Recently by Christopher John Stracco
Property Tax Reform Is Here, Now What?
With much fanfare, New Jersey's legislature passed property tax reform legislation earlier this year. The nature of the "reform" is that the state will spend $2.2 billion to provide property tax credits of up to 20% for homeowners, but homeowners earning more than $250,000 get nothing. The amount...
Read MoreProperty Taxes In New Jersey: Lots Of Questions, Few Answers
Editor: Mr. Stracco, you have spoken and written about the real property tax situation in New Jersey at some length. For starters, why has the problem gotten to be of this magnitude? Stracco: The first point is that property taxes are by nature regressive. The taxpayer is charged without regard...
Read MoreProperty Tax Reform In New Jersey: What's In It (Or Not In It) For Business?
The Governor addressed a joint session of the state legislature on July 28, 2006 in order to inaugurate a special legislative session on cutting New Jersey's draconian property tax. Several legislative committees were charged with dealing with the seminal issues which will come to the fore during...
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