New Jersey’s average residential property tax bill in 2019 grew at the fastest rate in three years, approaching $9,000, although the increase remains lower than what had been common before the 2% cap instituted nearly a decade ago. Data compiled by New Jersey 101.5 shows total property tax collections for counties, municipalities, schools and special taxing districts increased by $665 million to reach $30.4 billion last year. That’s an increase of 2.2%. The average tax bill was up by 2.1%, or $186, reaching $8,953.Lakewood Township
Average Tax 2019: $7,050
1-year dollar change: $404
1-year percent change: 6.1%
Jackson Township
Average Tax 2019: $7,675
1-year dollar change: $209
1-year percent change: 2.8%
Toms River Township
Average Tax 2019: $6,352
1-year dollar change: $120
1-year percent change: 1.9%
The only reason it grows so fast is because the budget is growing .
ReplyDeleteEveryone is milking the town for all kind of benefits. If ones expenses go up his income MUST go up as well.
Also people from Jackson and Toms River are 'indirectly' using Lakewood's Monies.
Tax exempt apartments put burden on everyone else and poor Lakewood homeowners are footing the bill while the powerful and we'll connected laugh all the way to the bank
ReplyDelete