November 1, 2009

Passaic County New Jersey Highest Property Taxes


"The worst proportional tax bite in the nation falls on New Jersey's Passaic County."
The average homeowner there has an annual income of $85,088 and pays $7,095 a year in real-estate taxes.
The tax comes to 8.34 percent of income.
This means Passaic residents are paying the taxman about one out of every $12 they earn for the pleasure of owning a home."

http://www.nypost.com/p/news/local/prop_taxes_slam_ny_area_hardest_80jxq1MSndVKJhgkvrhnSO

Prop taxes slam NY area hardest
By ANDY SOLTIS
New York Post
Last Updated: 6:06 AM, October 29, 2009
Posted: 3:08 AM, October 29, 2009

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