By Patrick Clark March 21, 2019
Nick Boniakowski's clients bought a home in Northern New Jersey in 2016. Now they want to move again.
They found a house they liked. It wasn't the charm of new construction, an upgrade in location, better schools or a swimming pool that attracted them.
It was the lower property taxes.
Like many of Boniakowski's clients at Redfin Corp.'s Hoboken office, these two are looking at their returns for the first time since President Donald Trump's tax changes took effect and, despite more than a year of lead time, experienced a mild freakout. Maybe buying a new house –- the rare financial ordeal that's more maddening than the annual April 15 ritual –- could be the solution.
Alas, taxes on the house they wanted to buy turned out to be higher than they thought, so they went back to scouring listings. Read more.