Property Taxes

 37th DISTRICT ASSEMBLY CANDIDATE CID WILSON ON HAND FOR SIGNING OF GOVERNOR CORZINE’S PROPERTY TAX RELIEF PLAN

Hackensack - This past Tuesday Assembly Candidate Cid Wilson was on hand as Governor Jon S. Corzine signed his long-awaited property tax reform plan into law and provided homeowners with the property tax relief they so desperately need.

IN CASE YOU MISSED IT ...

IT'S NOT REAL AT ALL

Property tax reform may be one-shot deal

Editorial, Daily Record of Morris County, April 5, 2007

Gov. Jon Corzine said "The results are real," in signing legislation this week to reduce property taxes for most New Jersey homeowners. The bill establishes a sliding scale for tax relief: households earning $100,000 a year or less will see a 20 percent reduction, up to $150,000 will get a 15 percent reduction and up to $250,000 will get a 10 percent reduction. The reduction will average $1,051 per household.

The governor can call this the "real" thing all he wants, but there's nothing "real" about it.

IN CASE YOU MISSED IT...

NO RELIEF FOR NJ TAXPAYERS; OTHER EXPENSES ERODE TAX CUT BENEFIT

Editorial, The Express-Times, April 5, 2007

When is a tax cut not really a tax cut? When you can see the "savings" being chipped away -- dollar by dollar by dollar -- months before the check has been placed in the mail, before the tax credit has been credited. Such is the case for nearly every property owner and renter in New Jersey.

IN CASE YOU MISSED IT ...

NOTHING LANDMARK ABOUT 'TAX RELIEF'

Editorial, Asbury Park Press, April 4, 2007

Gov. Corzine signed property tax relief legislation into law Tuesday, trumpeting it as "landmark."

"I am proud to sign into law a remarkable combination of relief and reform that seemed impossible just a few years or even a few months ago," Corzine said.

The only thing remarkable about it is how Corzine and the Legislature believe voters will be fooled into thinking it is worthy of the adjective "landmark."

IN CASE YOU MISSED IT ...

PROPERTY TAX REFORM FAILS TO DELIVER LASTING RELIEF

Editorial, Home News Tribune, April 4, 2007 

Now that Gov. Jon S. Corzine has signed into law the 20 percent cut in property taxes promised to most homeowners, the question for New Jerseyans naturally becomes: Are they better off because of this plan? The disappointing answer is: Not by a long shot.

 

IN CASE YOU MISSED IT...

DeCroce, Biondi Slam Same Property Tax Relief Plan They and Over 77 Percent of their Caucus Voted For

Senator Joe Kyrillos, (R-Monmouth/Middlesex) issued the following statement today in response to Governor Corzine signing legislation to provide a 20 percent tax credit to property owners and cap tax increases by schools and municipalities at 4 percent.

The 20 percent tax credit is not sustainable and despite the fact that state spending has increased nearly 50 percent over the past 5 years, schools and towns are now being asked to cap spending.

ROBERTS/McKEON/BURZICHELLI 20 PERCENT TAX CUT BILL
SIGNED INTO LAW
Keystone Property Tax Reform Measure Provides Maximum $2,000 Tax Cuts, Doubles Pool of Money for Renter Rebates, Imposes New Caps to Hold Down Increases in Local Levies

(TRENTON) - Legislation Assembly Speaker Joseph Roberts, Jr., and Assemblymen John McKeon and John Burzichelli sponsored to provide property tax cuts up to $2,000 to a majority of New Jersey households and create a new system of caps to clamp down on spending by municipalities and school districts was signed into law today by Governor Jon S. Corzine.

'CORE' REFORMS BECOME LAW
Multi-Prong Package Removes Obstacles to Service Sharing,
Empowers County School Superintendents, Promotes User-Friendly Budgets

(TRENTON) - Legislation Assembly Speaker Joseph J. Roberts Jr. spearheaded to improve government efficiency and reduce property taxes by giving citizens and local officials new tools to cut waste and duplication in municipalities and public schools was signed into law today by Governor Jon S. Corzine.

ROBERTS: SIGNINGS OF CAPS/CREDITS BILL & CORE REFORMS
A VICTORY FOR PROPERTY TAXPAYERS
Speaker Says Government Streamlining Will Contribute Toward Sustainability
Of Savings Achieved through 20-Percent Property Tax Cut

(TRENTON) - Assembly Speaker Joseph J. Roberts Jr. (D-Camden), who has made  property tax reform and relief his chief leadership priority, today welcomed the signing of legislative measures that would provide residents with property tax cuts up to 20 percent while setting in motion a series of reforms to ensure that taxpayer savings are not eroded over time.