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If you are a taxpaying New Jersey resident who is eligible for the ANCHOR benefit, your payment is coming. The ANCHOR program provides property tax relief to New Jersey residents who own or rent ...
New Jerseyans get the short end of the stick as far as property taxes are concerned. The average effective tax rate in New Jersey is 2.42%, compared to the national average of 1.07%, according to...
Here are the highest average property tax bills among New Jersey municipalities with a population greater than 5,000. Millburn, Essex County - $24,947 a year. Tenafly, Bergen County - $23,031 a year.
New Jersey does not charge sales tax on most unprepared foods, household paper products, medicine, and clothing. As of July 1, 2022 New Jersey Does not charge sales tax on medical cannabis. [6] New Jersey does not charge sales tax on gasoline, but gasoline is subject to a $0.418/gallon excise tax. [citation needed]
The mission of the New Jersey Department of the Treasury is to formulate and manage the state's budget, generate and collect revenues, disburse the appropriations used to operate New Jersey state government, manage the state's physical and financial assets, and provide statewide support services to state and local government agencies as well as the citizens of New Jersey.
Among New Jersey's 564 municipalities, the borough is the most common form of local government, though the majority of state residents actually reside in townships. In 2023 there were 253 boroughs in New Jersey. [2] However, boroughs were not always so common. In 1875 only 17 boroughs had been created, all by special acts of the legislature.