Lower the property tax to reasonable valuation of real estate price vs. property tax assesment in NJ. Increase the tax credit issue for property tax paid by the owner yearly in NJ.
Why is this important?
I am an owner of a one family residential house in Union, NJ, purchased in 1996. My property tax in 1996 was roughly $4,200 and now its $9,400 in 2012.
