The Bad News - Good News For Jersey City Taxpayers

Homeowners in Jersey City are starting the new year off with some bad news – the city’s property tax assessment is going up from $46.05 per $1,000 dollars of assessed valuation to $52.33 per $1,000.

This means the taxes on a median priced home of $147,234 in Jersey City will be will $7,705 per year. Unbelievable, but then again this is New Jersey.

The good news for Jersey City residents is that their property taxes pay for only 10% of the total cost of their city’s government. The state’s taxpayers pick up 46% and other non-residential taxes make up the remaining 44%.

Want to see who picks up the tab for your town’s government – click here.

Update: What percent of our own towns' costs are picked up by the state? A range from a low of 6% to a high of 8%.