Saddle River’s municipal tax rate has gone down six years in a row, said Dr. Al Kurpis, mayor of Saddle River and a dentist at Kurpis Center for Advanced Dentistry in nearby Ridgewood.
Even still, residents have access to top-quality police force and public schools, according to Kurpis. The borough, which has money to spare in its surplus account, has no plans to raise taxes.
“Maintaining a low tax rate is in our best interest to attract people to our community,” Kurpis said. “But even if they went up a little bit, we’re still lower than anyone else.”
Even as individual taxpayers have yet to see what the full effects the Tax Cuts and Jobs Act will have on their bottom lines come April, they are starting to keep those changes top of mind when shopping for new homes.
That goes for Dr. Hongsok Hwang, a dentist who had lived with his wife in Washington Township, a nearby Bergen County town, for the past 15 years.
Once the prospect of the couple’s aging parents coming to live with them came up, they knew they needed a bigger home.
Hwang also knew the new maximum SALT deduction would kick in starting this year, something he focused on as they were shopping for a home.
Source : CNBC
