Re: Taxpayer’s Dollar: “Don’t Pass the Buck to NJ’s Property Taxpayers!”
Here is the latest version of A New Jersey Taxpayer’s Dollar. Based on tax receipts information reported by the Department of Community Affairs and the Office of Legislative Services, it illustrates our State’s chronic over-reliance on the property tax to fund essential public programs and services.
The Dollar shows that 44% of all State and local taxes collected in New Jersey were collected through local property taxes. (The national average is around 30%.) 21% of total taxes were collected through the State Income Tax. (The national average is 22.5%.) The State Sales Tax (The national average is 34.5%.) and all other State collected taxes, which includes cigarette taxes, liquor taxes, motor fuels taxes, etc., (The national average is 8.6%.) accounted for 15% each. And State Corporation Taxes account for 4% of the total. (The national average is 4.4%.)