Based on the 2015 tax bills compiled by the New Jersey Department of Community Affairs, New Jersey's property taxes are among the highest in the Country.Most of your real estate taxes go to support the local public schools. Good public not only educate your children - they also provide an education for all of the children in your town and therefore increase property values.
But the cost of educating a child in NJ varies tremendously from town to town. Some towns receive more in Federal funding for schools than others. Whatever is not paid for by the Federal government is collected in the form of real estate taxes. Recently, the Patch published a list of New Jersey towns and their comparable average tax bills. The amount of your real estate taxes that go to support public schools varies but the Patch's article does not take that in to consideration.
In comparison, there are the Union County towns with the highest average real estate taxes:
Westfield - $9,254 (#29 in the State)
Summit - $8,578 (#38 in the State)
Scotch Plains - $7,947 (#52)
New Providence - $7,619 (#72)
Fanwood - $6,685 (#90)
Union - $5,931 (#130)
Cranford - $5,682 (#143)
Springfield - $5,409 (#162)
Roselle Park - $5,049 (#184)
Clark - $4,999 (#193)
Linden - $4217 (#267)
Kenilworth - $4,137 (#277)
Rahway - $3,811 (#321)
Roselle - $3,662 (#334)
Elizabeth - $2,317 (#474)
Are real estate taxes a factor for you when you chose where to live?
~ Wayne & Jean
Union County, NJ - a great place to live and work!
If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.
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