Sunday, July 30, 2006

New Jersey's Property Tax Crisis

The Star-Ledger reports:
n a state where homeowners pay the nation's highest per-capita property taxes, a town such as Roselle might seem like a tax haven.

A working-class community tucked between more-affluent suburbs and urban New Jersey, Roselle asked its average homeowner last year to pay $7,100 for police, schools and other local services.
That's for a $217,000 house.We can comfortably predict that states like Tennessee,Georgia,and Texas will have greater population growth than New Jersey for a long time.