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Why New Jersey Is Still No. 1 for Property Taxes

JONATHAN BERR See full article from DailyFinance: http://www.dailyfinance.com/story/taxes/why-new-j Daily Finance
Why New Jersey Is Still No. 1 for Property Taxes - New Jersey - United States - property taxes

If there is one thing that unifies residents of New Jersey, particularly in these divisive times, it's property taxes: Everybody hates them.

One of the Garden State's chief claims to fame -- besidesThe Sopranosand The Boss -- is the fact that its residents pay the highest property taxes in the country. A recent study from theTax Foundationconfirmed this yet again, finding that New Jerseyeans paid median taxes of $6,579 in 2009. Seven out of the nation's top 10 counties for property taxes are in New Jersey. This infuriates residents and is a regular topic on talk radio. It should be no surprise that property tax appeals are up 44% in the state, according to theNewark Star-Ledger

Fixing the state's property tax system is one of the top priorities of Gov. Chris Christie, who defeated incumbent Jon Corzine because of widespread dissatisfaction over the hated levy. He is now a rising star in the Republican party who spearheaded legislation to cap propertytax increases at 2%.Earlier, this year, Christie slashed the state's contribution to educationby $820 millionto ease the burden on property taxpayers, which prompted a showdown with the New Jersey Education Association, the state's largest teachers union.


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