The governor said Wednesday the relief is coming because state revenues are strong.
Around 2 million families in New Jersey could see more property tax relief, at least temporarily, CBS2's Nick Caloway reported Wednesday.Murphy and top Democrats announced an expansion of the property tax rebate program, known as"ANCHOR," which was unveiled in March.
If approved, homeowners with a household income less than $150,000 would receive a $1,500 credit on their property tax bill each year. Those with income between $150,000 and $250,000 would get a $1,000 credit, and renters with incomes up to $150,000 would get $450 per year to help offset rent increases."We all know that property taxes put pressure on our middle class and working families on a good day.
High property taxes are top of mind for many New Jersey families. Caloway asked folks in the Bergen County town of Fair Lawn what they think about the rebate. "It's good news for people who are paying $5 a gallon for gas now and are trying to squeeze things. Any relief is good," Wyckoff resident Bob Dickinson said.
"It's not enough. I don't think it's enough," added Mike Levenzon of Fair Lawn."If you pay more than $10,000, what is $1,500?""It's better than nothing, but it's really closer to nothing than the tax cuts for all New Jerseyans could be. We're just overtaxed to a great extent," Assembly Republican Leader John DiMaio said.The average New Jersey property tax bill was about $9,300 last year.
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