Stay NJ, now in its first year, was created to cut property tax bills in half — capped at $6,500 — for New Jersey homeowners ...
New Jersey’s property taxes are expensive — no doubt about it. New Jersey in 2023 had an effective tax rate of 1.77%, behind only Illinois, according to the nonpartisan Tax Foundation, a ...
Property taxes primarily fund local services like schools, police, and road construction. Towns with more businesses or higher-valued homes can set lower tax rates. Tax-exempt properties, such as ...
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