
New Jersey residents pay more property tax per capita than in any other state—about 4.88 percent of the state's average per capita income, according to the 2009 State Business Tax Climate Index issued by the Tax Foundation. Adding to this already hefty burden, New Jersey Governor Jon Corzine recently unveiled part of his $29.8 billion budget that would eliminate property tax deductions on state income taxes and some property tax rebates. New Jersey homeowners are screaming, "No more!"





