Recently, in an interview with the Star Ledger’s Tom Moran, Governor Christie said, “New Jersey has one of the most progressive income taxes in the country. Forty-one percent is paid by one percent of the people.” And while the Governor’s arithmetic is correct, also accurate is the simple reality that his proposed income tax relief plan provides meager relief, in some cases perhaps only a few dollars, to those middle-income New Jerseyans who need it most.
Now, Gov. Christie has taken some steps to reduce the tax burden for New Jerseyans. He has put a cap limiting property tax increases to two percent. However, he also has cut back on rebate programs, leaving the average middle-income family with an even larger overall burden.
New Jersey continues to have the highest property taxes in the nation, and middle-income families are having incredibly and increasingly difficult time staying afloat. And older New Jerseysans with low-to-zero incomes, who have spent their entire lives in the state, are being forced to leave behind the homes and families and start new lives elsewhere. The common denominator amongst the majority of them? New Jersey’s exorbitant property taxes.
Gov. Christie’s next state budget must provide additional property tax relief to struggling homeowners.
AARP New Jersey Intern Volunteer
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