If you are a current or prospective homebuyer, here is why North New Milford should be at the top of your list.
Affordability
A fully renovated four-bedroom home at 564 Boulevard is currently listed at $729,000. Comparable properties in Bergenfield are estimated to be about 10% higher, while those in Teaneck come at a 17% premium.
Taxes
In New Milford, a $729,000 home carries an effective property tax rate of 2.53%, resulting in annual taxes of around $18,430.
In Bergenfield, similar homes are about 10% pricier and taxed at 2.45%, bringing the estimated annual tax bill to $19,631.
In Teaneck, where homes come at a 17% premium and the effective rate is 2.41%, the estimated tax bill is $20,533.
(Sources: NJ.gov “2023 General Tax Rates”; New Milford Tax Assessor)
Community and Convenience
There are promising discussions about establishing a satellite shul in our area. Once a few more families move to North New Milford, these plans are expected to move forward, significantly reducing walking distances to the Shul. For young frum families, this could be a game changer!
We look forward to welcoming you!
