2000 residential property taxes. Rather than simply considering the tax rate, they show the median residential assessment and the median tax bill for each municipality. The median represents the typical tax bill or assessment in a community.
Half are above the median, half are below.
For the first time since Gov. Christie Whitman took office in 1994, a majority of area homeowners will pay less in property taxes than they did the previous year. The rebates reimburse homeowners for a portion of their school taxes. The higher their 1997 school tax rate, the more they receive. A Press of Atlantic City analysis of median tax bills shows that 43 of 66 area municipalities had lower bills this year than last year. And of those towns that had increases, only 15 were above the consumer price index, compared to 42 in 1999.