New Hersey State of Muncicipalities Facebook Twitter  Linkedin with NJSLOM NJSLOM YouTube Channel NJLM Blog       





   

February 22, 2013

Re:  New “Property Tax Dollar” Graphic Depicts Need for Property Tax Relief and Reform

Dear Mayor:

There is no doubt that the property tax funds a greater percentage of State and local services in New Jersey, than any other tax. There is no doubt that government in New Jersey is over-reliant on this regressive revenue source.

We looked at the U.S. Census Bureau’s Survey of State and Local Government Finances for 2010. The National average of taxes assessed and collected by state and local governments for State and local services (“own source” revenues, which excludes funding from the Federal Government or other sources) is 35% from property taxes, 34% from sales and excise taxes, 21% from personal income taxes, 3% from corporate taxes and 7% from other taxes.

New Jersey State and local tax collections in 2010 showed a very different breakdown. In our state, 48% came from property taxes, 22% from sales and excise taxes, 20% from personal income taxes, 4% from corporate taxes and 6% from others.

To illustrate this imbalance and the urgent need for property tax relief and reform, we have developed a graphic. You can access that visual aid on our website at http://www.njslom.org/Taxpayer-Dollar.pdf Feel free to download or link it to your municipal website.

If you have any questions, contact Jon Moran at 609-695-3481, ext. 121 or jmoran@njslom.com.

Very truly yours,

William G. Dressel, Jr.
Executive Director

 

 

 

Privacy Statement | NJLM FAQ
New Jersey State League of Municipalities • 222 West State Street • Trenton, NJ 08608 • (609) 695-3481
  FAX: (609) 695-0151