N.J. lapping the field on property taxes
We ran an editorial today based on a new Tax Foundation report on property taxes that helps explode the myth that the main reason New Jersey property taxes are so high is because N.J. is a wealthy state and it's located in the Northeast, where the cost of living is high.
As usual, New Jersey ranked No. 1 in median property taxes in 2005. Runner-up New Hampshire, whose median is 36 percent lower than New Jersey's, has no income tax or sales tax.
For comparison purposes, here are the 2005 property tax medians for New Jersey and nearby states:
New Jersey $5,352
Connecticut $3,865
New York $3,076
Massachusetts $2,974
Maryland $2,159
Pennsylvania $1,937
Delaware $806
As the editorial pointed out, only three states had median property taxes of more than $3,100.
Here's the editorial:
http://www.app.com/apps/pbcs.dll/article?AID=/20061221/OPINION/612210367/1029
From the Tax Foundation report:
Property taxes by state (2005): http://www.taxfoundation.org/research/show/1913.html
Property taxes by county (2005): http://www.taxfoundation.org/research/show/1888.html
As usual, New Jersey ranked No. 1 in median property taxes in 2005. Runner-up New Hampshire, whose median is 36 percent lower than New Jersey's, has no income tax or sales tax.
For comparison purposes, here are the 2005 property tax medians for New Jersey and nearby states:
New Jersey $5,352
Connecticut $3,865
New York $3,076
Massachusetts $2,974
Maryland $2,159
Pennsylvania $1,937
Delaware $806
As the editorial pointed out, only three states had median property taxes of more than $3,100.
Here's the editorial:
http://www.app.com/apps/pbcs.dll/article?AID=/20061221/OPINION/612210367/1029
From the Tax Foundation report:
Property taxes by state (2005): http://www.taxfoundation.org/research/show/1913.html
Property taxes by county (2005): http://www.taxfoundation.org/research/show/1888.html
posted by Randy Bergmann at 11:41 AM
3 Comments:
Well you can's say Corzine hasn't kept his word remember when he said..."Let's make history"...but we just didn't know what he had in mind .
WERE #1....WERE#1...WERE #1....WERE#1...I always wanted to say that
Do we really need any more proof that Corzine has NO clue whatsoever ,about how tough it is on the average citizen,and he could care less, don’t expect any reform with corzine and the rest of the democruds in charge ,just leave the state while it's still possibly
Post a Comment
<< Home