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Friday, October 18, 2024

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NJ Tax Breaks

Letters to the Editor 2019

By Joe Murphy, Town Bank

To the Editor:  

Every election cycle, opponents of incumbents bring up the high property taxes. But never is heard an encouraging word or solution.  

Taxes won’t go down, but controls can be set. Let’s try and freeze them.  

When a property owner goes on Social Security, their property taxes should be frozen at the rate in effect that day. Only one owned property can be frozen.This frozen rate stays in effect until the day the property is sold. Then the property taxes are raised to what the frozen rate would have been without the freeze.  

This method would help fixedincome owners and establish a future tax payment for local government.  

I think this could happen immediatelyby local government without a new state law. But should it need a state law, then pass it.  

The proposed 50% tax cut is a political pipe dream. Wake up, Legislature, and get real. 

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