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Camden Considering Big Property Tax Hike

CAMDEN, N.J. (CBS) — Homeowners in Camden may get hit with a 23 percent real estate tax hike to help ease the city’s ongoing cash crunch, which has led to the layoff of some 230 police officers and firefighters.

Camden City Council this week quietly approved a bid to ask the state for permission for the tax increase, which will mean an extra $160 a year to the average household.

That permission came Friday from the Local Finance Board within the Department of Community Affairs as called for under a state law that capped Camden’s ability to raise taxes more than three percent in any given year.

City Council will likely give final consent to the hike next week and it takes effect immediately.

The state’s two percent cap deals with 2012 fiscal year budgets, but city officials, in a statement, say they need the money now.

It would be the first tax hike on homeowners in 15 years.

How many people might be brought back with the $4.2 million dollar revenue infusion isn’t clear, and union talks on concessions continue.

Reported by David Madden, KYW Newsradio.

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  • Kim Q

    I’ve seen plenty of city employees sitting on their duffs in city hall…why not let them go?

    • John Read

      Once again, we will smash the tax payer. Camden has suffered from corrupttion since the 70’s and even before. Now they will drive the few productive tax paying folks out. This won’t solve the problem, it will increasae and postpone reality. No one wants police and fire to be layoffs but, as Chicago goes under, Camden will follow. We better follow the example of our NJ Governor and stop tax and spend… We need business to happen, then the money will be plentiful. Anything less, you’re kidding yourself.

  • Thedog

    By the way! I haven’t had a decrease in my property taxes either in 15+ years!

  • Paul Pallas

    How much property tax is the city getting from the Susquehanna Entertainment Center?

  • cass

    Just who are you taxing. Camden is made up of quite a few, poorer citizens. Are they who you are taxing; if so you should be fired. Why are you, not letting go of NON essential employees. Are you afraid of the UNIONS. So instead, you jeopardize their safety; then tax them. YOu have to be some kind of sadist.

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