It’s the tax that never stops growing. The average property tax in New Jersey has hit a record high, with homeowners paying an average of $9284 in property taxes alone in 2021.
That figure marks a rise from an average of $9,112 in 2020 – a 1.86% spike in a single year.
For comparison, the average homeowners in the United States pays $2,471 in property taxes on their home each year.
A ranking of property taxes in all 50 states conducted by WalletHub in 2021 found that New Jersey homeowners pay the highest real estate tax rate in the country – 2.49%.
The state with the lowest tax rate is Hawaii, with homeowners paying a rate of just 0.28% on their homes.
Im on HUD so it doesnt effect me but I can say we get very little services from these taxes
David, not sure what you mean. My property taxes is paying your HUD bill. You are most definitely getting services from this.
HUD is paid by the federal government, not our property tax.
Property taxes go to schooling, county, township & fire dpt.
for 2017 it was
28.85% township
2.36% fire
48.94% School
19.85% county
Another reason not to have voted for Murphy besides for his signing this week legislation enshrining toevah marriage and abortion until birth into law.