Posted on

Ridgewood Makes the List of 30 Highest Property Taxes in New Jersey

ridgewood real-estate

#11 Ridgewood | $11,179
County: Bergen
Avg. total residential property tax: $17,180
Property tax breakdown: County 11% | School 65% | Municipal 24%

These 30 towns have the highest school tax bills in N.J.

Updated June 07, 2017
Posted June 07, 2017

By Kelly Heyboer | NJ Advance Media for NJ.com

TRENTON — If your property taxes are high in New Jersey, chances are a good chunk of your annual bill is going to your local public schools.

New Jersey residents paid nearly $15 billion in school taxes as part of their property tax bills last year, according to data released by the state Department of Community Affairs.

Most residents’ property tax bills are made up of three parts: a county tax, a municipal tax and a school tax. Last year, school taxes accounted for about 52 percent of the average New Jersey property tax bill, according to the data.

In most cases, the money directly funded a local school district. In some smaller communities without their own schools, including Loch Arbour in Monmouth County, the money was used to pay tuition to send local students to neighboring public school districts.

The towns that have the highest average school tax bills are usually wealthier communities where property values are the highest. These towns generally fund a large share of their school expenses because they don’t receive significant state aid.

Here are the 30 New Jersey towns where residents paid the highest average school taxes in 2016:

https://www.nj.com/education/2017/06/these_30_towns_have_the_highest_school_taxes_in_nj.html#incart_river_home_pop

2 thoughts on “Ridgewood Makes the List of 30 Highest Property Taxes in New Jersey

  1. We need to talk tax rate, not a erages.

    I have been looking at homes in Franklin Lakes. They have some very expensive homes that can distort the average. In the $1 mil area their property taxes are a BARGAIN compared to Ridgewood.

  2. We need to move up on this list!
    .
    Let’s build a massive Garage and lots of low income housing to increase school enrollment.
    .
    We can do it – lets make RW #1 again!
    .

Leave a Reply

Your email address will not be published. Required fields are marked *