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Help Stop the New Jersey Home Sales Tax
28 September 07 08:38 AM | Emil Ratti | 0 Comments   
In response to NJAR®'s Local Home Sales Tax campaign, the League of Municipalities sent a notice to New Jersey mayors urging them to write legislators in support of a local realty transfer fee. In this week’s edition of NJBIZ Assemblywoman Read More...
Corzine Signs Property Tax Credits and Property Tax Cap Legislation
06 April 07 09:05 PM | Emil Ratti | 0 Comments   
Governor Jon Corzine on April 3 signed into law the final two pieces of property tax reform legislation. The new laws provide property tax credits, cap property tax increases and make it easier for local governments to share services. Corzine signed A-1 Read More...
NJ Property Tax Facts
05 March 07 02:03 PM | Emil Ratti | 0 Comments   
The Facts (All statistics are from 2006 unless otherwise indicated) New Jersey has the highest property taxes per capita of any state in the nation (2004). New Jerseyans pay $20.9 billion in property taxes, almost as much as they pay in State income, Read More...
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Local Realty Transfer Fee Bill Scheduled for Vote
01 March 07 09:56 PM | Emil Ratti | 0 Comments   
NJAR (New Jersey Association of Realtors) received notification late last night that a bill which would allow municipalities classified as “cities of the first class” to impose a local realty transfer fee (RTF) in the amount of $.50 per $500 Read More...
Property Tax Reform Bills Sent to Governor Update
06 February 07 10:26 PM | Emil Ratti | 0 Comments   
The Senate on January 29 gave final legislative approval to property tax reform bills that would create a State comptroller position to monitor spending, reform pension laws, and encourage towns to consolidate and share services. The measures now go to Read More...
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Corzine State of the State: Act Now on Property Tax Reform
12 January 07 10:36 PM | Emil Ratti | 0 Comments   
Saying the time to act is now, Governor Jon Corzine used his first State of the State address on January 9 to prod legislators to enact comprehensive property tax reform. Corzine offered no new property tax reform proposals, but went through a long list Read More...
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Corzine, Legislature Reach Agreement on Property Tax Reform
05 January 07 09:40 PM | Emil Ratti | 0 Comments   
Governor Jon Corzine , Senate President Richard Codey, and Assembly Speaker Joseph Roberts on January 3 agreed to key elements of property tax reform, according to several published reports. Under the agreement, property tax credits for certain households Read More...
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Property Tax Reform Bills Pass Assembly
15 December 06 03:24 PM | Emil Ratti | 0 Comments   
Assembly members passed numerous property tax reform bills in marathon voting sessions held December 11 and December 14, but the measures are still awaiting action in the Senate, which will probably address them in January. Some of the property tax measures Read More...
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Legislators Release Property Tax Reform Recommendations
10 December 06 10:01 PM | Emil Ratti | 0 Comments   
The four joint legislative committees that have been studying ways to reduce New Jersey’s highest-in-the-nation property taxes released 98 specific recommendations for reform on November 15. The one receiving the most attention would reduce the Read More...
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Legislative Leaders Oppose Tax Shifting as Property Tax Reform
10 December 06 09:57 PM | Emil Ratti | 0 Comments   
Senate President Richard Codey and Assembly Speaker Joseph Roberts have said the property tax reform plan they are working on will not include shifting the tax burden to other local taxes, such as a local sales tax or income tax. In a November 6 Star Read More...
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