It happened, Save Jerseyans!
New data released this week from New Jersey’s Department of Community Affairs (DCA) reveals that the average Garden State residential property tax bill has now topped $10,000 annually for the first time, a grim milestone for the country’s most consistently over-taxed citizens.
The average property tax bill for 2024 reached $10,095 which represents a $292 (3%) jump from 2023.
Tax burdens are uglier the further you move north; Essex County property taxpayers shell out an average of $13,900 while Cumberland County residents average $4,901.
According the Tax Foundation, ten New Jersey counties are presently among the nation’s twenty counties with the highest property tax burdens.
New Jerseyans will select a new governor this year and it seems almost certain that the state’s historic property tax burden will emerge as a leading issue. All eyes will also continue to monitor events in Washington, D.C. where lawmakers are weighing the elimination of the SALT cap. President Trump reportedly called for a “fair number” on SALT ahead of taking office in January.
