Report: N.J. Property Taxes Rose, Income Fell

tax-billProperty taxes in New Jersey ate up a greater percentage of taxpayers’ paychecks in 2009 than in the previous year, as income fell while tax bills continued to climb, according to Census data compiled by a Washington, D.C., think tank. New Jersey homeowners spent 7.45 percent of their income on property taxes in 2009, up from 7.02 percent in 2008, according to an analysis of Census data released today by the Tax Foundation. Median income fell in 2009 to $88,343 from $90,010, while median property taxes climbed from $6,320 to $6,579 over the year. The median is the halfway point in the data. Read more in Star Ledger.

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not a tornado
15 years ago

thanks Star Ledger for pointing out that median is the halfway point I would have never figured that out……..role’s eyes

Old Timer
15 years ago

“…Median income fell in 2009 to $88,343…”

That means I am in the median of the median of the median income b racket.