Wednesday, January 24, 2007

Around Town: Property Tax News

Lawrence township council has proposed a 3 cent increase in property taxes to 68-cent/$100 which would increase the average homeowner’s bill about $49. They will discuss the proposed budget “in detail” on February 6.
Read the story

In state government, the effort to reform property taxes has senate democrats seeing the reform effort as a waste.
"By the time all is said and done, (the proposals have) all been watered down so much that there's really nothing there. They're nothing more than shells," said Sen. Shirley Turner, D-Lawrence, Mercer County.
After seeing much of his work on reforms whittled down by other lawmakers and interest groups, Sen. Robert Smith, D-Piscataway, compared his efforts to those of Sisyphus, who in Greek mythology was doomed to forever roll a boulder up a hill, only to see it roll back down.
Smith said, "I went into this believing anything was possible and anything was on the table, but you can't get past those interest groups."

Well folks, it looks like business as usual in the state legislature – something potentially good shot down in its infancy. I cannot say I am surprised but I will admit to hoping for better.
Read the story


For more housing information click here.


Technorati: , , , , , , ,



For more information on Real Estate in New Jersey visit here.

No comments: