NJ Democratic Leadership : 20% property tax cut for NJ households on the way!

[w¡n9Nµ7 §£@¥€r 123]

New Jersey's two highest-ranking lawmakers said they expect to provide an average 20 percent property-tax reduction to a majority of households in the state.

[...]

"'... we can make projections of the immediate property-tax relief most homeowners will experience," Assembly Speaker Joseph Roberts said in a statement. ''An average 20 percent property-tax credit for the majority of New Jersey households is achievable."

http://www.dailyrecord.com/apps/pbcs.dll/a...372/1005/NEWS01

[kaydee457 13]

Yep, but the states cut of your local property taxes are usually a very small percentage!

The big ticket item is school taxes.

Also, it sounds like this has been in the works for a while. Has nothing to do with the cuurent elections.

Traditionally, democrats have been the big spenders; mostly entitilements...

[w¡n9Nµ7 §£@¥€r 123]

Also, it sounds like this has been in the works for a while. Has nothing to do with the cuurent elections.

That is correct. Property taxes in New Jersey have been a political issue for a while.

Regardless, if my property tax bill goes down 20%, I'll be happy.

More details from the NY Times:

The proposal of a 20 percent tax credit paid by the state directly to homeowners was unveiled less than a week before a deadline for lawmakers to offer ways to cut property taxes in New Jersey, which has the highest such levies in the nation.

The average resident pays $6,000 annually in property taxes, twice the national average. A 20 percent cut would slice that average bill to $4,800. The plan would be financed in large part by halting the rebate checks and combining that money with proceeds from the state’s new sales tax increase.

http://www.nytimes.com/2006/11/10/nyregion/10taxes.html

[Saddle Bronc 124]

Yep, but the states cut of your local property taxes are usually a very small percentage!

The big ticket item is school taxes.

Also, it sounds like this has been in the works for a while. Has nothing to do with the cuurent elections.

Traditionally, democrats have been the big spenders; mostly entitilements...

Doesn't affect my (already lousy) opinion of NJ.

[almaty 19]

Yep, but the states cut of your local property taxes are usually a very small percentage!

The big ticket item is school taxes.

Also, it sounds like this has been in the works for a while. Has nothing to do with the cuurent elections.

Traditionally, democrats have been the big spenders; mostly entitilements...

Doesn't affect my (already lousy) opinion of NJ.

mine either,..joisey suxs

[w¡n9Nµ7 §£@¥€r 123]

joisey suxs

[Hilarious Clinton 452]

Yep, but the states cut of your local property taxes are usually a very small percentage!

The big ticket item is school taxes.

Also, it sounds like this has been in the works for a while. Has nothing to do with the cuurent elections.

Traditionally, democrats have been the big spenders; mostly entitilements...

Doesn't affect my (already lousy) opinion of NJ.

mine either,..joisey suxs

20% isn't enough

[Mr. Big Dog 10,747]

Traditionally, democrats have been the big spenders...

Man, when did Bush change sides? I must have missed that somehow. He must be a Democrat because he sure as hell ain't gonna be outdone spending. Hey big spender!