October 29, 2009
Asbury Park Press Interviews Tax Foundation Senior Economist Gerald Prante on Property Taxes
"N.J. pays most in property taxes"
By Jean Mikle
Any way you care to look at it, New Jersey still leads the nation in property taxes.
And it's really not even a close race.
Seven of the top 10 counties in the nation with the highest median property taxes can be found in the Garden State, according to an analysis of new U.S. Census Bureau data by the Washington-based nonprofit Tax Foundation. ...
The new data looks at 2006 to 2008 and includes U.S. counties with populations of 20,000 or more. The census compiled the data in three-year averages for better accuracy, according to the Tax Foundation.
"New Jersey's property taxes are high in every county," said Gerald Prante, a senior economist for the Tax Foundation and author of the property tax report. "Many counties in New York state are high, but it does have some low-tax counties. New Jersey does not."
