Wednesday, June 22, 2016

Former NYC councilman slams NPR report on Lakewood

 From, James F. Gennaro Deputy Commissioner for NYC Sustainability and Resiliency at the NYS Department of Environmental Conservation. Former Member of NYC council.

14 comments:

  1. Lets do some math.
    Average property tax bill in town is approximately $6500. About half of that goes to the schools, so $3,250.

    Assuming a family with 5 students bussing at $800 per child is then $4,000 per year. That is still a net drain out of the system. Not what I would call a pittance.

    Glad this guy is out of public policy because his math is bankrupting everybody.

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    1. It is a pittance, first of all busing can be taken care of for cheaper than that. Second if the orthodox would send to public school it would cost hundreds of millions.

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    2. It is a pittance, first of all busing can be taken care of for cheaper than that. Second if the orthodox would send to public school it would cost hundreds of millions.

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    3. If it is a "pittance" then it is no big deal to eliminate bus funding for private school students. And the second point of orthodox to public school is a straw man. If we did go to public school the town would get much more state aid and perhaps be in better financial shape.

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    4. I actually pay 10.5k a year and don't have any children in school. So it all evens out. The average town home is paying about 10k a year.

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    5. The anecdotal evidence of a 10.5K average is factually incorrect according to town records.

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    6. Seems like a lot of the seniors or non homeowners commenting on here. I don't know anyone living in a residential single family, non senior, home that is only paying $6,500k in taxes.

      This average, includes condos (coventry, highpoint etc.) and Leisure Village among some of the other senior developments where taxes are significantly lower then average.

      the average new home, built in the last 5 years is paying $10k or more. the average older single family homes are paying a minimum of $8k

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    7. Joe - Are you saying that non-public students families mostly live in newer expensive housing and very little condos?

      What is the average home price/taxes/and number of children per property including basement apartments for those families then? Official data, no anecdotes are appreciated.

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  2. Not sure where you're getting your average "$6500" from
    Average is closer to 8k.
    Don't quit your day job just yet.

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    1. Actually should say median...data from real estate statistics and the 2015 published Ocean county tax rates.

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    2. According to numerous on line real estate data analytics Lakewood actually has the second highest average tax rate in Ocean. Furthermore according to this site the average in Lakewood is $5633.
      http://www.joeshimkus.com/NJ-Tax-Bills.aspx

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  3. Many of the larger houses pay much more in taxes and many have grown kids out of the school system so there is a net gain in taxes. Without special ed costs that the State should he covering, but is not , we would not have a shortfall

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  4. 2015 total residential assessments in town was $4,789,711,800 / 20,803 (number of class 2 properties in Lakewood) gives an average residential assessment of $230,241. 2015 tax rate of 2.835 per $100 of assessed value equals an average 2015 residential tax bill of: $6,527.34. Residential assessment total includes all homes in town, low income and senior villages all the way up ti the million dollar homes. There are many more lower in value senior homes in the villages than there are million dollar homes in town.

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    1. Thank you for verifying the above stated $6500, not the $8000 or $10500 other posters. Sad that people like Jim Gennaro who are evidently bad at math but good at name calling are making policy decisions.

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