Summit also saw a higher percentage tax increase for 2012 than the state average.
Homeowners in Summit are paying higher property taxes than the statewide average and the highest taxes out of all communities in Union County, according to a statewide chart published by the Star-Ledger. The average total Summit tax bill comes in at $16,050.53, compared with the statewide average of $7,870.28. While the statewide average property tax increase was 1.7 percent for 2012, the smallest bump in more than two decades, Summit residents saw a 3.3 percent tax increase for 2012. Across Union County, the average percent increase for 2012 was 2.1 percent. Mountainside had the highest percentage increase for 2012 (5.6 percent), while Winfield had the biggest decrease for 2012 (-0.8 percent). Compared to the rest of Union County, Summit …
For Summit this would mean $28,533,871 more state school aid and that would help lower property taxes.
Monday, February 6, 2012
It is well known that New Jersey's highest-in-the-nation property taxes cause severe hardships for many families. What is less well known is the root cause of those high property taxes. Simply put, in the matter of school funding, the state supreme court has usurped the authority which our constitution gives solely to the legislature. But now there is hope! Senator Mike Doherty has introduced The Fair School Funding Plan, which would provide tax relief for many New Jersey citizens. You can learn more about this at http://fairschoolfunding.com/. For Summit this would mean $28,533,871 more state school aid and that would help lower property taxes. It’s a win-win proposition! The Supreme Court has yet to realize that you cannot bring …