Hughes said, “They’re living on the edge right now, they’re really stretched,” he said. “We’re in a higher inflation era both now with high energy costs and for what may be coming, because of the [Trump administration] tariffs, any benefit they can receive will be helpful.”
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The big property tax promise
Altogether, the state’s tax break programs are a confusing jumble piled on top of each other, said Marc Pfeiffer, “it’s getting confusing,” he said.
Many N.J. seniors, especially in cities, wouldn’t get much help from property tax cut plan, analysis shows
Supporters of a sweeping new property tax cut proposal for New Jersey seniors say a big goal is to entice older residents across the state to stay by making their lives here more affordable — so they won’t skip out and spend their golden years elsewhere. But while the...
Murphy’s property-tax rebate proposal adds renters
Last week Gov. Murphy announced a property-tax relief program that could benefit renters. Senior policy fellow Marc Pfeiffer explains that the funding is coming from income tax and directly benefits people paying those taxes (segment starts at 6:40) NJ Spotlight News,...
Another push for local governments to share work and cut costs
Marc Pfeiffer, a former deputy director of the state Division of Local Government Services who now serves as the assistant director of Rutgers University’s Bloustein Local Government Research Center, said local governments in New Jersey are facing a lot of pressure...
Average NJ property tax bill now $9,111 — How your town compares
Property taxes went up by $158 for the average New Jersey homeowner last year, according to figures compiled by New Jersey 101.5. The total jump in the tax levy was the most in 10 years. The average residential property tax bill in 2020 was $9,111, an increase of...
Could this study finally help NJ cut property taxes?
State lawmakers want to hire Rutgers University researchers to study efficiency and scaling in the delivery of local government services – but first have to narrow their ambitions, which are bigger than their wallet. With an election-year eye on reducing property...
New NJ property tax guide, authored by Bloustein School expert, answers everyday questions for homeowners
The New Jersey Society of Certified Public Accountants (NJCPA) and New Jersey Realtors recently released a comprehensive guide for New Jersey residents for understanding property taxes. The publication, “New Jersey Homeowner’s Guide to Property Taxes,” answers...