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Buyers Want Your Home for as Little as Possible.
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Montclair NJ and Essex County Weather Local residents of Essex County New Jersey enjoy the region’s four distinct seasons. January is the usually the coldest month of the year, with an average low of 19°F to an average high of 36°F. Winter activities abound, from sledding, to ice skating on local ponds to skiing, less than an hour away.
Numerous festivals celebrating the spring bring the community outdoors to meet and greet their neighbors. Check out the Cherry Blossom Festival in Branch Brook Park or Art in the Park at Anderson Park in Montclair. The iris bloom at the Presby Memorial Iris Gardens is not to be missed.
Summer is warm and balmy with opportunities for hiking, swimming at the Jersey Shore, picnics and barbeques. July is usually the warmest month with an average low of 62°F to an average high of 84°F.
In the autumn, as the weather turns cool and crisp and the landscape is transformed from green to red, yellow and orange, there are exciting Fall Foliage trips and apple picking excursions throughout the state.
Get Montclair NJ and Essex County Weather Reports Here It's my job to know EVERYTHING about Montclair, Upper Montclair, Bloomfield, Cedar Grove, West Orange, Caldwell, Glen Ridge, North Caldwell, Nutley, Verona and West Caldwell! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly... 
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
What building has been named the 21st Century Townhouse project?
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| A |
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete. |
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