Property Tax Woes In New Jersey - FOX 35 News Orlando

Property Tax Woes In New Jersey

Posted: Updated:
Hamilton, New Jersey (MY9NJ) - Property taxes have always been a concern amongst New Jersey homeowners. In recent years however, many New Jerseyeans have faced skyrocketing hikes in their property taxes, leaving them wondering where all the extra money is going.

A perfect example of this unfortunate trend is Hamilton native Tony Osmond's property tax predicament. Osmond has lived on Perilli Drive in Hamilton since 1972. Over time, he says his property taxes have gone up from $900 a year to more than $7,000 annually.

"Give me the $7,000 and I'll have the front of my house repaved. I'll get my neighbors together, give us the money for one year, and we'll get together and pave our own street," Osmond said.

It's this kind of frustration that is driving many residents to City Hall to have their properties and taxes reassessed within the community.

In order to get a better understanding of why property taxes are consistently on the rise, Morristown attorney Tom Olsen, who specializes in these appeals, sat down and discussed the various circumstances regarding this issue.

"As costs have risen over the years, and as more and more money needs to be utilized in municipal budgets and school budgets, it has to come from the property tax. It’s really the only way. So that’s why we’ve seen a sharp rise in the amount of property tax that people are paying," Olsen said.

Olsen also noted that although other states rely on more varied income sources, Garden State towns run mainly on property tax income.

With property taxes being as they are, businesses, especially large ones, will appeal their assessments. This appeal however, can get tied up in court and become very expensive. Although the property tax issue seems like an unsolvable problem, many towns like Hamilton Township are doing their own reassessments. For Hamilton, this will be the first reassessment of property taxes in almost 20 years.

Hamilton business administrator John Ricci spoke in depth about reassessments.

"Once you’ve established a true value at today’s market rates, we should see very few tax appeals for a while. That’ll save us money on tax appeal attorneys, on giving money back to taxpayers because they’ve proven their case that their assessments were too high," Ricci said.

As for Tony Osmond, he is retired and old enough that he is trying to get is property taxes frozen. Regardless of what municipality you may live in, the property tax issue within the Garden State is not going away, and it’s the individual municipalities that must take it upon themselves to reassess their individual issues in order to hopefully bring down costs for everyone within the community.


Watch Chasing New Jersey weeknights at 10pm on My9 and don’t forget to like us on Facebook!
  • Chasing New JerseyMore>>

  • Kid Stumbles Upon Ten Thousand Year-Old Arrowhead In LBI

    Kid Stumbles Upon Ten Thousand Year-Old Arrowhead In LBI

    Thursday, August 28 2014 5:07 PM EDT2014-08-28 21:07:59 GMT
    There are countless treasures to be found along the Long Beach Island shoreline. Sand dollars, conch shells and even ten thousand year-old arrowheads! That's exactly what happened last week to 10-year old Noah Cordle who was walking along the beach and stumbled over the ancient artifact. “I thought it was a mussel shell, but it looked kind of too pointy to be a mussel shell and so I picked it up and it was an arrowhead,” Cordle explained.
    There are countless treasures to be found along the Long Beach Island shoreline. Sand dollars, conch shells and even ten thousand year-old arrowheads! That's exactly what happened last week to 10-year old Noah Cordle who was walking along the beach and stumbled over the ancient artifact. “I thought it was a mussel shell, but it looked kind of too pointy to be a mussel shell and so I picked it up and it was an arrowhead,” Cordle explained.
  • Project Child Support’s Mobile Unit Helping Families In The Tri-State

    Project Child Support’s Mobile Unit Helping Families In The Tri-State

    Thursday, August 28 2014 10:25 AM EDT2014-08-28 14:25:04 GMT
    Project Child Support provides an array of different services to help assist both custodial and non-custodial parents throughout the tri-state area with child support related issues in order to help a child get the support they deserve. Yesterday their new mobile assistance center was set up outside of the family court building in Elizabeth, New Jersey to help spread the word about what they do and help those families engrossed in a child support battle.
    Project Child Support provides an array of different services to help assist both custodial and non-custodial parents throughout the tri-state area with child support related issues in order to help a child get the support they deserve. Yesterday their new mobile assistance center was set up outside of the family court building in Elizabeth, New Jersey to help spread the word about what they do and help those families engrossed in a child support battle.
  • Ortley Beach Power Problem Costing Couple $20k

    Ortley Beach Power Problem Costing Couple $20k

    Thursday, August 28 2014 10:21 AM EDT2014-08-28 14:21:44 GMT
    Doug and Liz Uhlig's home in Ortley Beach, New Jersey was completely destroyed after Superstorm Sandy. They have spent the last year-and-a-half rebuilding the home and raising it five-feet in order to meet the new FEMA flood standards. Unfortunately, the couple is still without power. After the Uhlig's rebuilt, they sent in all the necessary paperwork to the township for approval.
    Doug and Liz Uhlig's home in Ortley Beach, New Jersey was completely destroyed after Superstorm Sandy. They have spent the last year-and-a-half rebuilding the home and raising it five-feet in order to meet the new FEMA flood standards. Unfortunately, the couple is still without power. After the Uhlig's rebuilt, they sent in all the necessary paperwork to the township for approval.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices