Property Taxes

NJ budgets $10M/year for a variety of grants to local governments to encourage shared services, with the goal of cutting or at least restraining the state’s tops-in-the-nation property tax bills.

“The current formula is nefarious. It’s arbitrary. It’s unfair. And I believe it’s unconstitutional,” he said.

63% of Garden State voters in a Fairleigh Dickinson University Poll say they're in favor of scrapping the $10,000 federal cap on state and local taxes that went into effect in 2017.

Homestead benefits will be updated so they are finally calculated on more recent property tax information, under a state budget agreement announced Monday.

Shared services to reduce spending is seen as one way to relieve some of the pressure on New Jersey's tops-in-the-nation property tax bills.

“Our collection rate was higher than we anticipated,” said Bridgeton Mayor Albert Kelly. “But as you said, the third quarter is what we’re really looking at and planning for.”

“In the highest taxed state in America, New Jersey Democrats found a way to pile on more,” said Republican Party state chairman Doug Steinhardt.

NJ mayors are throwing their support behind a proposal by Sen. Menendez to give $500B to state and local governments to address a fiscal crisis mounting due to their coronavirus revenue losses.

A new report from the State Commission of Investigation called "The Beat Goes On and On" finds many towns continue to allow municipal employees to cash out with huge checks for unused sick and vacation time.

A Senate committee Thursday advanced a bill that would green-light larger property tax increases in some school districts losing state aid.