After one of the most turbulent weeks in New Jersey politics since the North Jersey casino expansion vote earlier this year, Atlantic City’s assets are one step closer to being sold off as part of a state takeover championed by Senate President Steve Sweeney (D-3), Governor Chris Christie and South Jersey Democratic boss George Norcross III. Opposition to that takeover plan hit a major roadblock on Thursday as three state Assembly members stayed home, leading Speaker Vince Prieto (D-32) to delay posting his alternative takeover bill until he could secure a 41-vote majority. JT Aregood, PolitickerNJ Read more
At a Cherry Hill fundraiser last Thursday, George Norcross, the Democratic power broker, sounded out Bergen County Democratic Party Chairman Lou Stellato on a politically sensitive gambit. Charles Stile, The Record Read more
Alpine $20,880.00
Tenafly $18,787.00
Demarest $17,937.00
Upper Saddle River $17,112.00
Haworth $16,940.00 Ridgewood $16,798.00
Saddle River $16,670.00
Franklin Lks $16,635.00
Old Tappan $15,765.00
Glen Rock $15,157.00
Woodcliff lake $15,139.00
HoHoKus $15,045.00
Allendale $14,551.00
Oradell $13,796.00
Wyckoff $13,280.00
Midland Park $11,020.00
Waldwick $10,396.00
Washington Twp 10,157.00
Fair Lawn $10,012.00
Mahwah $8,154.00
file photo by Boyd Loving
EXCLUSIVE: Property taxes up $537 million
HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015.
Michael Symons,
Hold onto your wallets: Property taxes in New Jersey increased by their fastest rate in four years in 2015, with landowners shelling out an extra $537 million.
The hike pushed the average local tax bill to $8,354 for homeowners, up $193 from the prior year, according to data compiled exclusively by the Asbury Park Press. That’s an increase of 2.4 percent, despite a supposed 2 percent cap enacted in 2010.
The jump marks the second straight year New Jersey’s property tax hike has gotten bigger, after three years of slowing growth in Gov. Chris Christie’s first term. Monmouth and Ocean counties fared worse most of the state with tax boosts of 2.6 percent and 3.3 percent, respectively.
The trend undercuts one of Christie’s selling points as he touts his gubernatorial record on the GOP presidential campaign trail. On his campaign website, Christie says property taxes are rising at their slowest pace “in more than two decades.” Growth has grown since dipping to 1.3 percent in 2013.
The new accounting tells a costly different story — in a state where homeowners already pay the highest-in-the-nation property taxes. That burden helped drive nearly 14,000 to sign an Asbury Park Press petition urging elected officials to cut property taxes. The petition came in tandem with Asbury Park Press’s investigation of the tax crisis last fall.
Stay or leave?
Adrienne DiPietro’s property taxes have tripled in the 20 years she has lived in Eatontown. She remains optimistic elected officials will do something about the problem but says “I’m not holding my breath.” She is considering whether she and her husband, Paul, will stay in New Jersey. Both are retirees.
“All of our retirement income, we have to start thinking about this in the next five years or so: Do we want to stay here and keep coughing up that much taxes?” DiPietro said. “Do we want to stay here, because the taxes are only going up and up?”
Serious conversations about raising New Jersey’s gas tax to head off a looming transportation-funding crisis were put on hold earlier this year, so lawmakers could focus on the Assembly elections that were just held in all 40 legislative districts earlier this week. But now with those contests in the rearview mirror, the talk in Trenton has shifted back to transportation. John Reitmeyer, NJSpotlight Read more
