Residents of New Jersey’s Hunterdon County pay the highest property taxes in the U.S., according to the Tax Foundation.
The annual median property tax in Hunterdon, about 60 miles (97 kilometers) southwest of Manhattan near the Delaware River, was $8,216, a report issued today by the Washington-based organization shows. Suburban Westchester and Nassau counties, both bordering New York City, ranked second and third, respectively, at $8,206 and $8,160.
“The only source of revenue to pay for a broad spectrum of services in New Jersey is the property tax,” said William Dressel, executive director of the New Jersey League of Municipalities. “The property tax in many states is not the dominant source of revenue for local services.”
New Jersey Governor Chris Christie has made a 2 percent cap the centerpiece of his plan to control growth in New Jersey’s property taxes, which averaged $7,576 last year. Real estate levies, the main source of funding for schools and towns, have climbed 70 percent in the past decade.