The Hoboken Tax Reform Coalition
Jersey City Property Tax Probably the same in '09 as '08 - so why is Hoboken's Out of Control? (Jersey Journal)
JERSEY CITY
Property tax bills not as bad as you think
Monday, February 02, 2009 By AMY SARA CLARKJOURNAL STAFF WRITER
Jersey City property owners may be reeling after receiving tax bills that are 28 percent higher than the October bills.
But city officials said residents should expect to see lower bills later this year, resulting in an overall rate that isn't significantly higher than 2008.
"Our expectation is that when the budget is finally adopted there will be no tax increase or a very marginal one," said Brian O'Reilly, the city's business administrator.
He said the estimated municipal tax levy for 2009 is $151 million, the same levy as last year.
The reason for the sudden jump is because the city makes the January and April bills higher and then drops the rate for the July and October bills once the City Council passes the annual budget in the spring, he said.
"(Residents) pay the lion's share of the taxes in the first and second quarters," he said.
The January tax bills are 3.5 percent higher than a year ago, he said.
O'Reilly said residents' fears should be relieved in a few days when they receive in the mail an estimate of their 2009 taxes and a reminder of what they paid in 2008.
Property tax bills not as bad as you think
Monday, February 02, 2009 By AMY SARA CLARKJOURNAL STAFF WRITER
Jersey City property owners may be reeling after receiving tax bills that are 28 percent higher than the October bills.
But city officials said residents should expect to see lower bills later this year, resulting in an overall rate that isn't significantly higher than 2008.
"Our expectation is that when the budget is finally adopted there will be no tax increase or a very marginal one," said Brian O'Reilly, the city's business administrator.
He said the estimated municipal tax levy for 2009 is $151 million, the same levy as last year.
The reason for the sudden jump is because the city makes the January and April bills higher and then drops the rate for the July and October bills once the City Council passes the annual budget in the spring, he said.
"(Residents) pay the lion's share of the taxes in the first and second quarters," he said.
The January tax bills are 3.5 percent higher than a year ago, he said.
O'Reilly said residents' fears should be relieved in a few days when they receive in the mail an estimate of their 2009 taxes and a reminder of what they paid in 2008.
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