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|  | | | "Westwood Gazebo" | |
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Westwood New Jersey is known as "The Hub of the Pascack Valley" area in the center of Bergen County New Jersey and is approximately 10 miles north-northwest of the George Washington Bridge and approximately 7 miles south of the New Jersey - New York state border. Westwood New Jersey has a trendy downtown Business District with Stores that are sure to appeal to everyone. This feature earned Westwood it's popularity. The Pascack Valley Train line also stops in Westwood and NJ Transit Buses are also plentiful. Westwood New Jersey schools are top notch and children are joined by the children from Washington Township to attend Westwood Jr/Sr High School.
Having both been raised in the Pascack Valley area,we both have deep roots and a wealth of background knowledge and information about the Pascack Valley area towns. We are happy to offer you an insider’s view of living in the beautiful Pascack Valley area.Below is a brief snapshot of the town of Westwood New Jersey. Feel free to ask us questions about Westwood New Jersey Homes For Sale by e-mailing us at:HammersTeam@number1expert.com
Westwood New Jersey has many Restaurants and a Movie Theatre as well as a charming Park with a Gazebo. The town of Westwood New Jersey centers around the Train Station with the Pascack Valley Train Line running to the Hoboken Path. Conrail trains to Hoboken, NJ Transit bus service to Midtown New York City, Pascack Valley Rail line to Hoboken &Taxi Service also available. The annual "Home For The Holidays" town wide event offers something special for all members of the family to enjoy and ring in the holidays! This year (2011') the event kicks off December 3rd from 6-9 pm at the Five Corners and continues down Westwood Avenue to the Veteran's Park.
Westwood New Jersey Homes For Sale
Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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| Q |
During what great land boom (1919) did investors pay up to $25,000 for lots that had not yet been dredged up from the ocean?
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| A |
The Florida Land Boom--Carl Fisher founded Miami Beach that year and brought hundreds of investors to the state. |
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- NUMBER1EXPERT® 
