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IMPACT OF THE DAGGETT CAP ON PROPERTY TAXES STATEWIDEYear CPI Total Property Taxes Avg Resid % Increase Property Tax With Avg Res PT Avg Res PTProp Tax Total PT Daggett CPI Cap w ith CPI Cap after 25% cut1998 1.3% $13,031,634,680 $4,1191999 2.2% $13,565,284,999 $4,237 4.1% $13,318,330,643 $4,210 $3,1572000 3.5% $14,195,069,731 $4,429 4.6% $13,784,472,215 $4,357 $3,2682001 2.7% $14,991,990,501 $4,661 5.6% $14,156,652,965 $4,475 $3,3562002 1.4% $16,046,875,894 $4,974 7.0% $14,354,846,106 $4,537 $3,4032003 2.2% $17,253,984,654 $4,958 7.5% $14,670,652,721 $4,637 $3,4782004 2.6% $18,377,494,023 $5,617 6.5% $15,052,089,692 $4,758 $3,5682005 3.5% $19,567,777,307 $6,022 6.5% $15,533,756,562 $4,924 $3,6932006 3.2% $20,914,761,932 $6,446 6.9% $16,030,836,772 $5,082 $3,8112007 2.9% $22,130,902,055 $6,796 5.8% $16,495,731,038 $5,229 $3,9222008 4.1% $23,213,741,007 $7,046 4.9% $17,172,056,011 $5,443 $4,08310-Year Total Property Taxes Avg Res PT 10-Yer PT Property Tax with Avg Res PT Avg Res PTYear CPI avg at Past Growth Rate w/o Cap Avg Rise Daggett CPI Cap with CPI Cap after 25% cut2009 $24,000,000,000 $7,500 $24,000,000,000 $7,500 $5,6252010 2.80% $25,425,600,000 $7,946 5.94% $24,679,200,000 $7,712 $5,7842011 2.80% $26,935,880,640 $8,417 5.94% $25,377,621,360 $7,931 $5,9482012 2.80% $28,535,871,950 $8,917 5.94% $26,095,808,044 $8,155 $6,1162013 2.80% $30,230,902,744 $9,447 5.94% $26,834,319,412 $8,386 $6,2892014 2.80% $32,026,618,367 $10,008 5.94% $27,593,730,652 $8,623 $6,4672015 2.80% $33,928,999,498 $10,603 5.94% $28,374,633,229 $8,867 $6,6502016 2.80% $35,944,382,068 $11,233 5.94% $29,177,635,349 $9,118 $7,0322017 2.80% $38,079,478,363 $11,900 5.94% $30,003,362,430 $9,376 $7,2312018 2.80% $40,341,399,378 $12,607 5.94% $30,852,457,586 $9,641 $7,4362019 2.80% $42,737,678,501 $13,356 5.94% $31,725,582,136 $9,914 $7,436Total Paid$334,186,811,508 DagPlan $280,714,350,19920% avgcut $224,571,480,159Savings to taxpayers $109,615,331,349(About 75% res/25% business)
 
CPI muli $1.32 1.03 $1.78 1.06
 
Totals Ave
Total PT 1998 Total PT 2008 1998 20080101
Absecon City
Atlantic
$12,256,328
$19,105,452
55.9% $15,802,757
3,397 $3,776
0102
Atlantic City City
Atlantic
$192,895,218
$341,466,813
77.0% $248,710,411
1,772 $3,602
0103
Brigantine City
Atlantic
$27,131,724
$46,343,936
70.8% $34,982,423
3,123 $4,245
0104
Buena Borough
Atlantic
$3,910,140
$6,954,365
77.9% $5,041,558
2,308 $3,348
0105
Buena Vista Township
Atlantic
$5,623,210
$11,370,580
102.2% $7,250,314
1,906 $2,870
0106
Corbin City
Atlantic
$508,893
$1,071,649
110.6% $656,144
2,056 $3,429
0107
Egg Harbor City
Atlantic
$5,231,923
$7,780,387
48.7% $6,745,806
2,978 $3,977
0108
Egg Harbor Township
Atlantic
$32,445,823
$93,860,442
189.3% $41,834,184
2,393 $4,306
0109
Estell Manor City
Atlantic
$1,744,494
$2,866,544
64.3% $2,249,272
1,946 $2,477
0110
Folsom Borough
Atlantic
$1,847,750
$2,708,383
46.6% $2,382,406
2,079 $2,409
0111
Galloway Township
Atlantic
$32,752,419
$67,679,341
106.6% $42,229,495
2,555 $3,443
0112
Hamilton Township
Atlantic
$24,822,501
$48,975,109
97.3% $32,005,015
2,295 $3,122
0113
Hammonton Township
Atlantic
$16,464,175
$27,696,425
68.2% $21,228,167
2,937 $3,508
0114
Linwood City
Atlantic
$14,968,372
$26,171,665
74.8% $19,299,545
4,843 $7,136
0115
Longport Borough
Atlantic
$6,312,616
$11,267,240
78.5% $8,139,202
3,916 $5,825
0116
Margate City
Atlantic
$23,413,105
$41,220,006
76.1% $30,187,803
3,495 $5,004
0117
Mullica Township
Atlantic
$6,491,554
$10,664,240
64.3% $8,369,918
2,607 $3,356
0118
Northfield City
Atlantic
$13,402,798
$23,469,110
75.1% $17,280,964
3,500 $4,685
0119
Pleasantville City
Atlantic
$16,643,201
$26,062,798
56.6% $21,458,994
2,113 $2,551
0120
Port Republic City
Atlantic
$1,495,007
$2,358,863
57.8% $1,927,594
3,249 $3,902
0121
Somers Point City
Atlantic
$16,669,284
$27,266,562
63.6% $21,492,624
2,997 $3,992
0122
Ventnor City
Atlantic
$21,906,710
$43,244,846
97.4% $28,245,526
3,319 $5,481
0123
Weymouth Township
Atlantic
$1,599,161
$2,722,317
70.2% $2,061,886
2,093 $2,723
0201
Allendale Borough
Bergen
$18,456,225
$33,036,039
79.0% $23,796,626
7,757 $12,163
0202
Alpine Borough
Bergen
$6,755,330
$11,585,892
71.5% $8,710,018
9,563 $14,615
0203
Bergenfield Borough
Bergen
$45,956,774
$72,363,091
57.5% $59,254,596
5,487 $7,660
0204
Bogota Borough
Bergen
$12,106,105
$19,115,241
57.9% $15,609,067
4,932 $6,758
0205
Carlstadt Borough
Bergen
$19,481,959
$33,993,984
74.5% $25,119,161
2,910 $4,624
0206
Cliffside Park Borough
Bergen
$30,008,466
$52,000,373
73.3% $38,691,565
3,986 $5,890
0207
Closter Borough
Bergen
$21,318,488
$39,005,204
83.0% $27,487,099
6,664 $11,364
0208
Cresskill Borough
Bergen
$20,941,053
$37,629,078
79.7% $27,000,452
7,279 $11,202
0209
Demarest Borough
Bergen
$13,419,546
$24,656,047
83.7% $17,302,559
8,009 $12,982
10-Year %Increase2008 Total WithDaggett Cap
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