From the Star Ledger:
New Jersey’s sky-high property taxes rose to new heights last year, from an average $7,988 in 2013 to $8,161 in 2014, according to data from the Department of Community Affairs.
The nearly 2.2 percent increase breaks down to an extra $173 for the average property taxpayer, on top of what were already the highest property taxes in the country.
That distinction was cited by as a major reason half of residents polled by Monmouth University in September said they don’t want to live out their days here. A quarter of residents who described themselves as “somewhat likely” to move, blamed property taxes.
New Jersey collects nearly $3,000 per capita in property taxes, while according to the Tax Policy Center, a non-partisan, joint venture of the Urban Institute and the Brookings Institution, 79 percent of American homeowner paid less than $1,750 in property taxes each year, and only 3 percent paid more than $4,000.
Just 0.2 percent of U.S. homeowners paid more than $8,000, which is less than the new New Jersey average.
Property taxes last year rose fastest in New Jersey’s Hudson County. There, the average tax bill climbed 7.6 percent, from $7,467 to $8,034. The highest average tax burdens could be found in Essex, Bergen and Union counties.
Tax bills have increased 12 percent since Gov. Chris Christie took office, less than under his predecessor, Democrat Jon Corzine. A spokesman for Christie did not respond to a request for comment.
Bills that were climbing at least 7 percent annually from 2004 to 2006 rose just 2.4 percent, on average, in 2011, 1.6 percent in 2012 and 1.3 percent in 2013, thanks to reforms Christie and the Legislature put in place capping property tax increases and the amounts police and fire unions can win in arbitration at 2 percent.