The proposal comes as the average property tax bill in New Jersey has exceeded $10,000 for the second consecutive year, local outlet NJ.com reported. If adopted in the final spending plan —... Read more »
“Rising property taxes and insurance premiums continue to reshape what homeowners experience month to month, and escrow is often where that impact shows up first,” said Katie Brewer, CEO of LERETA. “This... Read more »
Qualifying homeowners would see school-related property tax valuations frozen at the year they turn 55, preventing future increases in that portion of their tax bill. Seniors already receive a partial exemption from... Read more »