>N.J. local taxes jump an average of 7 percent in the past year
Had the state’s new 2-percent limit on property tax increases been in effect last year, most New Jersey towns wouldn’t have been in compliance.
In fact, most would not even have been close. (de Vries, The Star-Ledger)
https://www.nj.com/news/index.ssf/2011/01/nj_local_taxes_jump_average_of.html
