Property Taxes Up 3.4% In 2009

property tax money houseGrowth in property taxes in New Jersey slowed last year, with average taxes going up by 3.4 percent – the lowest rate of increase in recent years, according to state figures posted today. Property taxes averaged $7,281 last year, up about $200, or 3.4 percent over 2008, according to state Department of Community Affairs figures. The tax growth came at a time when there was virtually no inflation in the Consumer Price Index, a government guide that keeps track of a number of goods from food to fuel. In the Northeast region, the inflation rate was 0.016 percent from 2008 through 2009.

The property tax growth compares with a 3.7 percent rise in 2008 and a 5.4 percent increase in 2007, according to state figures.

From 2004 through last year, property taxes grew by 29.6 percent.

Many recent polls have indicated that property taxes are the biggest issue in New Jersey.
Property taxes in Monmouth and Ocean counties increased last year by less than half the statewide rate, according to state figures.

In Monmouth County, average property taxes increased from $7,564 in 2008 to $7,670 last year, or 1.4 percent.

In Ocean County, average taxes also rose by 1.4 percent – from $4,943 in 2008 to $5,012 last year, according to state figures. APP

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4 COMMENTS

  1. A fact that should not be overlooked. The Lakewood municipal tax went up 10% in the latest increase, as did the school tax that is controlled by our Township committee. The Ocean County tax actually went down. The responsibilty is clearly that of the Township Committee voted in by Unserer Oilem.

  2. is there any reasonable or not so reasonable explanation why our taxes would go up at all. New houses are constantly being built we do not use the public school system so more population should not meen higher taxes, garbage pickup cannot amount to much. tax increase was more then 3.4 percent . My house was assesed at 615,000 and i was paying aprox 10,500 in 08 and in 09 i got reassesed at 500,000 and my taxes went down to 9500 which means 10percent increase maybe revenue only went up 3.4 percent but most lakewooders got hit with a 10ppercent increase. get me a askan that could address this problem and he has my vote

  3. i dont understand how learning families pay for their $500,000 homes and i dont understand how they pay an 8k tax bill, i will never understand this town.

Comments are closed.