Banner Image

Month: July 2014

Tax Rates in Alpine, New Jersey

One major factor in finding a place to live is cost of living. Finding the best value can be tough. And figuring out how property tax rates impact lifestyle can be the deciding factor. To determine whether a property is worth the tax rates, take a look at the size of the property. Ask the experts for comparisons in your search.

Numbers to Consider

Is the cost of owning a home in Alpine worth it? What influence will buying such a property have over how you live your everyday life? Will you still be able to afford your annual vacation? Will your children have more opportunities? Are you able to pay the taxes on the house while living comfortably? The mortgage? These questions (and more) should be considered in your search. The answers depend upon an individual’s needs, wants, and means.

Challenges in the Process

Numbers are difficult to trust. What factors into the statistics? Who is the source of information (and what is he/she after)? There are contradictory responses to questions. Find a source that you trust but you should also fact check. There may be a jumble of information that does not give a simple answer. Some sources say that Alpine has high residential taxes while others claim that the town has a low effective tax rate. It can be quite confusing, yet (as contrary as it might seem) it may be enlightening as well. At the very least, having multiple sources will provide a wider perspective from which to base decisions.

Why Do Tax Rates Change?

Tax rate numbers should not be the primary factor in buying a property. They are not constant. Rates that seem reasonable may skyrocket within just a few short years. This is not helpful for a long-term commitment such as property ownership. So why make the investment? Investments are typically for the future. Is the property in an area within a good school district? Is the neighborhood considered safe? Are all the houses within the town of similar value? For Alpine, the answer is yes. These factors contribute to the cost of living within a region. They impact how comfortable and happy residents may be.

Celebrities Who Have Made Alpine, New Jersey Home

There are many names you may recognize if you ask who has houses in Alpine, New Jersey. There are celebrities from many specialties within the entertainment business who call this town home. Several rappers have landed in Alpine at one time or another. Prominent names include Sean Combs and Lil’ Kim. More musicians, such as Stevie Wonder, have homes in Alpine. Comedians find the area to be the place to live as well. Chris Rock, bridging the gap between comedy and acting, has one of the mansions in the town. Actors, such as Wesley Snipes, also feel comfortable making Alpine home.

Why Do Celebrities Think of Alpine as Home?

The town of Alpine is known for its mansions. These gorgeous properties attract the eyes and minds of the wealthy. In general, large properties can be found in clusters. This marks the value of the neighborhood. Mansions or other large properties look out of place if they are surrounded by residencies of lesser value.

What Does this Tendency Mean?

It makes sense to have neighborhoods grouped by housing value. One factor that is important to the decision-making process of buying a home is the value of the neighborhood. Is there a lot of crime in the area? Are the properties valued at similar prices? Are there celebrities living nearby?

How Does the Presence of Celebrities Impact Neighborhood Dynamics?

Celebrities are often treated differently than a less famous member of society. There is a tendency in our culture to be awed by fame. When celebrities own homes, tourists often flock to the area for the chance to glimpse these “heroes”. Is this the situation in Alpine?

The Best Parts of Alpine

Why do individuals decide to stay in Alpine? Is it the cost of living? Is it the education system? Is it the entertainment options? Like any major decision, there are many factors impacting choices to land (and stay) in Alpine. Alpine has been named one of the wealthiest towns in the country. This may be the draw for those who can afford property. It is a small town with few commercial locations, but this does not prevent residents from finding sources of entertainment. There are always options at home for hobbies, but everybody gets cabin fever sometimes. Where do residents of Alpine go? The town is not far from New York City, or other towns around New Jersey that have theater districts and other places for entertainment.

Expensive Zip Codes: Lifestyles of the Rich and Famous

Forbes has named Alpine, New Jersey one of the top ten most expensive regions in the country. This demonstrates a certain type of renown. But is the expense worth the prestige?

Why Alpine, New Jersey?

Topping a Forbes list draws attention to the town. People wish to get a taste of the life that they (currently) do not lead. Numbers play a large role in how Alpine attracted the attention necessary to top Forbes list of expensive neighborhoods. Most homes in the town sell for $4 million to $6 million. This puts Alpine, also known as Beverly Hills East, at number 2 on the list.

 

What Does the Neighborhood Look Like?

Alpine, obviously a rich town, is known for the grandeur of its homes. Mansions make up the majority of properties within the town. There are few commercial buildings and everything always looks new. When land is bought, the older homes are often knocked down to make way for a more modern version. This allows individuals to make marks on the community. The mansions are personalized through this process.

How Does the Wealth Harbored in Alpine Impact Residents?

Money grants more options. More funding allows residents to create the town they wish. It provides flexibility where it may otherwise not exist. Alpine residents have an enviable amount of freedom.

Ways in Which Extraneous Funds Can be Used

Alpine has the money to make the streets safe. Funds can be used towards providing police and fire departments with state of the art equipment. Schools should be able to afford facilities and materials that benefit education. Infrastructure should have funds available for use to keep the town in good shape. There are many benefits in being considered a wealthy neighborhood. Yet use depends upon the people. Are funds being used in the most efficient way?

How Does Use of Funds Impact Alpine’s Status?

Currently Alpine has a high placement where residential value is concerned, but that is subject to change. The town must use funds wisely in order to maintain its current status. If funds are used in an inappropriate manner, the value of properties within Alpine might drop. Residents wish to maintain a level of prestige, which takes work.

Manson in night view

Follow Us On Social

@NJLux Joshua Baris

15,000+

SUBSCRIBERS

Join me on exclusive tours of our incredible properties.

@NJLux Joshua Baris

124,000+

FOLLOWERS

A look at my day to day life as a real estate professional.

@NJLux Joshua Baris

5,000+

FOLLOWERS

Make your day by following me here