NJ.com: NJ Property Taxes Hit Another New High Last Year - Garden State Initiative



NJ.com: NJ Property Taxes Hit Another New High Last Year

March 5, 2020


By Samantha Marcus

New Jersey’s sky-high property taxes rose 2.1 percent statewide in 2019, an increase Gov. Phil Murphy says is proof his administration is “delivering on our promise to provide property tax stability.”

Though low by historical standards, the year-over-year increase still means the average homeowner paid a record-setting $8,953 in property taxes last year.

The figure, compiled based on property tax data from 565 municipalities, is double the average property tax bill homeowners paid 20 years ago.

The average property tax bill in 2018 was $8,767, a $77 increase over the $8,690 bill in 2017.

In Bergen and Essex counties, the average bill topped $12,000, and another four counties — Somerset, Passaic, Morris and Union — surpassed $10,000.

The announcement, which accompanies a release of town-by-town and county-by-county figures for the state, comes about a week after Murphy sought to recast his first two years in office in a way that speaks to New Jersey’s homeowners.

Murphy on Wednesday underwent successful surgery to remove a likely cancerous tumor and Lt. Gov. Sheila Oliver is serving as acting governor. His office released a statement from the governor touting the property tax news.

Read the full report here.