Christopher John Stracco

Christopher John Stracco | Day Pitney LLP

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...

Christopher John Stracco | Day Pitney LLP

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...

Christopher John Stracco | Day Pitney LLP

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...