TRENTON, N.J. – Assemblyman Jay Webber said that New Jersey’s already worst property taxes would get a lot worse under Gov. Phil Murphy’s scheme to borrow $5 billion, which imposes a statewide property tax on New Jersey properties.
“Governor Phil Murphy’s massive statewide property tax creeped forward today, even as New Jersey property taxes already are the nation’s worst and even as Governor Murphy just raised property taxes again with his killing the Senior Freeze and Homestead relief programs,” said Webber (R-Morris).
“Everyone’s property will be the collateral for Murphy’s loans if he gets his way. That’s right, if you thought your home was all paid for, think again. Governor Murphy wants to take a $5 billion mortgage on your property to pay for his own borrowing. And if you are having trouble making your mortgage payment now, Governor Murphy will double down on your difficulties with his statewide property tax. New Jersey simply cannot handle a statewide property tax that will punish its already beleaguered taxpayers even more.”