The latest property tax data for 2022 in New Jersey is now available. This data provides a comprehensive overview of how property taxes have changed in different towns and counties across the state.
According to the data, some towns have seen significant increases in property taxes, while others have experienced a decrease. In some areas, the changes have been modest, with only minor fluctuations in tax rates.
Overall, the average property tax bill in New Jersey has increased by about 1.5% in 2022, which is slightly lower than the previous year's increase of 1.7%. However, the exact amount of increase or decrease in property taxes varies widely depending on the location.
The town of Ocean City saw the largest increase in property taxes, with an average bill increase of 5.8%. Meanwhile, Long Branch saw the largest decrease in property taxes, with an average bill decrease of 3.2%.
Other towns that saw significant increases in property taxes include Asbury Park, Brick, and Lakewood, with average bill increases of 4.6%, 4.2%, and 3.9%, respectively. On the other hand, towns like Hamilton, North Brunswick, and Parsippany-Troy Hills saw significant decreases in property taxes, with average bill decreases of 3.1%, 2.7%, and 2.5%, respectively.
The data also reveals some interesting patterns in property tax changes across different regions of the state. For instance, counties in northern New Jersey generally saw higher increases in property taxes compared to counties in southern New Jersey.
Overall, the property tax data for 2022 highlights the need for continued vigilance and monitoring of tax rates and policies at the local level. By staying informed and engaged, residents can help ensure that their communities are making responsible and equitable decisions when it comes to property taxes.
What you need to know:
- The latest property tax data for 2022 in New Jersey is now available, providing a comprehensive overview of how property taxes have changed in different towns and counties across the state.
- The average property tax bill in New Jersey has increased by about 1.5% in 2022, which is slightly lower than the previous year's increase of 1.7%.
- The exact amount of increase or decrease in property taxes varies widely depending on the location.
- Ocean City saw the largest increase in property taxes, with an average bill increase of 5.8%, while Long Branch saw the largest decrease in property taxes, with an average bill decrease of 3.2%.
- Counties in northern New Jersey generally saw higher increases in property taxes compared to counties in southern New Jersey.
- Continued vigilance and monitoring of tax rates and policies at the local level is necessary to ensure that communities are making responsible and equitable decisions when it comes to property taxes.
