Summary of the Article
Nationally, property tax rates average 1.3 percent of the property value, … Real estate agents say that property taxes affect homeowners’ decisions …[otw_is sidebar=otw-sidebar-1]
Bergen County homeowners had the fifth-highest average property tax bill in the nation, at $11,159, last year, according to a new survey by RealtyTrac, a California real estate information company. Passaic County’s single-family tax bill averaged $8,904, according to RealtyTrac.
The survey also confirms what Garden State homeowners have found out the hard way: New Jersey’s property taxes are among the highest in the nation, averaging more than 2 percent of a single-family home’s value each year.