[EdFNJ]

Looking at tax rates for older properties can be VERY misleading. Unless it is brand new when you buy your property you will start anew at the current rate which could be easily double what the tax listing shows. For the most part they lock your rate in at purchase due to state law with some leeway based on some index(s). When we bought the agent gave us the current listed tax WITHOUT informing us ours would be higher because the original owner purchased when new 9 years before us. Our rate was almost DOUBLE what was quoted when we asked about the taxes. Didn't bother us too much because our yearly rate here is equal to about 2 months in NJ plus no state income tax. We were just surprised.