NJ Senate Chief Looks To Toughen Property Tax Cap

Law360, New York (April 16, 2012, 5:42 PM EDT) -- The head of New Jersey's Senate on Monday announced planned legislation that would block towns from circumventing a 2 percent property tax cap in the state by hitting residents with user fees for municipal services such as trash collection.

The proposal comes as residents in a tiny handful of New Jersey towns on Tuesday will vote on whether to allow their municipalities to raise taxes above the annual 2 percent cap, which the Legislature and Gov. Chris Christie approved in 2010.

The legislation that Senate President...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.