Christie says he will unveil plans to cut — not just cap — property taxes
Proposals to lower property taxes, not just slow their growth, will be unveiled in the next two months, Gov. Chris Christie said Wednesday in touting Lake Como’s rejection of a tax hike that could have saved the borough’s police department.
Christie, on “Ask The Governor,” said Lake Como’s overwhelming rejection of a 22 percent tax hike – by a vote of 379 to 137, with nearly half of voters turning out – is a sign of the success of a property tax cap approved in 2010, his first year as governor.
“This is the effect of the Christie property tax cap. That’s what it is,” Christie said.
“Not only it’s at 2 percent, but if you to exceed that 2 percent, you have to go to the voters to do it. And the voters of Lake Como said, ‘No, thank you.’ That’s the way it should work in this state,” Christie said. “That’s why property taxes have only increased about 12 percent over the last six years, when they increased 70 percent over the 10 years before I became governor. This is one of the real successes.”
Growth in property taxes has inched higher in recent years — at 2.4 percent in 2015, it was the largest in four years, though still far below the increases that were common before 2011.
“Now, have property taxes come down? No, and I know everybody wants their bill to come down,” Christie said. “I’m going to announce some ideas this spring to bring property taxes down. Stay tuned.”
Lake Como is going to disband its 10-officer police department and instead contract with neighboring Belmar for police services. The contract is expected to save Lake Como taxpayers $1.5 million.