ukcats12 t1_jadpztf wrote on February 28, 2023 at 6:23 PM

Reply to comment by SD-777 in New Jersey’s notorious property-tax bills went up once again last year, growing on average by more than $200 or more than 2%, according to the latest data from the state; the increase pushed the average New Jersey property-tax bill to a record-high $9,490 in 2022 by rollotomasi07071

> Yep my town just had their re-evaluations done and my house went up, no joke, 60%

When they do a town wide reassessment the tax rate doesn't stay the same though. The value of your house might have gone up, but the tax rate is then cut to compensate. The town's tax revenue will stay approximately the same. Your taxes might go up, but certainly not by 60%.

SD-777 t1_jadz0m3 wrote on February 28, 2023 at 7:20 PM

Yeah the tax rate went down, but it will slowly climb back up as it's done every year. Even with the rate going down my yearly property taxes still went up significantly.