New Jersey's average property-tax bill has surpassed $10,000 for the first time, reaching $10,095 in 2024, a 3% increase from 2023. Over 40% of the state's counties exceeded this threshold, with Essex having the highest average at $13,900. Governor Murphy's proposed $58.1 billion budget includes $3 billion for property-tax relief programs. Republicans criticize the rising taxes, while the governor's office emphasizes efforts to make New Jersey more affordable through initiatives like ANCHOR and Stay NJ, aimed at providing tax credits and relief for seniors.
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