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SLAM DUNK
01.10.16
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TAXES UP
$537M
TRENTON - Hold onto your wallets: Property taxes in New Jersey increased by their fastest rate in
four years in 2015, with landowners shelling out an
extra $537 million.
The hike pushed the average local tax bill to
$8,354 for homeowners, up $193 from the prior year,
according to data compiled exclusively by the Asbury Park Press. Thats an increase of 2.4 percent,
despite a supposed 2 percent cap enacted in 2010.
The jump marks the second straight year New
Jerseys property tax hike has gotten bigger, after
three years of slowing growth in Gov. Chris Christies first term. Monmouth and Ocean counties fared
worse than most of the state with tax boosts of 2.6
percent and 3.3 percent, respectively.
The trend undercuts one of Christies selling
points as he touts his gubernatorial record on the
GOP presidential campaign trail. On his campaign
website, Christie says property taxes are rising at
their slowest pace in more than two decades.
The new accounting tells a costly different story
in a state where homeowners already pay the
highest-in-the-nation property taxes. That burden
helped drive nearly 14,000 to sign an Asbury Park
Press petition urging elected officials to cut property taxes. The petition came in tandem with Asbury
Park Presss investigation of the tax crisis last fall.
2.6%
3.3%
$8,354
$537M
$27.7B
Inside, Page 5A
Stay or leave?
Adrienne DiPietros property taxes have tripled
See TAXES, Page 5A
To see a video about your property taxes, visit APP.com. Read our entire "Tax Crisis" series at app.com/taxcrisis
@ISSUE
BUSINESS
CLASSIFIED
LOCAL
LOTTERIES
1AA
6AA
1D
3A
2A
OBITUARIES
OPINION
SPORTS
SUNDAY BEST
WEATHER
18A
4AA
1C
1E
12C
VOLUME 137
NUMBER 8
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