Hoboken Property Tax Data - 2000 - 2005

Tax Segments: This table shows basic property tax data for Hoboken. It includes the town-wide tax rate for each year, per $100 of taxable property; the tax levy, or the total amount of property taxes for the town; the residential levy, or the amount of taxes on homeowners; the average assessment and tax bill paid by homeowners; and the percent change since 2000. Numbers in () show where the town ranks among 521 towns in the state with at least 500 homeowners, with 1 being the highest. Towns with fewer than 500 homeowners are given a ranking of 999.

Year

Tax Rate

Tax Levy

Residential
 Levy

Average
Residential
Assessment

Average
 Tax Bill

2000 3.10 $58,042,674 (64) $32,144,737 (95) $161,709 $5,013 (164)
2001 3.10 $65,743,050 (55) $36,017,920 (93) $170,113 $5,270 (163)
2002 3.26 $72,691,554 (54) $40,325,247 (88) $172,497 $5,624 (151)
2003 3.24 $75,878,600 (56) $43,271,571 (88) $166,330 $5,391 (201)
2004 3.22 $78,070,438 (58) $45,950,684 (92) $165,650 $5,327 (242)
2005 3.29 $84,838,995 (55) $52,210,401 (80) $163,557 $5,375 (271)

Tax Levy Change: $26,796,321 (46) . ABOUT THESE RANKINGS: The rankings in these tables are useful in several ways. In addition to showing where a town stands in any particular category in any given year, the rankings can be compared across categories -- for instance, a town might rank high in average tax bill but more in the middle in percent change in average tax bill. Also, it's good to look at the rankings over time -- is a town's ranking in any particular category changing much?
Tax Levy Percent Change: 46.2% (144)
Residential Levy Change: $20,065,664 (53)
Residential Levy Percent Change: 62.4% (66)
Average Tax Bill Change: $362 (493)
Average Tax Bill Percent Change: 7.2% (516)

Tax Segments: This table provides more details about the tax base in Hoboken. The first column shows the percentage of land in the town that is taxable --schools, churches and other land in New Jersey is exempt from property taxes. The other columns show the percentage of taxable land in various categories - several categories that impact only a few towns, such as personal property, are excluded. Rankings are provided in categories common to all towns.

Year Taxable Residential Commercial Industrial Vacant Apartment Farm
2000 66.7% (500) 55.4% (472) 25.0% (46) 4.8% (158) 2.2% (255) 12.5% 0.0%
2001 69.4% (497) 54.8% (476) 22.0% (73) 4.1% (175) 1.5% (323.5) 17.5% 0.0%
2002 69.5% (498) 55.5% (473) 20.9% (83) 3.5% (187) 2.0% (254.5) 18.0% 0.0%
2003 69.0% (499) 57.0% (470) 20.1% (90) 2.8% (205) 1.8% (267) 18.1% 0.0%
2004 68.0% (497) 58.9% (459) 19.3% (91) 2.7% (201) 1.6% (281) 17.5% 0.0%
2005 69.3% (498) 61.5% (448) 18.0% (109) 2.0% (221) 2.1% (224) 16.3% 0.0%

Comments (1)

taxpayer
Said this on 10-2-2006 At 09:28 am
interesting infomation ed, what I don't understand is how the budget went up $ 26 million in 5 years, almost 50 % increase? WTF are the politicians doing? Could you look into this? Does senator bryant have a job in Hoboken?

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