Leading the way but not to something good.
A recent study for 2005 has revealed that six of the top ten counties in the nation (yes, the nation) with the highest property taxes are in New Jersey.
Hunterdon, Bergen, and Essex are in the top five. Morris, Somerset and Union are 7th, 8th and 10th.
I feel better. My county, Monmouth, is all the way down at 13th. Woo hoo.
Meanwhile, neither Pennsylvania, Delaware, North Carolina, South Carolina, Florida nor Arizona have a single county in the top fifty.
Can there really be any wonder why there is an exodus from N.J. to these states?
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Try this; Property tax; a road to ruin.
Levying an unfair tax regardless of ability to pay, and then cruelly evicting anyone who hasn't enough income to pay looks like a road to ruin. Especially in a bad economy with skyrocketing millage rates covering sagging house values that cause tax bills on even those with an exemption and even a cap on appraisal value to shoot up to unaffordable levels. Then as more homes go vacant, the county needs more money and so raise the millage rates again and again. Now even the rich are having big problems keeping up with property taxes and eventually even the rich start getting evicted, and then the government raises the millage again, more rich people get evicted, another jump in millage rates, and before you know it, the whole county falls into ruin with entire neighborhoods turned into slums and ghost towns.
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