Schneck Law Group LLC


Over $150,000,000.00 of property taxes have been refunded by the property tax attorneys associated with Schneck Law Group LLC.


Schneck Law Group LLC exclusively represents property owners in property tax appeals and focuses on reducing real estate taxes on commercial, industrial and multi-tenant real estate. Schneck Law Group LLC has 3 property tax attorneys and a staff of trained paralegals. The firm's founder and managing member, Michael Schneck, may be reached via email at mschneck@schnecklaw.com.


For a free consultation about a potential property tax appeal, please do not hesitate to contact me.

Direct Dial: (973) 533-9300, ext. 1
Email: mschneck@schnecklaw.com
http://www.schnecklaw.com/

Thursday, January 17, 2008

Corzine You Better Think Twice!

“If the true problem is that political leaders are unwilling to face the voters with the reality that there is no free lunch, then the problem we seek to solve by tolling [roads] . . . will not solve the problem at all. In fact, our research suggests that it will only make the problem worse.” - Peter Swan of Penn State -- Harrisburg and Michael Belzer of Wayne State University

As most are aware, Governor Corzine proposes to drastically increase the tolls on New Jersey’s toll roads in order to help alleviate, in part, the state’s property tax crisis. However, as found in a study by Professors Swan and Belzer, significantly increasing tolls on roads results in significant diversions of truck traffic to ancillary “free roads,” and likely results in more automobile accidents.

The study, after examining Ohio’s Turnpike system in the 1990’s, found that toll hikes cause several problems.

“First, many of the substitute roads are two-lane highways with crash rates many times that of the Turnpike. Second, the increased traffic has reduced the quality of life for communities located along diversion routes and dramatically increased the maintenance costs of many of these roads. . . . Finally, higher truck tolls have two negative effects on the economy. Motor carriers eventually pass all tolls to consumers in the form of higher prices for goods. While higher toll rates may not decrease the efficiency of non-diverted trucks, they have raised costs. Furthermore, diversion reduces the efficiency of these trucks because they clearly are taking a second-best route. The resulting loss of efficiency can stifle economic activity, according to the study. Many of these economic and social costs may not be considered in future leases or sales, especially when such costs are paid by people in states other than the one making the lease agreement.”

For the full article, "Empirical Evidence of Toll Road Traffic Diversion and Implications for Highway Infrastructure Privatization" presented on January 14, 2008 at the 87th annual meeting of the Transportation Research Board in Washington, D.C. please click here.

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