I Want My Property Tax Rebate!

A new report from the State of New Jersey shows that property taxes for New Jersey homeowners have risen by 70% since 1999.  In 2009, the average property tax bill was $7,281 compared to $4,329 in 1999.   Property taxes rose 3.3% compared to last year.

Given that property taxes just continue to go up, wouldn’t it be great if you could get 75% of future property tax increases returned to you?  You can!  It’s called the NJ Economic Stimulus Act.   See below if you qualify:

• Is your name Morgan Stanley?
• Are you building a casino that is short on cash?
• Have you received a taxpayer bailout in the past?
• Is the People’s Republic of China considering building and financing the project?
• Did you earn $1.3 billion in profits last year?
• Is the NJ legislature changing the law so taxpayers can’t vote on your tax rebate?

If you answered YES to all those questions, congratulations, you are eligible for a 75% reduction of your property taxes!