Once the capital of the American movie industry at the turn of the 20th century, the Borough of Fort Lee, today has become a favorite place for individual residents and international trade businesses seeking convenience and ease for NYC commute. The Borough’s vibrant economy has allowed for many upscale developments and infrastructure projects including the famous George Washington Bridge connecting New Jersey with Manhattan.
It is a great place to live and work with many restaurants, shops and options for a convenient lifestyle.
Average Price reflects the average price of single family homes sold in particular town. It is calculated based on the twelve month moving average (geometric mean).
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Homes Sold is the number of single family homes sold in a particular district in the past 12 month period.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury