New Jersey Property Tax Problems - My9 New Jersey

New Jersey Property Tax Problems

Posted: Updated:
Egg Harbor, New Jersey (MY9NJ) -

The mayor of one New Jersey town is actually moving out because he claims he can’t afford to pay the property taxes there.

Egg Harbor Mayor Sonny McCullough bought his home in 1985 for about $350,000 and according to him, now he is officially taxed out.

In 2012, Egg Harbor property taxes were increased by 60% making his home now worth $1.1 million and that comes with close to a $35,000 tax bill.

Depending on which formula you use, New Jersey is either number one or number two in the country for pricey property taxes.

McCullough said, “property tax is the unfairest tax in the world. It’s not based on someone’s ability to earn money.  It’s based on the property value.”

Of the property taxes, 60% come from school taxes, 30% is for the township and local taxes make up less than 10% of the property tax bill.

This seems to be a problem for many residents across New Jersey.

One Hightstown resident, who is selling their house, said that property taxes are a big factor as to why many people are moving out.

The woman said, “The property taxes are killing me and nobody is buying because of the taxes in Hightstown, this is the third time we put the house up for sale.”

  • Chasing New JerseyMore>>

  • Mom Desperate For Her Kids After Ex Takes Them To India & Doesn’t Return

    Mom Desperate For Her Kids After Ex Takes Them To India & Doesn’t Return

    Tuesday, August 19 2014 1:28 PM EDT2014-08-19 17:28:03 GMT
    Last week President Obama signed into law the Sean David Goldman Act which authorizes the State Department to take forceful measures against a country that doesn't help to return an American child held there. Oftentimes, these cases of international child abduction occur when parents are divorced and one parent is holding a child or children from the other parent in a different country. Sadly, that is the case for Plainsboro woman Bindu Philips.
    Last week President Obama signed into law the Sean David Goldman Act which authorizes the State Department to take forceful measures against a country that doesn't help to return an American child held there. Oftentimes, these cases of international child abduction occur when parents are divorced and one parent is holding a child or children from the other parent in a different country. Sadly, that is the case for Plainsboro woman Bindu Philips.
  • Increase In Suicide Hotline Calls Since Robin Williams’ Death

    Increase In Suicide Hotline Calls Since Robin Williams’ Death

    Tuesday, August 19 2014 10:41 AM EDT2014-08-19 14:41:29 GMT
    Robin Williams' suicide was front page news around the world. It led to a massive outpouring of sympathy and grief from friends and fans. To this day people are still speculating as to why he would take his own life and whether his decision would have changed if he was able to talk to someone about what he was dealing with. Since his death, Westfield based suicide prevention hotline calls have spiked.
    Robin Williams' suicide was front page news around the world. It led to a massive outpouring of sympathy and grief from friends and fans. To this day people are still speculating as to why he would take his own life and whether his decision would have changed if he was able to talk to someone about what he was dealing with. Since his death, Westfield based suicide prevention hotline calls have spiked.
  • Man Arrested For Carving Swastika In Neighbors Yard

    Man Arrested For Carving Swastika In Neighbors Yard

    Tuesday, August 19 2014 10:32 AM EDT2014-08-19 14:32:31 GMT
    Leisure Village is a quiet adult community in Lakewood, New Jersey. It's the last place that you would expect to see a swastika carved in front of someone's home, but sadly Fred Blumberg and his partner said that is exactly what happened to them. Blumberg explained that as an older gay couple they've dealt with harassment for years.
    Leisure Village is a quiet adult community in Lakewood, New Jersey. It's the last place that you would expect to see a swastika carved in front of someone's home, but sadly Fred Blumberg and his partner said that is exactly what happened to them. Blumberg explained that as an older gay couple they've dealt with harassment for years.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices