Average N.J. Homeowner To Face 3.3 Percent Property Tax Hike
The average property tax hike in New Jersey will be 3.3 percent this year — and will hit 23.5 percent after the loss of the homestead rebate is factored in, a statewide review of new tax rates show. The changes in the average property tax bills will range from a $6,313 increase in the tiny village of Loch Arbour to a $1,329 reduction in Penns Grove, Salem County, according to an Asbury Park Press review of tax rates in 415 out of 566 towns. All totaled, the average homeowner tax bill went up in 379 towns, down in 35 and remained unchanged in just one municipality.
This year’s NJ SAVER homestead rebate was eliminated under Gov. Chris Christie’s budget plan.
Homeowners who qualified for the rebate last year saw an average check of $1,037 to offset a statewide average tax bill of $7,291. Of the 415 reporting towns, the average property tax bill will be $7,694 this year, according to the Press review. Read more in the APP.
There are 8 Comments to "Average N.J. Homeowner To Face 3.3 Percent Property Tax Hike"
In Livingston, NJ you can buy a new home for 3MM$ and property taxes are only 10K a year….. In Lakewood, my 4 br ranch built in the 50′s has annual property taxes of 10.5K a year. Taxes are sucking up our tuitions, rebeim, retirement and economy.
And at least that pays for my kid’s bussing…. Oh i forgot my kid’s bus didn’t pick him up or the other kids to go to yeshiva so far (2 days)
We all understand that bulk of property taxes go to fund the local public school. Its been proven that its actually between between 70%-90% of our gross property tax obligation.
We all know that locally, namely Lakewood, a huge percentage of the children attending these schools are children of ilegal residents. Its not a secret, and its a problem that cannot easily be dealt with!
But we should all do, what the residents of Monroe, NY did about 12 years ago. Sign up all our children for public school, and then they will surely have to deal with us in a fair way. Its really so simple! All we ask is for relief, and instead we get stuck paying for our own bills, PLUS the bills of our neigbors, who dont seem to contribute to the cause!
Well, lets just get organized, and sign up our child up for school. They will then be forced to either open-up a free schoold for us, or give us relief in the form of vouchers, and tax breaks.
Can anyone tell me why we shouldnt do this??
yes I can
Isaac Akerman for Committee!!!!!
Does anyone get it? no matter how many services we cut from out children our taxes are not being lowered. At least let us have some benefit from the taxes that we are paying.
I agree 100% theres no reason why not ! ! ! !
So we lost the Homestead Rebate and now face a 3.3% tax increase -a double hit- for what- services for the homeowner/taxpayer don’t change! Two points to think about:
1) The sales tax increase was supposed to be dedicated to property tax relief – obviously, it’s not working. Let’s go back to 6% (and get a refund for overpayment…)
2) The almost finite homeowners can’t keep up to finance the ever-increasing school budget expense. How about an alternate funding methond: Levy a 1% or 2% tax on child-designated items, like clothes, diapers, toys, juvinile funiture etc – this way the schools can be funded by those who use them. The homeowner would have to buy over $20000 to cover the property tax portion of his property tax (at 2%), but now everyone buying school supplies would be paying into the system.
Something to think about – I’m not trying to agitate anyone…,