N.J.’s Highest-in-the-Nation Property Taxes Grow 3.3 Percent to an Average of $7,300

New Jersey’s highest-in-the-nation residential property taxes continued to climb last year, to an average of $7,281, according to new data released by the state. The 3.3 percent average increase was the smallest in a decade, and marked the second straight year with a rate below a 4 percent cap instituted through a special legislative session in 2006-07.Still, New Jersey property taxes have grown more than 70 percent since 1999, when the average bill was $4,239.

Last year, the average property tax bill increased by $236 to $7,281, according to data released by the state Department of Community Affairs.

The municipality with the highest average bills was Millburn in Essex County, at $19,097.

With towns and school districts expecting cuts in state aid from Gov. Chris Christie’s upcoming budget, the governor has promised them “tools” to hold down property tax increases next year — including changes to public worker pensions, benefits and contract negotiations.

The property tax data, including information on individual towns and counties, is available online.

{NJ.com/Noam Amdurski-Matzav.com Newscenter}