Since taking office, one of Governor Christie’s highest priorities has been to protect taxpayers and create property tax equity for all New Jerseyans.
The Christie Administration believes we can do better, and with more reforms, we will.
According to a report released by WalletHub, using U.S. Census Bureau data, New Jersey homeowners pay the highest property taxes in the United States, nearly 4 times higher than the national average. The U.S. Census Bureau reports, the average American household spends $2,127 on property taxes for their homes each year.
Last year, according to the latest Department of Community Affairs data, New Jerseyans on average paid $8,353 in property taxes. A closer look at the data shows that each county in the state pays more than the national average of $2,127 .
|County||Average Total Property Taxes
(not including credits and deductions)
|Cape May County||$4,729|
The biggest driver of New Jersey’s highest in the nation property taxes is the ineffective and unfair school funding formula. We have the obligation to finally deliver real property tax relief to tax-strapped families with school funding fairness.