"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Saturday, July 08, 2006

Corzine’s REAL Property Tax Relief Plan For 2006

New Jersey state government is still not open for business, it's been shut down for seven days and still counting:


Governor Jon Corzine’s REAL property tax relief plan for 2006 has finally been revealed during the rush to pass budget bills in New Jersey’s Assembly and Senate. There will be no increases in the rebate for any homeowners and “the wealthy”, those earning $70,000 or more, will have rebates cut by $100. Reports did not include information on rebates for renters.

The 2005 New Jersey FAIR property tax rebate for homeowners who were age 65 or older or disabled ranged from a minimum of $550 up to a maximum of $1,320. Homeowners under age 65 and not disabled received rebates ranging from $330 to $385. Homeowners with income of $200,000 or more were not eligible.

Renters who were age 65 or older or disabled received rebates ranging from a minimum of $165 up to a maximum of $908. Rebates for tenants under age 65 and not disabled were $83. Renters with incomes of $100,000 or more were not eligible.



1 Comments:

At 4:11 PM, Anonymous persiflage said...

They ought to simply eliminate the so-called "rebate" program. It's not a rebate; it started out as a partial return (but only for some people) of overpaid taxes, filtered through the greedy hands of the state. Now it has been perverted into just another wealth transfer scheme: from the young and productive to the old and retired, and from the homeowners who pay the highest taxes to those homeowners (and renters!) who pay the least. Eliminate the "rebate" program and it's administrative costs for wealth redistribution, and let us pay less taxes to the state.

 

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