Most New Jerseyans Are Paying 9 Percent of Income to Property Taxes

Date: August 16, 2017

 

Sky-high property taxes continue to be a major problem for New Jersey residents, and for some it’s worse than others. The statewide average bill, according to the Asbury Park Press, is $8,549. In some towns, the average is double or triple that amount. The average state property tax bill costs 9 percent of household income.

Here’s a look at who’s feeling the most pain:

  • Millburn, Essex: $23,327 average property taxes ($1,082,989 average home)
  • Loch Arbour, Monmouth: $22,323 average property taxes ($1,040,183 average home)
  • Tavistock, Camden: $21,689 average property taxes ($1,720,000 average home)
  • Alpine, Bergen: $20,910 average property taxes ($2,724,160 average home)
  • Tenafly, Bergen: $19,866 average property taxes ($803,377 average home)
  • Mountain Lakes, Morris: $19,775 average property taxes ($782,636 average home)
  • Rumson, Monmouth: $19,146 average property taxes ($1,336,434 average home)
  • Glen Ridge, Essex: $19,045 average property taxes ($543,553 average home)
  • Mendham Township, Morris: $18,752 average property taxes ($908,246 average home)
  • Essex Fells, Essex: $18,743 average property taxes ($923,039 average home)

In his “Ask the Governor” radio program at the end of July, Gov. Chris Christie said citizens should accept reductions in services or changes to the way things are done if they want lower property taxes.

Related Content: Small Business News | Economy | New Jersey

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today
1-800-634-2669

© 2001 - 2022 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy