New Jersey Real Estate For Sale

Property Taxes in NJ an issue as always

Come election season, it’s no surprise that a lot of controversy and debate has been raised with regards to New Jersey’s high property taxes, the highest of any state in the country. Bloomberg reports on the different policies on the issue by the two primary candidates, Incumbent Jon Corzine or his Republican challenger Christopher Christie. Meanwhile, attorney and property tax expert David Wolfe reports to the Star Ledger about the challenges with the state property taxes as a whole and whether reform will actually come.

“I think we’ll have some systematic change, but I don’t know that it will have a dramatic impact on the property tax burden. It will be difficult to achieve real change and success.

In New Jersey, we fund our schools through the local property tax. If we reduce the property tax burden, the funds will have to come from somewhere else. Ultimately, I think the taxpayers will demand some sort of reach change.”