follow us:Google+ FacebookLinkedInTwitterRSS Feeds

advertisement

Top 10 N.J. towns with highest average property taxes

By

Back to Top Comments Email Print
New jersey's top 10 towns with the highest property taxes.
New jersey's top 10 towns with the highest property taxes. - (Toll Brothers)

New Jersey is known for being the king of the property tax castle, and it's no secret that homeowners in these 10 towns may be paying some of the highest taxes in America.

The state Department of Community Affairs released its 2013 property tax data Thursday accounting for all of New Jersey's 565 municipalities.

According to the DCA, property taxes increased by 1.3 percent in 2013 for the average residential property, going from the 2012 statewide average of $7,885 to $7,988. However, the department is quick to note that over 80 municipalities saw decreases and roughly 80 others saw increases of less than 1 percent.

"By any measure, Governor Christie's property tax reforms have been a resounding success as demonstrated by the third straight year of property tax restraint with more than 160 communities seeing either decreases in taxes or increases of less than 1 percent," DCA commissioner Richard Constable said.

Constable said that it's now on the Legislature to extend the 2 percent arbitration cap that Christie has called for.

"Progress will continue and accelerate if the Legislature renews the binding arbitration law and passes the accumulated leave liability reform that Governor Christie has championed," Constable said. "Taxpayers want the Legislature to continue the Governor's reforms so we don't return to 4, 5 and 6 percent annual property tax increases."

At the county level, Bergen County led the way with average property taxes of $10,642. Essex County, which had the highest average property taxes in 2012, came in second with an average of $10,590. Cumberland County again claimed the distinction of having the lowest average property taxes of any county with $3,706.

The ten municipalities with the highest property tax averages are as follows:

10. Glen Ridge, Essex County. Average: $17,498. 2012 Rank: 8

9. Mendham Township, Morris County. Average: $17,673. 2012 Rank: 9

8. Essex Fells, Essex County. Average: $17,885. 2012 Rank: 10

7. Rumson, Monmouth County. Average: $18,211. 2012 Rank: 7

6. Tenafly, Bergen County. Average: $18,369. 2012 Rank: 6

5. Mountain Lakes, Morris County. Average: $18.679. 2012 Rank: 5

4. Alpine, Bergen County. Average: $19,510. 2012 Rank: 4

3. Millburn, Essex County. Average: $20,857. 2012 Rank: 3

2. Loch Arbour, Monmouth County. Average: $21,778. 2012 Rank: 2

1. Tavistock, Camden County. Average: $25,014. 2012 Rank: 1

ALSO ON NJBIZ:

Two New Jersey companies on the list of world's most ethical companies

Christie gets bridge scandal question at Flemington town hall

Real Estate Report: CPA firm SaxBST, looking to give back, is raising funds with fun run

Share This Story On:
Andrew George

Andrew George

Andrew George covers the Statehouse from NJBIZ's Trenton bureau. Born and raised in N.J., Andrew has also spent time as a reporter in D.C., Texas and Pa. His email is andrewg@njbiz.com and he is @AndrGeorge on Twitter.

advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy

Advanced search
Sponsored by
advertisement
  
  
advertisement
  
  
advertisement
Back to Top