NJ Property Tax Relief On Way
Under the tax relief plan, households earning up to $100,000 would get a 20 percent cut, up to $150,000 would get a 15 percent cut and up to $250,000 would get a 10 percent cut. The cut would average $1,051 per household.About 1.9 million of the state's 2 million households would get help, while renters would also get increased relief.
;Quoted from PhillyBurbs
New Jersey property taxes run about twice the national average, and Gov. Corzine is signing into a law a property tax relief program. It will offer about a 20% deduction to home owners.