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NJ property tax bills rising, but more slowly

Local News | May 16, 2013

NJ property tax bills rising, but more slowly

TRENTON, N.J. (AP) — New data released by the state shows New Jersey’s property tax rates have been rising more slowly since Chris Christie became governor.

But because fewer homeowners receive tax credits or rebates than before 2009 and the rebates are smaller, many homeowners are paying significantly more than they did before Christie became governor.

The state’s average property tax bill last year was nearly $7,900, up 1.6 percent from the previous year.

Homeowners earning less than $75,000 and senior citizens with incomes under $150,000 were eligible for property tax credits bigger than the previous year.

But people receiving the rebates are paying more now than they were before Christie took office. A homeowner with the average bill and the average rebate paid 19 percent more last year than in 2009.