Submitted by Downtown-Prompt-6499 t3_ybyh41 in jerseycity
mmmmyah t1_ito3o0r wrote
Unfortunately most of JC property owners have been assessed roughly 32% more property tax as compared to last year
2021 - total tax rate = 1.6% (city rate 0.60% + school rate 0.60% + county rate 0.43%)
2022 - total tax rate jumped 32% = 2.11% (city rate 0.82% + school rate 0.86% + county rate 0.43%)
For 2022 the city tax rate went up ~37%, the school tax rate went up ~43%, county tax rate stayed the same.
They only assessed the higher rate in Q3 and Q4 that's why you're seeing the bigger property tax bill now.
See the following articles for actual budget data and references and questions to ask your local representatives:
https://civicparent.org/property-taxes/
See the articles above re: what drove the tax increase.
A big thank you to Professor D'Souza CPA from St Peters for this public service website.
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