NJ Gov. Murphy Wants to Ease Property Tax Bills for 1.8M Owners, Renters

March 3, 2022 | headtopics.com

The number of New Jersey residents getting property tax relief would nearly quadruple to almost 2 million people under a plan Democratic Gov. Phil Murphy has unveiled

Overall the governor's proposal could benefit 1.8 million residents, up from the 470,000 who currently get the property tax assistance. The program carries a $900 million price tag, which would grow to $1.5 billion by 2025, with the aim of increasing the average benefit to $1,150 a year.

NJ SEED: With NJ being among (if not THE) highest property tax states in the nation, relief is always welcome.