On 25 Jan 2015
Nothing Is Going to Save the Housing Market,
Also, comparing a community like say, Livingston, NJ, where the house averages about 700K....the tax burden would be about 17K
Even taxes on an 800K+ house in Toms River is 16000 (source: parents). And that is in Ocean County, where the educational level of many people there is not comparable to the majority of the SFBA. Also, it is a high percentage of senior citizens (37%).
Livingston is an example of an SFBA comparable community . For that matter, most of Essex County or Bergen County.
The average house in Livingston is 700K with a 17K property tax hit
The average house in Cupertino is 1.4M with a 9K property tax hit.
The average house in Fremont is 729 with an 8750 property tax hit.
By some metrics (API), some schools in Fremont outscore schools in Cupertino