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NJ Property Tax Bills Rising, But More Slowly

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Photo Credit: Thinkstock.com

Photo Credit: Thinkstock.com

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TRENTON, N.J. (AP) — New data released by the state shows New Jersey’s property tax rates have been rising more slowly since Chris Christie became governor.

But because Christie also slashed rebates during his first year in office, the average homeowner’s tax burden for 2012 was 19 percent more than 2009, the year before Christie took office.

Fewer residents also now receive a tax credit or rebate, meaning that many middle class property owners have seen their bills increase even more.

The state’s average property tax bill last year was nearly $7,900, up 1.6 percent from the previous year. Factoring in credits for homeowners earning less than $75,000 and senior citizens with incomes under $150,000, the average burden was a little over $7,400.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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