Tuesday, March 2, 2010

Garwood Property Taxes Slightly Higher than State Average

It's getting more expensive to live in the Garden State, but, Garwood remains 'affordable' when it comes to taxes.

Garwood's average tax bill is $7,463.
NJ's state average is $7,281.

Full Article Below:

New Jersey Property Taxes Go Up Again

TRENTON, N.J. (AP/ 1010 WINS) -- New state data shows property taxes in New Jersey -- already the highest in the nation -- have climbed an average of 3.3 percent to $7,281 a year.

Still, that's the smallest annual increase in property taxes in a decade. And it's the second straight year that the increase was below a 4 percent cap created under Gov. Jon S. Corzine.

The average tax bill last year was $7,045 -- about twice the national average. Essex County's Millburn Township had the highest rates in 2009, coming in at $19,097.

Overall, property taxes have grown more than 70 percent since 1999.

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