photo of Holly Schepisi and Bob Auth
October 22,2017
the staff of the Ridgewood blog
River Vale NJ, assemblywomen Holly Schepisi reiterates our thoughts on tax reform and the poor position New Jersey is in being one of the highest taxed states in the nation. ” Thinking about property taxes, New Jersey and the federal property tax deduction. New Jersey residents pretty much get hosed in every way possible when it comes to taxes. Residents in the communities I represent and the other residents of Bergen County currently pay about 30 percent of the entire NJ State Budget and receive back less than 3 percent of that money. At the federal level New Jersey only gets back 74 cents for each $1 it sends to Washington, making it the lowes…t reimbursement in the country.”
“As a result of ridiculously unfair school funding formulas, our residents pay the highest property taxes in the nation. The ONLY tax relief our residents have had is the ability to deduct our property taxes from our federal tax returns. Now the US Senate has voted to eliminate this deduction. I wholeheartedly disagree with the Senate Republicans on this issue. However I also put blame at the feet of the NJ Democrats who have controlled the New Jersey legislature for 16 years and our US Senators who have been controlled by the Democrats since 1982 (other than a short several month stint by Jeff Chiesa). How and why do we have the highest property taxes in the nation? Why do we receive the least amount of funding back from the federal government? Why won’t my Bergen County colleagues on the other side of the aisle fight alongside me for fairer funding of OUR residents? We cannot continue doing things the same way in this State. It is reaching a breaking point for our working middle class and our seniors. I hear campaign slogans about suburbs having to “pay their fair share.” We pay well beyond our “fair share” and we all must stand up together and fight back while we still can.”
District 39 – (Bergen and Passaic) Bloomingdale, Closter, Demarest, Dumont, Emerson, Harrington Park, Haworth, Hillsdale, Mahwah, Montvale, Norwood, Oakland, Old Tappan, Park Ridge, Ramsey, Ringwood, River Vale, Saddle River, Upper Saddle River, Wanaque, Washington (Bergen), Westwood, Woodcliff Lake .
