Subscribe Now!
GannettUSA Today

Thursday, October 05, 2006

NJ tops in property taxes - again

New Jersey's property taxes were once again the highest in the nation in 2005, according to the lastest study by the Tax Foundation. (http://www.taxfoundation.org/publications/show/1913.html.) Not only was New Jersey first in the median property tax bite but first in the amount of property tax dollars paid as a percentage of household income, undercutting the apologists' (i.e., politicians') contention it's only natural the nation's wealthiest state should have the highest property taxes.
Monmouth County has the 13th highest property taxes in the nation and Ocean County has the 61st highest (http://www.taxfoundation.org/publications/show/1888.html). But Ocean County ranks 21st in property taxes as a percentage of income. New Jersey placed six counties in the top 10 and nine in the top 20. Passaic and Essex counties finished 1-2 in the nation on the list of highest property taxes as a percentage of income.
Congrats to all the losers.

0 Comments:

Post a Comment

<< Home