When it comes to towns with the highest average property taxes in New Jersey, Montclair comes in at #10, according to NJ.com who used data from the state’s Department of Community Affairs. Montclair homeowners pay — on average – $19,065 in property taxes (Glen Ridge hit #6, with an average tax bill of $19,659).
Montclair just finished a revaluation and according to Montclair Mayor Robert Jackson, most properties stayed about the same with roughly 65% of Montclair homeowners having a tax bill change of $500 decrease or increase following the revaluation. There were some bigger changes.
“I heard of a situation where one home went up $45,000 and another went down $50,000,” says Jackson, adding that the tax reval is a zero sum gain for the township, since tax revenue does not increase, but gets redistributed among homeowners based on new value.
On the market at the high end of the tax spectrum is 274 Upper Mountain Ave., a 7-bedroom home listed at $2,699,000 with annual taxes of $54,856.
At the opposite end, a three-bedroom home on 34 1/2 Central Ave., listed at $170,000, has taxes of $7,449 annually.
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