article thumbnail

New Jersey Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

For a list of New Jersey economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. New Jersey Partnership for Action: Created by Governor Chris Christie and led by Lt. FINANCING & GRANTS.

article thumbnail

Homeowners in These States Paid the Highest Property Taxes in 2021

Pro Builder

New Jersey boasted the highest average real estate tax bill in 2021 with a total of $9,151 per homeowner as well as the highest effective tax rate (2.02%). of state and local tax receipts in 2020 due to a broad decline in income tax revenue as a result of the pandemic, property taxes made up 36.2% After accounting for 39.9%

Texas 96
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Looking at Affordability Through a New Lens

Pro Builder

Looking at Affordability Through a New Lens. Affordability indexes may take mortgage rates, income, and home prices into account, but it’s missing an important piece of the puzzle. Bill McBride, author of the finance and economics blog Calculated Risk, says future return is an important piece of data to factor into affordability.

Income 52
article thumbnail

Climate Emergencies Are Pushing Insurance Rates Higher for Migrating Retirees

Pro Builder

Rising property insurance costs coupled with higher property taxes in areas where home values have risen significantly in the past several years were a major concern for clients purchasing investment real estate for passive income generation or for those just trying to dodge inflated prices on their forever homes. . Housing Policy + Finance.

article thumbnail

Which States Tax the Most/Least?

Pro Builder

New Jersey has the dubious distinction of imposing the highest effective property tax rate—2.13% or $21.34 Other factors are clearly at play, and state and local government financing turns out to be a major one. Unlike most states, Texas does not impose a state income tax on its residents. per $1,000 of home value.

Texas 52
article thumbnail

NJ Angel Investor Tax Credit Program Injects $125M In Tech Companies

Buisness Facilities Contributed Content

More than $125 million has been invested in New Jersey-based emerging technology and biotechnology businesses through the state’s Angel Investor Tax Credit Program since its inception in 2013. Relocating or Expanding Your Business In New Jersey. Clinton’s New Jersey snipers dog Bernie in New Hampshire.

NJ 40
article thumbnail

Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. Christie said. NJEDA approved a significant Grow NJ award of up to $39.5 headquarters.

Zoning 47